Obama hits new low again

The Obama slide continues as the Obama wars drag on and the Obama economy continues to devastate American families.

Okay, okay, I’ll stop acting like I’m writing an RNC press release here, lol.

But, in all seriousness, Afghanistan and the continuing high jobless rate are negatively affecting the president’s job approval ratings, and the slide is serious. Rasmussen Reports indicates that as of today only 44% of the public approves of the way Barack Obama is performing as president. That is the lowest mark of his presidency, and it comes at a time when he could use all the political capitol he could get to help push through the health care package in the Senate.

Unfortunately for Democrats, 56% of Americans oppose health care reform as it is currently being debated. It’s true that much of that majority probably doesn’t know a lot of the details, but then again, neither do the politicians who will actually vote on the measure. Furthermore, from a political perspective, it doesn’t really matter if they don’t know all the details – if Congress passes it and the people don’t like it, those members who voted in support and come from vulnerable districts will have a problem on their hands.

Happy days.

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3 Comments

Filed under Barack Obama, Health Care

3 responses to “Obama hits new low again

  1. The Center Square

    I agree with your various points, Brian. Still, with all these economic indicators heading in the right direction, the argument made by many (not you) that Obama is crashing the economy into the ground is simply unsupportable factually. I agree we have a long way to go, though. I just can’t imagine how we could have made more progress, faster.

    Thanks for the good post.

    http://thecentersquare.wordpress.com/

  2. Brian Johnson

    It’s not that there are zero encouraging economic indicators at the moment, Center Square. However, consider the operative part of the phrase “monthly job losses.” Losses. We’re still losing jobs, and the unemployment rate is at 10.2% the last I checked, which of course is quite high. Your retirement fund might be up a little bit but if you don’t have a job, that’s what matters right now. And too many Americans are out of work. So that’s what I meant.

    Secondly, you do the same thing again when you say that monthly deficits are declining. The key words – again – are monthly deficits. We’re actually adding to the debt, not taking away from it. We’re at record high debt levels, in the $12 trillion dollar range, and that’s a major long term problem that affects real people in real ways.

    Finally, and you probably realize this but it’s worth mentioning, the recent, very modest quarterly growth figure was artificially pumped up by an inefficient, wasteful government program known as Cash for Clunkers. That will probably hurt car sales in upcoming quarters, actually. Any positive number is a step in the right direction, but you’ve got to understand what’s behind it, and put it in context. Let’s see if the trend continues.

  3. The Center Square

    I would like to ask what you mean by “the Obama economy continues to devastate American families,” considering:

    (1) Equity markets have soared by about 59%. After hitting a low in early March just below 6500, the DJIA has risen past 10,300. The S&P 500 is up more than $4 trillion since then.

    (2) Monthly job losses have declined substantially. All through 2008, the net number of jobs shed by the economy grew each month, reaching its worst point in January, when the economy lost more than 700,000 jobs. From that moment forward, the picture has been improving, with net losses shrinking each month to almost none in November. Of course, losses are losses, and so this means that total unemployment has continued to rise. But how can we look at at the trend and not conclude that the jobs market has been heading in the right direction since early 2009?

    (3) Credit markets have resumed functioning in a more or less normal manner; and

    (4) The severe recession ended, at least enough for the economy to grow in the third quarter.

    (5) Monthly federal budget deficits have been decreased by one-fourth. For October 2008, the CBO reported a federal budget deficit of $232 billion. The CBO reports the October 2009 deficit at $175 billion, a reduction of 24.6%.

    http://thecentersquare.wordpress.com/

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