Nobody felt worse about economy in ’11 than Rhode Islanders

February 7th, 2012 at 6:00 am by under Nesi's Notes, On the Main Site

Cheer up a bit, Rhode Island. You’re going to bum everybody out.

Just 5.4% of Rhode Islanders described economic conditions in the United States as excellent or good in 2011, the smallest share in any state, according to Gallup polling. That was down from the already minuscule 7% who felt that way in 2010.

Oregon had the second-fewest optimists in 2011, but even they had 7.2%. More than half of Rhode Island residents – 52.9% – described the economy as poor last year, compared with 51% who said so in 2010.

Moreover, Gallup found Rhode Islanders’ confidence about the economy has barely budged in the last three years.

Those responses gave Rhode Island a score of minus-43 in Gallup’s Economic Confidence Index for 2011, tied for third-lowest in the nation. That’s an improvement from the state’s rock-bottom score of minus-63 back in 2008, but worse than its scores of minus-39 and minus-41 in 2010 and 2009, respectively.

“Gallup Daily tracking each day asks Americans to assess the current state of the U.S. economy and to say whether the economy is getting better or worse,” the firm said. “The responses to these two questions are combined into Gallup’s Economic Confidence Index.” Negative scores mean more pessimism.

The most economically confident place by far was Washington, D.C., which registered a minus-4, a full 22 points ahead of second-ranked North Dakota despite the latter’s much lower unemployment rate.

“One possibility is that the poll is wrong,” The Washington Post’s Ezra Klein suggested. “Another is that the political nature of the economic crisis leaves residents of Washington feeling more in control than residents of other states. But the truth is that I don’t have a good explanation for this result. Do you?”

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5 Responses to “Nobody felt worse about economy in ’11 than Rhode Islanders”

  1. Cosmo says:

    Let’s see, governor looking to raise state taxes. Unresolved municipal pension crisis that has 1 RI city in bankruptcy already, another one almost there and others probably heading in that direction. Property taxes going up yet again to support crappy city services. Fifth worst climate for business in the country. Corruption rampant throughout all levels of government. Welcome to Tax Hell and Providence Plantations, but don’t worry be happy. Need any more explanation?

    1. Ed says:

      Not to me Cosmo. You might have to speak slowly or write in crayon for Fish and his public sector brethern to be able to understand what has happened. I can’t believe it took this long. The longer this issue has been going on the worse the treatment.

  2. 2therightinri says:

    Just like Cranston…The State of RI no longer has a prayer.

  3. [...] part of the jobs picture – and statistics like this may help explain why Rhode Islanders were the gloomiest in the country about the economy last [...]