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.
Wow, big surprise? We expect he will get clobbered on the economy since there are so many people out of work. But if all the stupid voters out there want to blame him for the mess we are in and vote for the tbaggers and Republicans, then the mess will get even worse and they will be cutting off their nose to spit their face. But go ahead, "punish" President Obama for not turning the economy around in less than two years. Vote back the Republicants who started the mess in the first place. If all the lazy Dems. sit home on their butts come the mid-term elections instead of getting out to vote for the Democratic candidates, they also deserve what they are going to get – another Republicant Mess.
We the people...will take back our country one politician at a time! I'm not a democrate, republican, independant, or tea party. I'm a US citizen who is fed up with politics.
Of course the effects of the recession are going to last another two years or more. It was never going to be otherwise in the best-case scenario. The rule of thumb is three-plus years at a minimum for systemic tweaks and stimuli to have any large-scale effect. And that presumes they are well designed and well-targeted–which is a tricky business, since the system is incredibly complex and no two situations are the same. It's the price you pay for having a largely private economy. People who complain about "big government" and then say "government isn't fixing it" are just trying to have it both ways. Doesn't work that way . . .
So what President Obama is still the man. President Obama has dealt with difficult policies that were uncertain but he got them done. We do not want to go backwards only forward and the repigs are trying to send us back in the old days. I don't think so. Keep pushing your agenda President Obama you have mad support out there.
In this day & age of micro wave ovens, high speed internet and all of the other instant right now stuff, people don't realize that there are still things that take time. With what he had to start with, I think that President Obama is doing a very good job.
I wish the poll was taken from the economists who understand very well how bad it was, and how much it has improved. The rest of us are responding to the way we feel and not knowing what has been done, what is to be done, how long it will take to get back to normal and what are the signals that it has recovered.
Who are the people the pollsters ask? Once again, nobody asked me. President Obama is doing a hell of a lot better than the loser we had for 8 yrs and got us in the sink hole.
No big surprise. Obama's economic policies are the same ones that are bankrupting the EU right now. And the republicans are not able to get anything done because the dems won't let them have a say in any bill.
"Obama's track record on the economy has been an Achilles heel for him almost since Day One," says CNN Polling Director Keating Holland.
Americans certainly did not vote for Obama because of any indication he knew how to fix the economy or that he had a convincing plan. Obama won the election on an ati-Bush vote, which was an interesting choice because President Bush was already defeated by term limits. Okay, there was the whole historic part of the election which I think was wonderful, but now we pay. 2.5 more years. Ughhh!
I don't think it's Obama that's sending our jobs to Countries that are being exploited for their cheap labor, and non-exsisting environmental and labor laws.
Fix the economy without spending any more money, and do it while you are standing on one leg. Hurry up about it, and don't let the government interfere with the private sector by bailing anyone out. And give me a pony while you are at it.
Is this REALLY A SURPRISE?? This traitor and his crew shouldnt even be where they are. They lied, cheated and conned the American people into buying thier load of BS only to turn around and jam hardcore leftist policies down our throats that wont work, never have worked and are a complete disaster before they are even implemented.
I was never fooled by Obama's smooth speeches (written by someone else). His approval rating with me was zero before he even took office. You people who voted for this no-experience smooth talker have wrought great havoc on our country and it isn't over yet.
Actually, Obama is a new low in American politics.
HE DON'T LISTEN – THis is what's pi*sing everybody off. And he is convincing his administration not to listen to the people as well. So we the people see an administration that is totally against the "MAJORITY" of peopl.
Low ratings?????? You bet, see ya in Nov.
CBS says Obama's / Gibb's messages to America "Not Sticking"
That's because nearly half of this nation didn't believe the lies to start with the the other half found out that empty suits can't keep the Kool-Aid pitcher full.
Now everyone (nearly) is awake to the fact that BOTH parties have lied and blustered and raped America to the tipping point. The reckoning is coming!
He is doing the best he can. He was handed a "Depression Almost" he can only do so much. The Tea Party (rallies not even 3 months into his Presidency), and Faux News bashing him. Where were these two organizations when Bush was getting us into this mess?!?!? Now they want to march and complain?!?!?!?
If he really wanted to destroy our economy ... what would he do differntly ? He's turnning this into a depression and will blame the republicans who have NOT had control from Jan 2007 Thats 3.5 years people! 4.5 % unemployment to 9.7 % in3.5 years . Day 83 and he has yet to recend the Jones act to help the gulf . talk about unemployed . Yall come down here and enjoy some obamanomic's
We haven't even felt the wrath of his economic policies either. That will be hitting from 2011 to many years to come.
Whatever happened to plans to end the tax credits used by U.S. corporations to ship our jobs overseas? The outsourcing of jobs has gotten even worse the past few years, to the point even white collar jobs are getting eliminated. American jobs are cut to increase corporate profit margins..then replaced in 3rd world nations or communist China.
Stop selling-out America and shipping OUR jobs to other nations in the interest of raising profits margins a couple points so the billionaire elitist can buy more jets, golf courses, and mansions while we eat dirt.
Maybe America is starting to wake up to the facts... Obama and the status quo aren't cutting it.
It is because he is siding with the immigration law againist it's own nation. If he continues this route I would not be voting for him next election. Side with the law and make it right for all Legal citizens of this great nation. Don't let other nations like: (Mexico's President) come here to tell us how to handle our laws. It's was a sad day for me that day! Watching our President agreee with this dictator.
OK....Obambi is way down in the polls concerning the economy......my bet is we will be getting his economy "fix" in a very few days. Do you know what his "fix" will be? A Speech! This "empty suit" is good for nothing but a good speech!
Be sure to turn the lights out!
I think this is very unfair judgement of Obama's handling of the economy. The previous administration left the economy in terrible le shape, the likes of which we have not seen since the Great Depression. It took the US several years and a world war to crawl out of.
Most every economist I have listened to say that this will be a jobless recovery, jobs will be slow to come back. We would be far better off if our legeslators would work within that context, rather than get all of the political gain they can out of the situation.
ya think !.. no jobs.. no money.. not much hope... the worest president ever ...the liberal tv media got this guy elected ... they pull the sheet over the voters eyes....never again,,,,