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WP: Trust In Obama On Economy Is Down 14%

From an increasingly concerned Washington Post:

Obama’s approval drops as Americans take a dimmer view of his economic policies

By Jon Cohen and Karen Tumulty | March 13, 2013

The afterglow of President Obama’s reelection and inauguration appears to have vanished as increasingly negative views among Americans about his stewardship of the economy have forced his public approval rating back down to the 50 percent mark, according to a new Washington Post-ABC News poll.

"His stewardship of the economy? Is the ‘disconnect’ finally starting to ‘connect’? Are people finally starting to realize his role in the economy? If so, this signal big problems for Obama and especially Democrat candidates in 2014.

In December, just after he won a second term, Obama held an 18-percentage-point advantage over congressional Republicans on the question of whom the public trusted more to deal with the economy. Now, it’s a far more even split — 44 percent to 40 percent, with a slight edge for the president — but the share of those saying they have confidence in “neither” has ticked up into double digits

So Obama’s approval on the economy has gone down 14% in four months? This is not how things were supposed to have worked. It’s looking more and more like Obama has been hoisted on his own petard sequester.

For the record, this poll oversampled Democrats by 8% (Dem/Rep/Ind/Other = 33/25/35/5%).

Almost two weeks into the automatic across-the-board budget cuts known as the sequester, a slim majority of Americans dis­approve of the reductions. At the same time, nearly three-quarters say they are feeling no impact on their lives, and fewer than half expect a toll on their family finances if the cuts continue.

Again, this wasn’t the plan. People seem to be believing their lying eyes instead of Obama’s fear-mongering. The media had better buckle down and get back to fear- mongering, pronto.

Still, large majorities expect that the sequester will eventually damage the economy, the military and the government’s ability to provide basic services…

A mere 1% reduction in spending will do all of this. While we are supposed to believe that a $600 billion dollar tax increase had no effect on the economy.

Most, 68 percent, say they would like the two sides to work together to come up with a deal to stop the cuts. The desire for cooperation is widely shared across party lines.

We must be out of touch, because we have yet to meet anyone who cares about stopping the so-called cuts.

Asked who is responsible for the sequester, 47 percent say Republicans in Congress and 33 percent say Obama…

And yet his popularity is plummeting anyway.

Obama’s overall job-approval rating stands at 50 percent, down five points from before he took the oath of office in January. Looking along partisan lines, the slippage since then has been particularly pronounced among political independents. Two months ago, independents tilted clearly in his direction, with 54 percent approving and 41 percent disapproving. Now, half of independents express a negative opinion of the president’s performance; just 44 percent approve.

Not the precious independents!

The president has also seen an erosion in confidence among groups that he has counted as core supporters. Compared with a Post-ABC poll in December, the share of liberals who place their faith in Obama over Republicans when it comes to dealing with the economy is 14 points lower; there has been a 12-point slide among women…

So even liberals and women have to live in the Obama economy? No wonder he’s desperately trying to change tactics to appear like he is trying to work with the Republicans. — Whom he will later blame and demonize for spurning him.

At 50 percent, Obama’s overall standing in the poll is lower than that of most other modern second-term presidents at this point in their terms. Of the seven second-term presidents who have been in office since Harry S. Truman, only George W. Bush had a positive rating as low as 50 percent at this stage…

Thanks primarily to the relentless beatings he took from the media.

At a moment when the statistics — a booming stock market and surprising new strength in the job market — suggest a more vigorous economy, many Americans are not themselves seeing progress.

Barely more than half of those surveyed say the economy has started its recovery. And after a brief foray into neutral territory, most Americans again give Obama negative marks on handling the economy. The personal assessments of the economy’s trajectory relate directly to Obama’s overall rating: Seventy-three percent of those who say they sense economic growth approve of the way the president is doing his job, and an identical 73 percent of those who don’t see a recovering economy disapprove of his performance in office…

Wow. The public is finally rousing from its stupor.

But this is Obmaa’s problem. You can’t blame the economy on the last President for six years, then turn around and say the President has nothing to do with the economy.

Nor does the election seem to have produced a lasting consensus on which side is better equipped to figure out what government spending should be cut and what services preserved. When it comes to finding the right balance, 44 percent side with Republicans and 43 percent with the president.

That is to say, more people oppose raising taxes any further.

The poll also confirms one of the political verities of deficit reduction: People may want to see an end to red ink, but there is rarely public support for reductions in popular social programs to achieve it…

There is broader but still limited support for slicing business tax deductions. Most, 56 percent, say they back limiting tax deductions for high-income earners as part of a path out of the sequester. Tax reform is often considered a quid pro quo for reining in entitlement spending, which is a long-term driver of deficit spending.

It’s easy to get people to support tax increases if you call them ‘tax reform.’

A Post-ABC News poll last week found broad opposition to the across-the-board cuts to the military that started March 1 with the sequester, but there is majority support in the new survey for more targeted defense cuts…

We knew the Post would be quick in correcting their last poll. We can’t have anyone thinking people oppose cutting the military.

This article was posted by Steve on Wednesday, March 13th, 2013. Comments are currently closed.

One Response to “WP: Trust In Obama On Economy Is Down 14%”

  1. captstubby says:

    Weekly US jobless aid applications fall to 332,000

    Published March 14, 2013

    | Associated Press

    Fewer Americans sought unemployment aid last week, reducing the average number of weekly applications last month to a five-year low. The drop shows that fewer layoffs are strengthening the job market.

    The Labor Department said Thursday that applications fell 10,000 to a seasonally adjusted 332,000. That pushed the four-week average to 346,750, the lowest since March 2008, just several months after the Great Recession began.

    Applications are a proxy for layoffs. They have fallen nearly 13 percent since November.

    At the same time, net hiring has picked up. Employers have added an average of 200,000 jobs per month from November through February, up from about 150,000 a month in the previous four months.

    let me get this right.

    using the best case numbers,

    “weekly applications last month to a five-year low.”

    “seasonally adjusted 332,000. That pushed the four-week average to 346,750, the lowest since March 2008,”

    346,750 times 4 weeks is 1,387000.

    1,387,000 times 12 months is 16,644,000.

    16,644,000 times 5 years is 83,220.000.
    new unemployment applications?

    “Employers have added an average of 200,000 jobs per month from November through February, up from about 150,000 a month.”

    200,000 times 12 is 2,400,000.

    times 5 years is 12,000,000.
    new jobs?

    83,220,000 minus 12,000,000 is 71,000,000.

    these numbers can’t be right.
    would someone please show me were i screwed up ?
    i never was good at new math.

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