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Disapproval Of Obama's Handling Of The Economy Hits Record
In case anyone was wondering why Goolsbee was the latest sacrifice at the altar of public discontent with Obama's economic "policies" here it is: "Americans' disapproval of how President Barack Obama is handling the economy and its growing budget deficit has reached new highs amid broad frustration over the slow pace of economic recovery, according to a Washington Post-ABC New poll released on Tuesday. The ratings Obama's approval rating bounced to 56 immediately after bin Laden was killed last month. Fifty-nine percent, a new high, gave Obama negative marks for his handling of the economy, up from 55 percent a month earlier. Obama's approval rating on the deficit issue hit a new low of 33 percent, down 6 points since April. The state of the economy poses a huge challenge for the president, whose re-election in 2012 may depend on his ability to convince voters that his economic policies have been successful." Unfortunately Goolsbee's departure means that the one sacrificial lamb left in the Obama economic circle (now that Mark Zandi seems a shoo in for at least one position on Obama's staff), Tim Geithner, will be kept in Obama's back pocket until QE 3 (which will come - Obama has nothing else left up his sleeve) proves to be an abysmal failure and be fired once the Fed's balance sheet hits about $4 trillion, roughly $1.3 trillion higher than where it is now.
More from Reuters:
The survey reflects a broadly pessimistic public mood as high gasoline prices, sliding home values and high unemployment numbers raised concerns about the pace of the U.S. economic recovery, The Washington Post said.
Eighty-nine percent of Americans say the economy is in bad shape; 57 percent say the recovery has not started and 66 percent said the United States was seriously on the wrong track.
Forty-five percent said they trust congressional Republicans over Obama to handle the economy, up 11 points since March.
The poll shows Obama leading five out of six potential Republican presidential rivals but in a dead heat with former Massachusetts Governor Mitt Romney.
Among all Americans, Obama and Romney are tied at 47 percent each. Among registered voters, Romney is ahead 49 percent to 46 percent.
Romney, the Republican front-runner, last week launched his second presidential campaign, saying Obama's economic policies were to blame for America's many economic woes.
The poll of 1,002 adults was conducted June 2-5 and has a margin of sampling error of plus or minus 3.5 percentage points.
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Polls, schmolls. Hillary had a 20 point lead over Obama one year before the 2008 election.
Flipping a coin on who he gets from Government Sacks.
I always laugh when I hear 'Obama's personal approval rating is still high'. Of course, anyone who does not like Obama personally, is a racist.
I can't stand him, but I want people to know it's about so much more than racism. That's just something I'm into for giggles.
Is this not more of an insight into the stupidity of the American public?
Do they think that any man on earth can solve a financial crisis which is built on the fundamantal problem of a credit expansion followed by a massive credit squeeze?
It doesn't matter what you think of Obama - you could have put George Washington back in the Whitehouse - and apart from the massive patriotism it generates - the Economy would still be perceived as 'being badly handled'.
This is where economic reality and public opinion part company - the public expects miracles and they will vote in any fool that promises them.
....which is exactly how a certain man became Chancellor in Germany in the 1930's. The people will vote for anything that gives them hope - even if hope is but a dream.
C'mon, Benny, dont wait, the print button is waiting, you can fix it all with one more hit of that button. Who cares about that dollar, just issue a "new" FRN... whack a few zeros off it, and it wont be like Zimbabwe or anything... Everyone's waiting...
IF Economy improves Obama has a chance to win re-election.
If Economy goes down or stays the same- he is guaranteed to have a win.
Are all your coins heads on both sides?
Can some1 point it out, which President in his first term had a full support of the people at that moment?
It's always easier to judge after he is gone.
All those people that we praise from history, were not really supported by their own time people.
i wander what ass-whole junked the msg. Must be right wing gay member.
Easily the worst president in the history of the U.S., maybe the world.
What kind of idiot do you have to be to grant PBR a drilling permit to come drill off of our shores when we're clearly facing a massive energy crisis?
2013 can't come soon enough!
Hey Picasso, I thought you had to be a left winger to be gay?
Me too, but i am normal republican without the religious bs crap
Me too, but i am normal republican without the religious bs crap
Too bad obama has precisely jack shit to do with the economy and how it is an abject failure
it's profoundly amazing how many people really don't get that.
Just a telepromterin' fool Wall Street puppet front man...
Plug in the next bitch or the same bitch in 2012...
The only change will be in your pocket...
Laomei, you don't read much do you..
How 'bout than Foolsby character,
Like the Chiefe Fool Chris Roemer:
they Know Nothing.
Keynes Economics, keep up printing,
Berflunky of the Elmur FUDD, and Trubo Cheat
Timmy; point up high and scream? The
Plane the plane......idiots, IDIOTS
the country is banktrupt.
maybe we can open some CASINOS...
THIS IS NOT THE PUPPET SHOW I WANTED! >:(
ABC/Wash Post are notoriously skewed polls, as are most of the corporate whore media... Subtract 4-7% before the +/- 3.5% error...
The only voters that count are the JPM's, GS', MS', BAC's, etc. of the world they have more sway in who's voted and implements what measures then the peasantry so he really doesn't have to convince anybody that the economy is good because it's good for his most important constituents-- where he may face some resistance are the republicans that are owned by the oil companies that don't also own democrats-- see that's where hedging comes in handy-- the banks were able to figure out that if they bought both sides of the aisles then nothing really mattered except for a little public bashing here and there. Sitting with tons o' cash in bonuses and in effect running the country/world economy a small price to pay.
I beleive it. The left is mad at him for not being a populist and lberal enough and the right is mad because he wont give more money to the rich than he already has.