Finance Globe

U.S. financial and economic topics from several finance writers.
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Obama Approval Unaffected by Jobs Bill

Obama Approval Unaffected by Jobs Bill

Most Americans are skeptical about whether President Obama’s $447 billion American Jobs Act will actually help the nation’s employment situation, according to a Bloomberg National Poll conducted last weekend. The unemployment rate has stagnated at around 9% since the beginning of the year.

The president’s approval rating has dropped to 45 percent, and Americans disapprove of his handling of the economy by 62 percent to 33 percent - a nine point increase from six months ago, said Bloomberg.

It may just be that Americans have already heard enough about how dumping hundreds of billions into the economy will create millions of jobs. Obama may be a great orator, but America is going to start judging Obama based on his performance rather on than his words, said Bloomberg political analyst Matthew Dowd in a television interview.

Fifteen months away from the 2012 elections, Obama supporters must be nervous about the president’s waning popularity - no president has been re-elected in the past fifty years with an unemployment rate above 7.2 percent. To keep ahead of rumors that could further decrease the president's unpopularity, the Obama Campaign has launched a website called “Attack Watch” so that supporters can tell on anyone making verbal attacks on the president. The motto is “Get the facts. Fight the smears."



Sources:
Bloomberg
AOL News

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Wednesday, 23 October 2019

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