August 23rd, 2011 by admin

According to a Gallup poll released on Wednesday in the aftermath of a bruising fight with Congress over federal spending, the approval of President Barack Obama’s handling of the U.S. economy has fallen to a new low of 26 percent.

Approval of Obama’s handling of the economy fell by 11 percentage points from 37 percent in mid-May.

From in.finance.yahoo.com:

The president had similarly low approval ratings on other economic issues. Only 24 percent of Americans approved of Obama’s handling of the federal budget deficit, while 29 percent approved of his efforts to create jobs.

The poll came two weeks after Congress and the president agreed on a deal to cut U.S. federal spending following a bitter political struggle that took the government to the brink of a potential default.

The president’s overall job approval rating among voters questioned Aug. 11-14 was 41 percent, slightly lower than other polls conducted in August.

Approval for Obama’s handling of the Afghanistan war was also sharply lower. His ratings have fallen by 15 percentage points since mid-May, when they hit 53 percent after the killing of al Qaeda leader Osama bin Laden.

The poll was based on 1,008 telephone interviews with adults in the United States and had a margin of error of plus or minus 4 percentage points.

Tags: approval ratings, Barack Obama, create jobs

August 20th, 2010 by admin

It will take a few years to dig the United States out of the recession, a campaigning President Barack Obama said this Tuesday.

Obama is eager to put a human face on his contention that the US is bouncing back, thanks to resilient success stories and help by the government. But the president is expected to have a tough time with millions of people out of work and economic growth still on the slower side.

From Timesofindia.indiatimes.com:

The president’s economic outlook, coming in the heat of a divisive congressional campaign, reflected his tricky political reality. He must try to persuade people soured by the sagging economy that they should re-elect Democratic leaders now, but he also is laboring to get voters to measure his efforts with a long view, as he looks ahead to his own re-election campaign in 2012.

Darting into Seattle to stir up enthusiasm and cash for Democratic Sen. Patty Murray, Obama spoke as a president whose agenda is on the line. He has pushed through all his big legislative items with virtually no Republican backing.

Obama’s heavy fundraising tour, touching just about every region of the country in three days, underscores the stakes of the November election. It is one that will be seen as a referendum on Obama and on Democratic control of Congress.

Obama said that 8 million jobs will be brought back in the next few years to take the US fully out of the recession.

Tags: Barack Obama, economic growth, economic outlook, Obama, recession