What Recession And Financial Crisis?

Oklahomans rate the State's economy better than the national economy and Oklahoma banks better than national banks according to a recent poll

OKLAHOMA CITY - A new survey released today finds that an astounding 83% of likely voting Oklahomans feel the Oklahoma economy is better than the national economy with 29% rating it as much better and 54% rating it as slightly better.

More than 80% of Oklahomans also believe that, given the current financial conditions of national banks, Oklahoma banks are in better financial condition with a little more than one in three respondents rating Oklahoma banks as much better than national banks.

SoonerPoll.com, Oklahoma's public opinion pollster, conducted the telephone poll of 339 statewide likely voters February 27 - March 4, and was commissioned by the Oklahoma Bankers Association. The margin of error for the survey was 5.3%.
When asked about how safe they believe their money is in Oklahoma financial institutions, 49% of respondents believe that their money is very safe with another 47% saying somewhat safe, and less than 2% feel their money is not safe.

The number of respondents in the state applying for credit with an Oklahoma financial institution to purchase a car or truck in the last 90 days was 4.1% and created a relatively small sample size for determining the level of difficulty in getting the loan. However, 79% of respondents reported no difficulty in getting the loan (compared to 14.3% reporting difficulty) and, with a larger margin of error of 26%, the scientific results indicate that the well-publicized national credit crisis is not impacting Oklahoma.

Further analysis also shows that lower income respondents, under $25k per year, were about 20 points less likely to say the Oklahoma economy was better than respondent making over $100k. However, there were no real differences in the respondents views of the safety of Oklahoma banks when considering the respondent's income.