America's Economic Woes
75 percent say economy 'getting worse.'
Right
On Wednesday, Fed chairman Ben Bernanke will testify before the Joint Economic Committee of Congress on the health of the economy. According to a CBS News poll conducted in March, Americans are broadly pessimistic about the economy: 66 percent said the country was in a recession, including majorities of Republicans (53 percent), Democrats (77 percent), and independents (63 percent). Seventy-five percent of all respondents said that the economy was “getting worse,” a number that hasn’t been higher since 1980, the year Ronald Reagan beat Jimmy Carter. Source: CBS News, March 2008.