Only about one in four Americans approve of the way President Obama is handling the economy, a new low, according to a newly released Gallup poll.
The 26 percent approval on the economy breaks the November 2010 record of 35 percent and is down 11 points from the last time Gallup asked the question in mid-May.
Obama’s overall approval rating is also hovering near its lowest point ever, having risen today to 40 percent from the record low of 39 percent that was originally set Sunday.
Obama is at 24 percent approval for handling the budget deficit and 29 percent for creating jobs, according to Gallup.
The president plans to talk about jobs pretty much nonstop over the next six months. Whether he will be creating any is not clear at the moment.
He’ll start next month with a “jobs” speech in which he’ll propose “a broad package of tax cuts, construction work and help for the millions of Americans who have been unemployed for months,” according to the Associated Press.
To pay for his jobs ideas, Obama will challenge the new “super committee” in Congress to go well beyond its goal of finding $1.5 trillion in deficit reduction, with part of the savings used to cover some of his economy-jolting help without sinking the nation deeper in debt. But there, too, Obama already faces trouble from Republican members who have ruled out tax hikes.
So we’re back to proposing stimulus spending. This is good news for Republicans, since stimulus spending isn’t popular and doesn’t work, but bad news for the country.