Independents Balk on Debt Deal

Thursday, 04 Aug 2011 06:17 AM

By T.M. Golub

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Despite President Barack Obama’s belief that independents would be pleased with the debt-reduction compromise, his approval rating among the unaffiliated has tanked during the crisis, reports
Presidential approval ratings among independents have slipped 16 points in recent months to 36 percent, with only 31 percent saying they would vote for the president next year. Obama is seen as banking on the unaffiliated vote, as he did with great success in 2008.
The market slide since the deal announcement is another example of the confidence lost in both a sputtering economy and exhaustive negotiations amongst lawmakers to avert a default and credit-rating downgrade, says.
In the days since the deal was confirmed Sunday night, the market has ceded all its gains for 2011, a sign the public and the markets are skittish looking ahead to 2012.

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