Washington (CNN) - President Barack Obama's approval rating on how he is handling the economy is at an all time low, according to two new polls.
Four in ten Americans questioned in a CBS News survey, released Tuesday morning, approve of the job the president's doing on the economy, down five points from last month, and the lowest number since Obama took over in the White House. Fifty-four percent say they disapprove how Obama's dealing with the economy. Only 35 percent of independent voters give the president a thumbs up on the economy. According to the survey, three in four think the effects of the recession will last for another two years, or more.
According to the other new poll, an ABC News/Washington Post survey, 43 percent of the public say they approve of how Obama is handling the economy, down seven points from June, with 54 percent saying they disapprove. The 43 percent figure is a new low in ABC News/Washington Post polling.
"Obama's track record on the economy has been an Achilles heel for him almost since Day One," says CNN Polling Director Keating Holland. "Even during the honeymoon period, when he got good grades on virtually every issue, his approval rating on the economy lagged behind his rating on many other issues."
Nearly six in ten questioned in the ABC News/Washington Post poll say they have little or no faith that the president will make the right decisions for the country. But that number rises to 68 percent for those lacking faith in the Democrats in Congress and 72 percent say they have little or no faith in Congressional Republicans to make the right decisions.
The release of the two polls comes less than four months from the November midterm elections, when the Democrats will be defending their large majorities in the House and Senate. They will also seek to keep control of a majority of the governorships.
Just 26 percent of registered voters say they will most likely support their current lawmaker in the House, with more than six in ten saying they may look for someone new to represent them in Congress. A slim majority questioned in the poll say they would prefer GOP control of Congress so that the legislative branch would be able to keep in check the Democratic president. Among those likely to vote in the midterm elections, the margin of those preferring a Republican controlled Congress jumps to 15 points.
The ABC News/Washington Post poll was conducted July 7-11, with 1,288 adults questioned by telephone. The survey's overall sampling error is plus or minus 3.5 percentage points. The CBS News Poll was conducted July 9-12, with 966 adults questioned by telephone. The survey's overall sampling error is plus or minus three percentage points.
time to move to the elder Bush for blame
I don't know how you can disagree with Obama on the economy. Only 10% are jobless – that's less than 12% or 15%. Because of Obama, we are not at 75% unemployment. We should erect a statue for him.
They didn't ask me. I am still a strong supporter. Just ask yourselves,
Who brought us to an economic meltdown and who help us to avert the crisis?
Who got us into Iraq and who is getting us out?
Who ignored Bin Laden and who is going after him?
Who believes that America needs to strengthen the middle class, not the upper class?
I often wonder who gets polled........Nobody asked me and I still approve. Took years to get where we are today and it will take years to fix it. Anybody who says different is well, like Sharron Angle, a wack job!
Well, yeah! Pretty much what I expected from the git-go.
All flash, and no substance.
Any nation whose economy relies on information, banking, and imports is doomed to failure.
The Dems aren't smart enough to see it, and the GOP/TeaParty just wants to make things worse.
Obama has no Administrative experience, never ran a State, a city, a county, a department, he never made Financial decisions, has never been a Manager of any kind so this is the result of a non-experienced person running our country. You can't demand so much of someone that worked as a Community organizer, Author, Professor. Those that think he is doing a great job most likely have never been in Management positions either, never ran a business so they really have no idea.
Now Michelle on the other hand was an administrator that made financial decisions, ran departments, etc... so she's way ahead of Obama.
Just how much can your ego take. You are not as wanted as the
saying goes. When you buy goods they must pass muster or I want a
refund. You had your chance,now is the time to save face and get
another job-but not in the service center as you just do not qualify.
What, no GOPercons here to question the validity and accuracy of the poll and its statistical methodology or maybe point out that "they didn't call me" or "I asked everyone at my bbq party and it was totally the opposite"? Turn those tinfoil hats up to 11 guys.
Just Blame Bush. That seems to be the only position of this increasingly clueless and ineffective administration.
