July 23rd, 2010
12:30 PM ET
13 years ago

CNN Poll: Obama's approval on economy drops to new low

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/07/23/art.obama.0723y.gi.jpg caption ="President Obama’s approval rating on the economy is down to 42 percent, according to a new CNN Poll."] Washington (CNN) - Americans approval of how President Barack Obama is handling the nation's economy has dropped to its lowest level of his presidency, according to a new national poll.

A CNN/Opinion Research Corporation survey indicates that 42 percent of the public approves of how Obama's dealing with the economy, down 2 points from March, with 57 percent disapproving of his performance on the economy, up 2 points from March. The survey's Friday release comes as the president made comments at the White House on what he termed the progress made this week on the economy and job recovery.

Full results [pdf]

The poll suggests a wide partisan divide on the issue, with nearly eight in 10 Democrats giving the president a thumbs up and nearly nine in 10 Republicans disapproving of Obama's job on the economy. According to the survey, two-thirds of independents disapprove of the president's economic performance.

"The public hasn't given Obama good marks on the economy since last September, and his approval rating on the economy, now at 42 percent, has been stuck in the mid-to-low 40s throughout this year," says CNN Polling Director Keating Holland. "Part of the reason for that is that Americans haven't seen much to cheer about on the economic front. Nearly eight in ten say that economic conditions are somewhat poor or very poor."

While there were some vague signs of optimism in poll results earlier this year - when the number of Americans who said that the economy was in "very poor" shape had been slowly but steadily declining - that seems to have fizzled. Thirty-seven percent said things were in poor shape in our May poll; the same number feel that way now.

"Nonetheless, the Democrats are winning the battle for public opinion when it comes to deficit reduction versus job creation. Only a quarter say it is more important for the Obama administration to focus on the deficit; 74 percent say that creating jobs is more important," adds Holland.

Thursday the president signed the Unemployment Compensation Act of 2010, which restores unemployment benefits to two and a half million Americans who lost their jobs in the recession. The Republicans argued against the legislation, saying that the Democrats bill would add to the country's already massive budget deficit.\

According to the survey, the economy remains the No. 1 issue on the minds of Americans, with nearly half saying it is the most important problem facing the country. Only one other issue, the deficit, cracks double-digits, but only 13 percent pick the deficit as their top concern. Immigration, health care, and the wars in Afghanistan and Iraq trail far behind.

The CNN/Opinion Research Corporation national poll was conducted July 16-21, before the passage of the extension of jobless benefits but after passage of the Wall Street and financial reform legislation. One-thousand and eighteen adult Americans questioned by telephone. The survey's overall sampling error is plus or minus three percentage points.

–CNN Deputy Political Director Paul Steinhauser contributed to this report

Filed under: CNN Polls • Economy • issues • Popular Posts • President Obama
soundoff (93 Responses)
  1. Chas

    Once again – WHO IS CNN POLLING? Can't be a real cross-section of REAL Americans – that's for sure. Is CNN trying to swing the mid-term elections toward Republicans so CNN has something to report?
    CNN and other news media are to blame for the lack of tourism in the Gulf Region including the panhandle. Sensational journalism run amuck!

    July 23, 2010 01:51 pm at 1:51 pm |
  2. vic

    Democrats will hold the majority in November

    Election year republicans are saying we have to reduce deficit , supporting Arizona immigration law and small government nice to hear but there is no clear plan how to reduce deficit how to crate jobs
    People are rage there is no jobs but republicans are blocking the unemployment benefit
    Minorities are rage republicans are not condemning the racial comments

    When the election day come republicans will learn lot of lessons

    July 23, 2010 01:54 pm at 1:54 pm |
  3. inofritzn

    CNN poll so take 10 points off

    July 23, 2010 01:57 pm at 1:57 pm |
  4. Atlanta

    Not surprising. He has lost the suppor t of independent voters. He can not win without them!

    July 23, 2010 01:57 pm at 1:57 pm |
  5. Gil

    Gee, does that even come close to the 19% that GW had?

    July 23, 2010 01:58 pm at 1:58 pm |
  6. Sandra, Atl

    Is this any surprise on the Republican side? They only listen to the 'hate masters' and masters of deception 'entertainers' such Beck, Limbaugh, etc. and FOX news who only report what they perceive as something against what the Obama administration is doing. I also fully believe that big business is in bed with them.
    There doesn't seem to be anyone out there who listens to anything positive.

