U.S. satisfaction suffered a setback this month, after a two-month upswing. Twenty-two percent of Americans say they are satisfied with the direction of the country, down from 28% in July and 27% in June. Three-quarters of Americans are now dissatisfied with the nation's course, up from 68% in July.Gallup expressed the opinion the drop in satisfaction levels was political rather that economic. I suggest otherwise, but it's hard to say given the up and down fluctuation this year.
In general, are you satisfied with the way things are going in the Unites States at this time?
Given the decline, America's mood is now on par with the lowest readings seen since early 2012, including March of this year, when 21% were satisfied.
Democrats maintain higher satisfaction than either political independents or Republicans, a pattern seen throughout President Barack Obama's White House tenure. Nevertheless, their satisfaction fell seven percentage points this month (from 44% to 37%), consistent with the six-point drop among Republicans (from 14% to 8%), and slightly greater than the four-point drop among independents (from 25% to 21%).
Regardless, it's time for a musical tribute.
Link if video does not play: Rolling Stones: "Satisfaction!"
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
