Google AdSense Earnings Down in July 2009?

There are dozens of threads at the Google AdSense Help forum and a thread at WebmasterWorld with complaints from publishers that their July 2009 earnings are way down, relative to past months.

There are of course a few publishers who are noting that their earnings are actually up. But like most threads, people only come to complain and those that complain, are those that have seen their earnings drop.

So I ask you, the publisher, are your earnings up or down in July 2009? Please take our anonymous poll:

Forum discussion at WebmasterWorld.