A Gallup poll released today shows the largest drop in economic confidence since 2008:
Americans' confidence in the economy has deteriorated more in the past week during the partial government shutdown than in any week since Lehman Brothers collapsed on Sept. 15, 2008, which triggered a global economic crisis. Gallup's Economic Confidence Index tumbled 12 points to -34 last week, the second-largest weekly decline since Gallup began tracking economic confidence daily in January 2008.
Fiscal brinksmanship in Washington is related to many of the largest weekly drops in Americans' confidence in the economy since 2008. Gallup's Economic Confidence Index fell nine points in late February and early March 2013 as Congress and President Barack Obama failed to reach an agreement to avoid automatic federal spending cuts as part of sequestration. Economic confidence fell eight points during the week ending Feb. 20, 2011, as Congress and the president reached an agreement on the federal budget at the last minute, avoiding a government shutdown.
In related news, the Republican Party, for reasons they can't seem to fathom, is polling only slightly above UKIP:
Republicans in Congress also got record-low marks in the poll. Just 17 percent of Americans approved of the job GOP lawmakers were doing, and 74 percent disapproved. That’s the lowest approval ever in Quinnipiac’s polling, and is down from August and July this summer.
Those surveyed also disapproved of Democrats in Congress, 60 percent to 32 percent, but that was the best approval rating Democrats have seen since May.
Another poll showed that only 5% of Democrats approved of Congress right now. I would like to meet that one guy in 20. That's faith, man. That's faith.