Tags: Barack Obama | Economic- Crisis | Polls | Obama | Gallup | approval | economy

Gallup: 71% Disapprove of Obama's Performance on Economy

By Newsmax Wires   |   Thursday, 18 Aug 2011 08:51 AM

Americans’ disapproval of President Barack Obama’s handling of the economy has skyrocketed to an all-time high of 71 percent, according to a new Gallup poll.

obama, disapproval, gallup, economyThe mark is tied with disapproval of the president’s handling of the federal deficit, and only slightly lower than the 65 percent who think he is bungling job creation, according to the Aug. 11-14 poll of 1,008 adults.

The economic disapproval is 11 points higher than it was when Gallup measured it most recently, in May, and well above the previous high of 63 percent in November. The 55 percent disapproval of his performance on Afghanistan is up 15 points since May.

The increasing angst about the president’s performance coincides with his declining overall job approval, which fell to an all-time low of 39 percent during the weekend, and inched back to 41 percent in this poll.
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Similarly, Americans' satisfaction with conditions in the United States is tanking, with the 11 percent satisfaction that Gallup records in another poll released today hovering just four percentage points above the all-time low in October 2008.

In addition, the satisfaction poll found that 76 percent of Americans cite economic issues as the most important problem facing the country, the highest percentage since April 2009, according to the Princeton, N.J., polling giant.

The 11 percent satisfaction number is the lowest since December 2008, Gallup said. It represents a five-point drop from July and nine points since June.

“The dip is likely a response to the recent negotiations to raise the federal debt ceiling and continued concern about the national economy amid a volatile stock market,” Gallup’s analysis says. “The recent downing of a U.S. military helicopter in Afghanistan resulting in the deaths of 30 U.S. servicemen could also be contributing to Americans' glum mood.”

The results continue a long slump in national satisfaction, which has been below 30 percent since September 2009, below 40 percent since August 2005, and below 50 percent since January 2004, Gallup says. The historical average satisfaction rating since 1979 is 40 percent. The all-time high was 71 percent in February 1999.

Higher numbers of Democrats, at 19 percent, say they are satisfied than Republicans, at 9 percent, and independents, at 8 percent.

The most commonly mentioned specific problems are the economy in general, at 31 percent; unemployment or jobs, at 29 percent; and the federal budget deficit and federal debt, at 17 percent.

___________________________________________________________

The ‘Unthinkable’ Could Happen — Wall Street Journal
More than 1 million Americans have heard the evidence for 50% unemployment, 90% stock market crash, and 100% inflation. Be prepared. Watch the Aftershock Survival Summit Now, See the Evidence.

_____________________________________________________

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