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Obama Approval on the Economy Hits New Low

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.

Trend: President Barack Obama's Approval Ratings on the Economy, February 2009-August 2011

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.

10 Responses to Obama Approval on the Economy Hits New Low

  1. All of these negative polls stem from the fear that has spread over America like an insidious fog. The fear that you’ll be next to lose your job, fear that any illness or financial emergency will put you out on the street and fear that any day, anywhere, a clever terrorist will slip though the safety net and kill us all, and there’s really no one to help us.

    Well, heck yeah we blame the President for the miserable economy; we didn’t tell them to issue mortgages to everyone regardless of their income, we didn’t tell them to rachet up the defense spending by fighting foriegn wars that we don’t even understand and we didn’t tell them to throw our money around in some of the most ridiculous places or to our enemies


    • I was watching DOWNSIZED on WE last nite–the Bruces live here. They have gotten off stamps and regularized things a bit–thanks also to payment for being on the show, which leaves them with a $18K nestegg. Oh–and the Mom with MS has a second job waitressing. They have seven kids between them (one set of triplets included) and all want cars with their job money. So dad wants to buy another house with more parking and no homeowner’s assn. What got me was why the econ was not mentioned in this regard with one-third of houses out here being upside down–he talked about equity–will he have any ever? The financial adviser says they have no business buying anything. The 10% downpayment would snarf up their nestegg… Then, of course, one child has an asthma attack and a trip to the ER, even with insurance, makes the whole argument moot. This is life in the new millennium, er…folks. Also the $190K house is a handyman’s special, only 1600 sf for 9 people, and when would the husband do his other paying work?

    • One plan will be an infrastructure bank. It’s a great way to funnel taxpayer money to the unions under the guise of putting construction workers back to work. The Democrat operatives have been talking about it on every news channel today.

  2. Perfect time to go on a taxpayer high dollar vacation. That excuse for a job
    speech is the same thing he trots out any time he’s around the folks. Hasn’t
    worked and never will it’s all back room deals with unions and funneling the
    taxpayers dime to his buddies the green energy co’s and unions. Same sh–t
    different day. Turns my stomach.

  3. I’m sorry, but I must take exception to the Gallup poll on Obama’s latest approval rating. I’ll guarantee those numbers are inflated as to his support. Poll must have been taken in “blue states” only.