Gas Prices to End Obama's Poll Uptick

Thursday, 05 May 2011 12:30 PM

By Dan Weil

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
President Barack Obama’s approval rating received a nice boost from the killing of Osama bin Laden – to 47.7 percent in a Newsmax/InsiderAdvantage poll and 57 percent in a CBS/New York Times poll.

But the recent jump in gasoline prices – to more than $4 a gallon in some cities – may snuff out that gain quickly, The Hill reports.

While Obama’s overall approval rating rose, just 34 percent of those surveyed in the CBS/New York Times poll approve of his handling of the economy, the president’s lowest rating since his inauguration.

Gas prices represent the most important depressant for the economy now, says Moody’s Analytics economist Mark Zandi. “The higher gas prices act like a pernicious tax increase on the economy,” he told The Hill.

“Consumers are literally taking their payroll tax cut and putting it into their gas tank.”





© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Jim DeMint: GOP Won't Have 'Mushy, Middle' Candidate in '16

Thursday, 18 Dec 2014 18:42 PM

Several senators and governors eyeing a 2016 presidential bid already have visited with the Heritage Foundation, Preside . . .

Coburn Tells '60 Minutes': I'm Glad We Elected Obama

Thursday, 18 Dec 2014 18:04 PM

Retiring Sen. Tom Coburn, an Oklahoma Republican, said he is glad Barack Obama was elected president during an interview . . .

Report: Hillary Aide Has Skull Session With Warren Supporters

Thursday, 18 Dec 2014 16:52 PM

An adviser to Hillary Clinton reportedly reached out to a group associated with Sen. Elizabeth Warren, who many in the l . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved