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Defying the Odds

Defying the Odds
New book about the 2016 election.

Thursday, April 28, 2011

Bad Numbers for POTUS

CNN reports:

Economic growth slowed to a crawl in the first three months of the year as a spike in gasoline, higher overall inflation and continued weakness in the housing market all took a toll on the recovery.

Gross domestic product, the broadest measure of the nation's economic health, rose at an annual rate of 1.8%, the Commerce Department reported Thursday. That's a significant slowdown from the 3.1% growth rate in the final quarter of 2010.

Most predictions for growth have fallen precipitously over the past several weeks as rising prices spooked forecasters. Economists surveyed by CNNMoney were predicting growth of 2.0% in the first quarter. But some estimates were as high as 4.3% just two months earlier.

Gallup reports:

More than half of Americans (55%) describe the U.S. economy as being in a recession or depression, even as the Federal Open Market Committee (FOMC) reports that "the economic recovery is proceeding at a moderate pace." Another 16% of Americans say the economy is "slowing down," and 27% believe it is growing.

David Lightman writes for McClatchy:

Public disapproval of President Barack Obama's handling of the economy reached a new high in mid-April, according to a new McClatchy-Marist poll, as gasoline prices neared $4 a gallon and Washington lawmakers fought a bitter battle over the federal budget.
Some 57 percent of registered voters said they disapproved of Obama's economic management, while only 40 percent approved. That's the lowest score of his presidency.
"These numbers spell political trouble," said Lee Miringoff, the director of the Marist Institute for Public Opinion in New York, which conducted the survey. "To get re-elected with a 57 percent disapproval rating would be a very tall order."
Meanwhile, public pessimism is growing: Fifty-seven percent of U.S. adults said they thought the worst was yet to come for the U.S economy, up sharply from 39 percent in January. And 71 percent said the nation was still in a recession, even though the slump, which began in December 2007, officially ended in June 2009.

Tom Bevan writes at RealClearPolitics:

As President Obama gears up for his 2012 re-election bid, a new poll of voters in Pennsylvania presents some ominous warning signs for the president. A Quinnipac University poll of 1,366 registered Pennsylvania voters conducted last week shows Obama's job approval rating slipping to just 42 percent, an all time low, while 53 percent disapprove of the way the president is handling his job.

The finding represents a sharp decline in the president's standing in the Keystone State. Quinnipiac's last poll in Pennsylvania, taken just nine weeks ago in mid-February, showed 51 percent of voters approved of the job the President Obama is doing, while 44 percent disapproved.

Perhaps even more concerning to Obama's campaign team is that for the first time a majority of Pennsylvania voters say President Obama does not deserve another term in the White House. Fifity two percent of voters -- including 56 percent of independents -- say Obama does not deserve re-election, while just 42 percent believe he does.

In 2008, Obama carried Pennsylvania by a comfortable 11-point margin over John McCain, 55 to 44.

The Washington Post reports:

More Americans disapprove of President Obama’s management of the war in Afghanistan than support it, according to a new Washington Post-ABC News poll, a finding that reflects the public’s broader concern over the course of the nearly decade-old conflict.

Americans have given Obama wide leeway in escalating the conflict in Afghanistan, which as a presidential candidate he called “the war we have to win.” That latitude is changing — and fairly quickly — as the longer-running of the two wars he inherited approaches the 10-year mark.

In the Post-ABC News survey released Monday, 49 percent of respondents said they disapprove of Obama’s management of the war and 44 percent voiced approval. The disapproval mark is the highest on record in Post-ABC News polling. Overall, the figures have essentially flipped since January, the last time the poll asked the question. In that survey, 49 percent approved of Obama’s handling of the Afghanistan war and 41 percent disapproved.