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article imageObama’s approval rating on economy reaches new low

By Lynn Herrmann     Jun 9, 2011 in Politics
Washington - President Barack Obama’s recent spike in popularity after the assassination of Osama bin Laden has vanished just as quickly, with his overall approval rating dropping to its previous level and his approval rating on the economy reaching a new low.
After the killing of bin Laden on May 2, Obama’s overall approval rating shot up to 56 percent, yet just a month later the number has fallen back to its previous level of 47 percent, a new Washington Post-ABC poll shows.
Despite his repeated attempts to assure the nation the economy is improving, roughly six in ten Americans (59 percent) think Obama is doing a poor job with the nation’s economy, up from 55 percent a month ago. Just last week, as new unemployment numbers were released, he told a group of auto workers in Ohio time would help mend their current economic woes, even if it felt like they’d been hit by a truck.
The unemployment rate, part of a recent glut of disappointing economic figures, inched up to 9.1 percent for May, with just 54,000 jobs added. The number was a third of what analysts had expected.
As home prices in the US continue their downward trend and gasoline prices continue their upward trend, pressure is mounting on the president to
Although Obama’ October Surprise came 18 months early, he still has time to regroup and produce a new strategy. The new strategy will no doubt include GOP presidential contenders. The dismal approval rating shown toward Obama over the economy is accentuated when looking at the poll’s numbers on those GOP candidates.
File photo: President Barack Obama disembarks Air Force One at Joint Base Andrews  Maryland  followi...
File photo: President Barack Obama disembarks Air Force One at Joint Base Andrews, Maryland, following his trip to Fort Campbell, Ky.
Official White House Photo by Pete Souza
With the total field of potential Republicans still unannounced, Obama finds himself in a dead heat, nationwide, with Mitt Romney, the current GOP frontrunner. Among registered voters, Obama faces a tougher challenge, with Romney out in front, 49 percent to 46 percent.
Despite the country’s growing pessimism over a president who won the last general election with a facade of hope and change, he still insisted this week the country is on the road to “recovery.”
The poll also shows 89 percent of Americans believe the economy is in bad shape and 66 percent say the country is on the wrong track.
Adding to the president’s woes is the announcement that Austan Goolsbee, Obama’s top economic adviser, is stepping down from his position to return to the University of Chicago for a teaching role. The move leaves Tim Geithner as the sole senior member of Obama’s original economic lineup.
In a news conference this week with Germany chancellor Angela Merkel, Obama said: “We’re on the path of a recovery, but it’s got to accelerate,” the Telegraph reports.
Not since Franklin D. Roosevelt has a president been re-elected when the unemployment rate was above 7.4 percent.
More about Obama, Approval ratings, Economy, United States, Unemployment
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