Economic Optimism Plunges In Post-Election IBD/TIPP Poll

If newly re-elected President Obama was hoping to float into his second term on a cloud of renewed national optimism and bipartisan goodwill, he’s likely to be disappointed.

The latest IBD/TIPP Poll shows that, at least as far as economic optimism is concerned, America very much remains a house divided.

The bellwether Economic Optimism Index for November plunged 10%, from 54 in October to 48.6 in November, as a major part of the electorate took stock of the vote’s outcome and didn’t like what it saw for the economy.

The partisan breakdown for optimism is telling. Not surprisingly, sentiment among Democrats improved — 4.2%, from 70.8 in October to 73.8 in November.

But Republican poll respondents, who for months were below the break-even level of 50 for optimism , expressed an even gloomier outlook over the economy’s future.

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