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American Satisfaction At Record Low at Trader’s Narrative

American Satisfaction At Record Low

Here’s another indicator which dovetails nicely with everything else we’ve seen measuring the sentiment of the US consumer:

american satisfaction survey gallop poll record low
Source: Gallop Poll

First of all, who exactly are these people that are satisfied with things now? 7% is 21 million people!

In any case, the last two times that American’s were this unhappy during election time, the results were bad for the incumbent party. Change is a tough proposition for us humans. We much prefer the status quo. But when times are really tough, then we begrudgingly accept the need for change.

I was in Spain (but not in Madrid) when they had their version of 9/11. That tragedy totally changed the outcome of the elections. Before that day the polls were expecting a total crushing defeat for Zapatero but in less than a week it was the opposite.

Getting back to the chart, in 1980 Ronald Reagan defeated Jimmy Carter and in 1992 Bill Clinton defeated George H. Bush. You can already see this reflected in polls which put Obama way ahead of McCain.

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5 Responses to “American Satisfaction At Record Low”  

  1. 1 Declan Fallon

    Must be all of Rush Limbaugh’s fans who are happy!


  2. 2 Jorge

    Hi, I am from Spain and what you say is very true, we had a really bad time on 11M.

    I really apreciate your work on this web page, Nice to meet you and lets see if I can win the T-Shirt ja ja .

    Hasta luego jaja.

  3. 3 Upandaway

    Watch the “Daily Show” from this Monday: Perpetual optimism is a Real American trait!

    Realism is anti-american don’tcha’now?

  4. 4 howmoney

    I am impressed with all this useful information. Was WAY more than I expected.

  1. 1 The BoBo Carnival of Politics - October 26, 2008 Edition! | The BoBo Files

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