Majority of Americans Say Obama’s Failing Economic Policies Are Failing
U.S. GDP growth sunk to 1.8 percent annual rate in the first quarter of 2011 after a 3.1 percent fourth quarter rise. Weekly claims for U.S. jobless benefits “unexpectedly” jumped to 429,000 in the April 23 week.
The continued bad news is starting to take a toll on the president’s approval ratings.
A majority of Americans disapprove of Barack Obama’s failed economic policies.
Public disapproval of President Barack Obama’s handling of the economy reached a new high in mid-April, according to a new McClatchy-Marist poll, as gasoline prices neared $4 a gallon and Washington lawmakers fought a bitter battle over the federal budget.
Some 57 percent of registered voters said they disapproved of Obama’s economic management, while only 40 percent approved. That’s the lowest score of his presidency.
“These numbers spell political trouble,” said Lee Miringoff, the director of the Marist Institute for Public Opinion in New York, which conducted the survey. “To get re-elected with a 57 percent disapproval rating would be a very tall order.”
Meanwhile, public pessimism is growing: Fifty-seven percent of U.S. adults said they thought the worst was yet to come for the U.S economy, up sharply from 39 percent in January. And 71 percent said the nation was still in a recession, even though the slump, which began in December 2007, officially ended in June 2009.
UPDATE: More bad news for BO… Obama approval at an all-time low (53% disapproval) in Pennsylvania.
More… The dollar is at its lowest rate since 2008. Thanks Barack.