On economy, voters give Obama middling marks
May 11th, 2012
10:23 AM ET
6 years ago

On economy, voters give Obama middling marks

(CNN) – Voters are largely split when assessing President Barack Obama's handing of three major economic issues, according to a poll released Friday.

The ABC News/Washington Post survey showed that among all Americans, 47% have a favorable view of Obama's economic stimulus program, compared to 48% who see the plan in an unfavorable way. The plan – enacted in 2009, soon after Obama took office – directed increased federal spending on infrastructure, education, and expanded unemployment benefits.

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Three years later, signals of an economic recovery are mixed. The unemployment rate has fallen, but huge numbers of workers have dropped out of the workforce. As Friday's poll indicates, voters are near-evenly divided on the success of the stimulus in improving the country's economy.

Obama's loans to the U.S. auto industry – a persistent topic on the campaign trail – fared slightly better among the poll's respondents. Fifty percent of Americans viewed the loans favorably, and 43% said their stance was unfavorable.

General Motors and Chrysler accepted a total of $80 billion in federal loans, though a portion of that was administered under President George W. Bush. The higher favorability rating for the auto loans may be linked to improved performance from American automakers - in February, GM announced record annual profit, and regained its position as the world's largest automaker.

A third item, Obama's increased regulation of the financial industry, also received mixed reviews from Americans. Forty nine percent viewed the regulations favorably, and 44% viewed the new rules unfavorably.

The Dodd-Frank bill passed a Democrat-controlled Congress in 2010 and was subsequently signed into law by Obama. The measure put in place new financial reforms intended to prevent the sort of risky trades that sparked the economic crisis. Republicans say the rules go too far and restrict American enterprise.

In the poll, a partisan divide was present on all three questions. Democrats were largely supportive of Obama's performance on the economy, and Republicans mostly viewed his performance unfavorably.

Independents mirrored the results as a whole – divided between viewing the president's performance favorably and unfavorably.

The ABC News/Washington Post poll was conducted by phone from May 2-6, and surveyed 1,006 adults nationwide. The sampling error was plus or minus 3.5 percentage points.

Filed under: Economy • President Obama
soundoff (31 Responses)
  1. NVa Native

    And the bubble-boys of the right are still trying to bully Americans into accepting their fantasy that the GOP/Bush Recession is because of our current President’s policies?
    The GOP is so out of touch that they don’t understand that Americans don’t give in to bullies.

    May 11, 2012 11:41 am at 11:41 am |
  2. The REAL Truth...

    @BEND – "Record levels of unemployment for record lengths of time get a thumbs up??? THIS IS CRAZY!! WE CAN DO MUCH BETTER!!!:
    We certainly can do better. For that to happen we need to get past the vitriolic, partisan Grand Obstructionist Party's do-nothing dogma, clueless flip-flopping TeaPugs candidates (IOW -vote them out in Nov) and let Obama continue with rebuilding the TOTAL disaster he inherited from Dubya in 2008. You can't fix broke overnight....

    May 11, 2012 11:45 am at 11:45 am |
  3. Doug Tallman

    He had 2 1/2 years to pass a budget when he owned the house and the senate,,how can it be rep.obstructionism. He should have gotten busy when he owned both houses so please layoff the Rep. blocked everything excuse.

    May 11, 2012 11:48 am at 11:48 am |
  4. lrpgirl

    The BIG DEAL is his half-hearted and callous apology. It amazing that the other men who participated in Mitt's assault are remorseful and truly sorry. They know what they did was wrong and was haunted by it. The fact that Mitt does not care and says it was a childish prank speaks volumes. He hurt someone emotionally and physically. The person he hurt had to live with the pain and humiliation. A 65 year old Mitt as a so-called Christian should know that he hurt someone and should be remorseful. But he doesn't even care! That's why it's important.

    May 11, 2012 11:51 am at 11:51 am |
  5. The REAL Truth...

    @Jolly – The economy was on the right track until this lousy hollywood president delegated governing to msnbc and Valerie Jarret!!
    Seriously??? You just labeled yourself as another right wingnut hater. Where the heck were you living in 2008 when gas prices hit $4, when the POTUS (Dubya) posted a $1.$ TRILLION Deficit, rushed in his now INFAMOUS tax cuts for the wealthy, signed the $850 BILLION TARP bailout and was hemorraging 700,000 jobs lost a month ??
    Must have been on Mars, 'cus that's how far out there your comments are. Typical right wing vacuous amnesiac revisionist version of history.. Sheeshh...

    May 11, 2012 11:51 am at 11:51 am |
  6. Steve

    I find it real interesting that this story is coming out now. I also find it interesting that the Washington Post, who came out with this story NOW, has not printed about the girl Obama Bullied while he was a kid in school.

    May 11, 2012 11:52 am at 11:52 am |
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