AP Poll: Economy still troubles most Americans - WAOW - Newsline 9, Wausau News, Weather, Sports

AP Poll: Economy still troubles most Americans

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WASHINGTON (AP) -- A new poll suggests the economy still troubles most Americans one year after Wall Street teetered on the brink of collapse.

According to a new Associated Press-GfK poll, seven out of 10 Americans lack confidence the federal government has taken safeguards to prevent another financial industry meltdown.

Even more -- 80 percent -- rate the condition of the economy as poor and a majority worry about their own ability to make ends meet.

The pessimistic outlook sets the stage for President Barack Obama as he attempts to portray the financial sector as increasingly confident and stable and presses Congress to act on new banking regulations.

Half of those surveyed said deficit reduction should be a national priority over increased spending on health care, education or alternative energy.

(The survey of 1,001 adults with cell and landline telephones was conducted from Sept. 3-8. It had a margin of sampling error of plus or minus 3.1 percentage points.)

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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