    July 23, 2010 02:01 pm at 2:01 pm |
  7. works for me

    Let's face it he's damned if he does and damned if he doesn't. Just what would people like to do??? He just can't s**t jobs...

    July 23, 2010 02:01 pm at 2:01 pm |
  8. Steve- Illinois

    How can this be? You Americans are just ungrateful! He passed the stimulus! He passed health care reform! He passed financial reform! It's not Obama's fault! All you libs insisted that trickle up would work! Now that the money is spent, the economy is still in the toilet, and you dare to blame Obama? Shame on you!!!!

    Any other great ideas Dem's?

    How about this for one......stop spending like drunken sailors!!!

    You spend yoursdelf INTO bankruptcy! Not OUT of it!!

    Common Sense!

    July 23, 2010 02:02 pm at 2:02 pm |
  9. free market capitalism does NOT = democracy

    Get the green energy jobs going!....
    Single out republicans, draw them out, roll over them, we will vote them out as they stand in front of a jobs package in energy............
    Fight vehemently against the republicans...... we can't afford to go back to the bush days where the republicans lost a million manufacturing jobs over an 8 year period, started two unfunded wars, deregulated wall street, big oil, big insurance and caused this recession.........

    July 23, 2010 02:08 pm at 2:08 pm |
  10. Indepedent for Obama

    This Independent approves of what President Obama has done. We will never have the jobs or economy we once had. The past economy was based on Greed and Fraud. People buying houses, cars and toys they could not afford, being paid obscene salaries for defrauding others. Don't blame President Obama, blame corporations. Corporations will not hire when they know they can have 1 person do 3-5 jobs that were once filled by others. Some people have no one to blame but themselves for living beyond their means. Have a Blessed weekend.

    July 23, 2010 02:08 pm at 2:08 pm |
  11. gt

    42% are you kidding me ... are these people nuts.. they need to get out more and stop listening to those talking heads... its no better now than it was 12 months ago....were hurting and all obama does is blame someone else...get to work...

    July 23, 2010 02:09 pm at 2:09 pm |
  12. all the news that's fit to omit

    Also in the poll, 90 percent of blacks think everything is great, but when you get handouts who wouldn't agree?

    The other 10 pecent of the blacks are the smart ones who have achieved not through handouts and excuses, but hard work and determination, we also call them Tea Party Conservatives.

    I also proudly call them my friends.

    Truth hurts.

    See you in November and VOTE for Allen West for Congress.

    July 23, 2010 02:11 pm at 2:11 pm |
  13. Big George in Big D

    Another low – how low can you go?? Not low enough to suit me – four and the door will suit me just fine!

    July 23, 2010 02:11 pm at 2:11 pm |
  14. diridi

    it is all bogus...he needs to pass energy and climate reform and immigration....tighten the immigration, we will be alright....i noticed lot of changes in banking eversince passed is the financial reform...way to go.....good luck.....just like GOP, tea party are thugs...do not trust....idiots...they are...

    July 23, 2010 02:13 pm at 2:13 pm |
  15. willie thomas

    The us will fall as rome did,soon, because of so much unmerited hated in our countery.

    July 23, 2010 02:18 pm at 2:18 pm |
  16. JFK

    When you expect too much, your always going to be disappointed! No matter the outcome. Most people arent able to grasp the amount of problems we face and no matter who got this thankless job, could not possibly fix it all overnight. Lets be real folks! Doesnt matter if McCain got it or Hillary. They all would be faced with the same plate full of problems all at once. We would still be complaining too. We all want it right now!! Welcome to the McDonalds generation!

    July 23, 2010 02:19 pm at 2:19 pm |
  17. Four and The Door

    42% of people polled approve of what Obama is doing with the economy? He is borrowing trillions of dollars to try and buy his way out of unemployment, the housing crisis and financial industry meltdown and none of it is working. How are 42% of people satisfied with this plan? They just don't care?

