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.
In its analysis of the poll results, Gallup mentioned that Obama’s overall approval rating is in decline.
“President Obama’s approval rating has dwindled in recent weeks to the point that it is barely hugging the 40% line. Three months earlier, it approached or exceeded 50%. History will remember this period for the messy political debate in Washington over the debt ceiling, followed by distress on Wall Street and tragedy in Afghanistan,” the analysis read.
“How much each of these factors is responsible for the overall decline in Obama’s approval rating is unclear. But Americans’ unhappiness with each of them is reflected in recent declines in Obama’s specific job ratings for the economy, the federal budget deficit, and various foreign policy measures, as well as in his markedly low rating for creating jobs.”
“The silver lining for Obama — and there is usually some kind of silver lining — is that most polling we’ve seen still lays the blame for our current economic morass at the feet of people other than him,” read a blog for The Washington Post. “The question is whether the next 15 months change that equation — whether the intense scrutiny of a presidential campaign coupled with the monthly drumbeat of economic numbers that even Obama allies acknowledge won’t be stellar transfer blame to the current occupant of the White House.”