Lack of Hope and Change: Only 25% think economy will improve in the next year

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President Obama's re-election team hardest hit.

(Reuters) — One year before voters decide whether to re-elect President Barack Obama to a second term, a majority have little faith in his handling of the economy but he still leads his Republican rivals, according to an NBC News/Wall Street Journal poll released on Monday.

Nearly three-quarters of respondents said Obama’s administration had fallen short on the economy, on improving oversight of Wall Street and the banks and on the federal budget deficit.

Most of the respondents said the United States was headed in the wrong direction and just 25 percent said they believe the U.S. economy will improve in the next 12 months, the poll found.