On the eve of the national political conventions, Americans' confidence in the economy remains dismal--not a good sign for incumbents.
A new Gallup survey found 43 percent of Americans rated the economy as poor, compared to 13 percent who saw it as good. Earlier in the year, confidence was higher.
"Whatever happens going forward, the continuing negative views of the economy Gallup has measured over this summer so far show no signs of any upward shift in Americans' economic optimism," a poll analysis said.
It saw higher gasoline prices as perhaps responsible for the latest results, and suggested prices could fall at the end of summer. "On the other hand, the stock market has been generally moving up since June, yet that hasn't seemed to improve Americans' perceptions -- meaning other issues are influencing their views of the economy, including the jobs situation," Gallup said.
To read the complete report: http://www.gallup.com/poll/156809/economic-confidence-stable-low-level.aspx