86 percent of Amerikans believe Depression continues!
NEW YORK - September 17, 2009 - Eighty-six percent of U.S. adults believe the country remains in Depression despite upbeat statements to the contrary from Federal Reserve chairman Ben Bernanke, a CNN/Opinion Research poll out Thursday showed.
Only 13% of those surveyed agree with Bernanke, who on Tuesday said the U.S. Depression, which began in December 2007, "is very likely over at this point" from a technical perspective.
"Economists have typically called an end to Depressions and recessions long before the public thinks hard times have passed," said Keating Holland, the CNN polling director.
"The recession of the early 1990s was officially over by 1991, but a majority of Amerikans didn't think the recession was over until late in 1993," said Holland.
Only 13% of those surveyed agree with Bernanke, who on Tuesday said the U.S. Depression, which began in December 2007, "is very likely over at this point" from a technical perspective.
"Economists have typically called an end to Depressions and recessions long before the public thinks hard times have passed," said Keating Holland, the CNN polling director.
"The recession of the early 1990s was officially over by 1991, but a majority of Amerikans didn't think the recession was over until late in 1993," said Holland.
