Republicans’ economic games are having a real-world impact on Americans’ economic confidence, according to a new poll by Gallup. According to a report in The Hill:
“The government shutdown and continuing fiscal fights in Washington are rattling the public’s confidence in the U.S. economy at levels not seen since the 2008 financial crisis, according to a new Gallup survey released Tuesday.”
“Gallup’s economic confidence index plummeted 12 points between Sept. 30 and Oct. 6 — the largest weekly drop since the index declined by 15 points after Lehman Brothers filed for bankruptcy in September 2008.”
“The index gauges the public’s assessment of the current state of the economy and whether people feel the economic outlook is improving or getting worse.”
“In recent years, Washington’s negotiations over raising the debt ceiling have negatively influenced economic confidence, suggesting that as Congress gets closer to the Oct. 17 deadline without reaching an agreement to up Treasury’s borrowing limit, the public’s economic confidence could drop further.”
So, hint for our Republican friends: stop with the manufactured crises. Time to work with Democrats to reopen the government and ensure America pays its bills.