Americans grow more pessimistic on the economy

“The U.S. economy may be hitting another “spring swoon,” the same way it has for the past several years. A slowdown from the economy’s already slow rate of growth would not be surprising given the impact of the “sequester” and tax increases that went into effect earlier this year. These moves trimmed government spending across the board and increased taxes on most Americans.

Not surprisingly, the sluggish economy has led to increased pessimism among American consumers. According to a new Associated Press-GfK poll, only one in four Americans expects their financial situation to improve over the next year. And only 46% of Americans now approve of President Barack Obama’s handling of the economy.”  See this direct link to a video discussion.