Increasing Optimism

According to a new Washington Post-ABC News poll:

The number of Americans who believe that the nation is headed in the right direction has roughly tripled since Barack Obama's election, and the public overwhelmingly blames the excesses of the financial industry, rather than the new president, for turmoil in the economy.

At this early stage in his presidency, Obama continues to benefit from a broadly held perception that others should bear the bulk of responsibility for the severe economic problems that confront his administration.

When it comes to assessing responsibility for the nation's economic plight, 80 percent said they put a "great deal" or a "good amount" of blame on banks and other financial institutions for taking unnecessary risks. The same percentage said they blame large corporations for poor management decisions. About seven in 10 blame consumers for overextending themselves with debt and the Bush administration for not vigorously regulating the financial industry.