And his ratings will continue to slide... because we elected a nice guy who is totally unprepared for the job... he has no experience in the private job market, no experience in business.. no experience at all! this just proves that a slick campaigner snookered the "Press" and the 52% of the electorate who voted for him.
Uh oh. He better give a speech.
In related news, 99% of economic illiterates overwhelmingly approved of the president on everything he does, and joyously clapped the skin off their hands in an hysterical show of giddy liberal approval. Many nearly clapped their greying pony tails and birkenstocks clean off.
One percent of economic illiterates polled were too occupied with packing their next bong load to bother answering the survey's questions and simply uttered, "Uh... what? Pass the cheetos, Joey, you effer..."
Heaven help us... when will all of you baby boomers just crawl into the ground for a long eternal dirt nap? Then the rest of us can get to work repairing all that you've broken and destroyed these past 45 years, starting with our national dignity.
what did you expect, the mans in over his head. its not all sunshine and rainbows any more now is it?
Part of it is because of the way he is treating Arizona. he has abandoned Arizona on behalf of the "attitude" of mexico. I'm afraid this may realy cost him and the Democrats at election time.
And I disapproved of Bush his entire 8 years and he's the reason we're in this mess. There's no way President Obama can fix everything overnight. It might be well into his second term before most of the damage Bush and Cheney did to this country is dealt with.
Another useless poll taken of less than 1000 People used to representthe millions of Americans voters.
Count me among those who feel Obama is just preening and spinning his wheels. We are getting NOWHERE under his supposed leadership, just stuff like his unwanted Health Care Bill, etc. I can't wait for 2012 to get someone else in there.
This has got to be very disheartening for democrats. Since the 60's democrats have been chirping about how wonderful life will be once we get a full-fledged lib into the White House and in 2008 that dream was fulfilled. Just 18 months into his term it has become obvious to everyone that their liberal gospel that they have clung to for all these years is a total failure.
These are the most lop-sided polls I've seen. In my book the President is handling the economy just fine given what he inherited. People expect the economy to grow overnight. Well they can keep dreaming. We didn't get into this mess overnight. It took 8 years of failed economic policies to bring us to this point. The
three things this guy could do....to turn around the economy.
1) legalize weed....tax it, regulate it, create an industry around it.
2) cut corporate tax to any company willing to relocate here and hire 200 or more full time workers......tax free for 5 yrs.......hire 300 and get 6 yrs.......hire 1000 and get 10 yrs.
3) make prisoners work.....there is a big prison workforce out there.....if they work.....they get time off......if they don't.....time gets added on.........make them work......they could guard the border.
A new car dealing, a man I know from church, told me that cars have been flying off the lot over the past month. A realtor friend of mine, a conservative republican, said she's hasn't been this busy in two years. She's finally making some good money again.
We're expecting great earnings reports from some of the major corporations, and still people blame President Obama for not making everything perfect. Seriously? Do you remember the time period between Oct. 2008 and Jan. 2009??? That was one scary time in America.
The recovery is happening whether you like it or not. Most of us are moving forward, not matter what faux news commentators and cheap radio personalities say.
The same people who will shout that Pres. Obama isn't listening to the American people applauded Pres. G. W. Bush for "sticking to his guns" when the polls showed people didn't like his policies.
I ask myself: what will happen if the power of Washington returns to the Republican Party? My honest answer is frightening, to say the least – more frightening than the increasing American deficits. Wall Street will once again be the careless, wild playground for the rich who will make tons of money, hide their millions in tax havens around the world, and, when another Lehman Brothers-type disaster strikes, go off on luxury vacations, leaving everyone else hanging with global financial blowups, massive layoff slips, foreclosures, marriage breakups...you name it. And this time, because there will be no government rescue for anyone since the Republican Party has been critical of spending tax-payers' money to help the victims of their self-serving, laissez-faire economic policies. No mercy for the poor victims who fall at the expensive of the serve-the-rich-and-powerful Republican Party!
That's a suprise thought it would be more.
He has done everything except take care of business and that's a fact.
This is what happens when you put a person in a leadership role that has never been there before.
Looking out for number one and it's not us.