    July 23, 2010 02:20 pm at 2:20 pm |
  18. normajean

    You are saying that the larger number of disapprovals is from the Republicans. "Well now, just how about that" Surprise? I don't think so . Do I care ? NO.The presidents approval rate has gone and will go up and down as we attempt to single handedly get this great country back in order. The Repubs have nothing to say of importance because they have done absolutely nothing to help for over 18 months. You non believers just try to name ONE thing. {I mean beside complain and obstruct}.We will stick with President Obama as we move upwards!

    July 23, 2010 02:23 pm at 2:23 pm |
  19. Darth Vadik, CA

    With a depression in a full swing, I'm surprised the numbers are not at 20% approval for the President, 5% approval for the Democrats and 0% approval for the big business loving Repulitraitors.

    But these will change, Obama still has higher numbers than Clinton and Reagan had at their 18 month points, so take that to the bank for what it's worth.

    July 23, 2010 02:26 pm at 2:26 pm |
  20. willie thomas

    This country is a mixture of all races of the world, not just anglo-saxtans and african-slaved people (of america).

    July 23, 2010 02:26 pm at 2:26 pm |
  21. JG

    That's ok...let's blame Bush for Obama's poor performance on the economy and his poor ratings as well.

    July 23, 2010 02:28 pm at 2:28 pm |
  22. ToughLove

    Bush was a fiscal liberal. Obama is Fiscal Bush on steroids. What we need is a conservative economic leader!! Libs/Dems talk about "going back to what got is in the first place" when voting for Repubs but all we've done is gone FURTHER in the same direction as where Bush led us. More incredible spending. Soon it'll be even worse with more taxes. Unions rule the roost. We need change for the better, not change for the worse.

    July 23, 2010 02:33 pm at 2:33 pm |
  23. DagnyTag

    The TARP bailout was $700 Billion, and this week we learned that it ballooned to $3.7 Trillion. Shocker, I know (see Health Care; we’ll just keep “learning” about it as it rolls out, right Nancy and “transparent” administration?? (sarcasm fully intended).

    How many at CNN (or any of the rest of the mainstream liberal media army of this administration) covered the FACT that this week, the GAO announced that TARP's price tag has gone from $700 Billion to $3.7 Trillion dollars and that the increase is SOLEY due to lending to Fannie Mae and Freddie Mac??? Or did they bother to discuss the fact that NEITHER of those organizations is covered in the new Financial “Reform” Act, signed this week (nada; nothing)?????
    Too big to fail? Not if you're part of Count Baracula Corrupticago's 'Goin Big' Govn't Pork Express-Private Sector Terminator' agenda.

    For further reference on key contributors to the housing meltdown: See Barney Frank /Chris Dodd, (who this “financial reform bill” was named after/N.I.N.A. (no income no assett loans) Fannie/Freddie and Dem control of Congress since ’06.

    Question Libs: w/out saying the word “Bush” in your reply, can you guess who’s going to pay (again) for this 2,300pg government lobbyist/regulation exponential expansion monstrosity (more f’ng big govn’t, AGAIN)??

    Jobs anyone? Nope, 2yrs of wide reaching private sector power grabbing and takeover. See how well the market responds to THE PROGRESSIVE LIBERAL ESTABLISHMENT EXPERIMENT (PART II). See how well states are doing that are liberal bastions. Hmmmm, weird huh?

    Such moronic self righteous, arrogant, h-y-p-o-c-r-i-t-e-s.

    Your drama, perversion and molestation have been something NOT to remember. See you in NOVEMBER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    July 23, 2010 02:35 pm at 2:35 pm |
  24. Gaylon Barrow NOT ASHAMED for the truth!!!

    You can't make an Erkel into an Einstein. This man has no clue how to run government. He has no experience nor know how to run a ship of fools. But he does know how to throw a party for them and spend taxpayers money foolishly.

    July 23, 2010 02:35 pm at 2:35 pm |
  25. Stephanie

    Why no polls on how people feel the republicans would do on the economy or how people feel about how congress is doing on the economy.? Where are the demographics and questions of these polls you ahave been touting all week? First year statistics courses teach that a poll is useless without that information.

    Why aren't you reporting on what he has accomplished this week? Aren't you supposed to be a News source...ie tell us the facts rather than what to think?

    CNN has become Fox Lite.

    July 23, 2010 02:37 pm at 2:37 pm |
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