On Wednesday, the newest results from a Rasmussen telephone poll show President Barack Obama’s approval rating at only 19 percent and Congressional approval at only 6 percent, as the public, according to the organization, focuses heavily on the economy.
Related to the dismal economic outlook, another report by Rasmussen that focused on hiring trends found that only 17 percent of those polled — the lowest number this year — reported strong hiring trends in their areas and 24 percent predicted further layoffs from their employers.
The polls also suggest that 62 percent of citizens have little faith in the government to use funds correctly in undertaking government projects aimed at stimulating the economy through infrastructure improvement. Earlier this week Obama appointed Alan Krueger, a proponent of government intervention and project growth as a tool for job implementation, as the head of the White House Council of Economic Advisers. According to Bloomberg, Krueger predicted a slow-moving economy over the long term and advocated growth in government spending on infrastructure last July.
“The recovery does just take time,” he said in the July 1 interview. “There are some things the government can do that would also help, like investing in infrastructure. That would help to reduce unemployment among construction workers and could lead to an increase in consumption and possible [sic] raise confidence and would raise productivity in the future.”
While the U.S. national debt hovers around $14.7 trillion, and could nearly double over the next four years if it continues to follow current trends, an article published in The Baltimore Sun on Wednesday, reports that most Americans have simply lost faith in the ability of government to reverse economic trends.
According to the Conference Board’s monthly Consumer Confidence Index, consumer confidence deteriorated “sharply” this month, bringing consumer confidence to its lowest point in two years.