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BloombergJan. 25 (Bloomberg) -- Americans increasingly expect a recession this year and they're looking to Democrats more than President George W. Bush for a solution, according to a Bloomberg/Los Angeles Times survey.
The pessimism was shared widely, with more than two-thirds of those polled saying the economy is doing badly, up from 56 percent in December. That is the most negative sentiment since the poll began asking the question in 1997.
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Almost eight in 10 poll participants said a recession is likely this year, up from 71 percent in December, and only 16 percent now call a downturn unlikely. Almost four in 10 said a recession is very likely. The negative outlook spanned income groups and political affiliations. Nine in 10 respondents who have household income above $100,000 said they expect a slump as did a majority of Democrats, Republicans and independents.
By a margin of 51 percent to 29 percent, respondents to the survey said Democrats can handle the economy better than Bush.
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