Poll results released Thursday from Gallup show that just 26 percent of Americans approve of President Barack Obama’s handling of the economy, which is a new low for the President. The President’s approval rating on the economy has sunk 11 points since the polling agency last measured it in mid-May. Previously, his lowest approval rating on the economy was 35 percent in November 2010.
President Barack Obama has wasted little time in fundraising, despite claiming that “it’s not election season yet” at a town hall in Cannon Falls, Minn. Brendan Doherty, an assistant professor of political science at the U.S. Naval Academy and part-time researcher at the non-partisan White House Transition Project, recently looked at fundraising numbers for Obama and the five Presidents that preceded him, and found that the 44th President has held far more fundraisers.
On Thursday, the United States took further steps to work toward putting an end to the Syrian government’s violence against its people. President Barack Obama called on Syrian President Bashar Assad to step down, and issued an Executive Order instituting harsh, new financial sanctions against the country.
The Swiss government took steps Wednesday to weaken the Swiss franc, which has enjoyed record-high strength recently. According to CNBC, the government announced that it wants to inject 2 billion Swiss francs into the economy, in order to combat overvaluation of the currency.
A former Securities Exchange Commission (SEC) official has alleged the agency violated Federal law by destroying the records of enforcement cases it had decided not to pursue. The agency allegedly purged records involving major Wall Street firms, including Goldman Sachs, Citigroup, Bank of America and Morgan Stanley.
The President spent three days this week traveling across the Midwest. He is now facing widespread criticism, though, because his family leaves Thursday to go on a 10-day vacation to Martha’s Vineyard, just one day after the end of his Bus Tour.
On Monday, President Barack Obama, during the first stop on his three-day-long Economic Bus Tour of the Midwest, addressed a recent Federal appeals court decision regarding Obamacare.
On Tuesday, German Chancellor Angela Merkel and French President Nicolas Sarkozy met to discuss the economic crisis facing the euro zone. After the meeting, the two set out joint proposals to strengthen the euro, but stopped short of introducing “euro bonds.”
On Tuesday, five tobacco companies filed suit against the Food and Drug Administration, alleging that larger, more prominent warnings required to be displayed on cigarette packaging and advertising starting in September 2012 violate the companies’ 1st Amendment rights.
Stemming from the public outcry over Representative Ron Paul’s media mistreatment after his impressive Ames performance, some in the media have been forced to admit to Paul’s extending influence in the 2012 election season.