4/28: Obama’s Handling of the Economy at All-Time Low

April 28, 2011 by  
Filed under Featured, Money, Money Vault, State of the Economy

Registered voters nationally are not satisfied with how President Barack Obama is handling the nation’s economy.  According to this McClatchy-Marist Poll, four in ten voters — 40% — approve of how the president is dealing with the country’s economy while nearly six in ten — 57% — disapprove.  Only 3% are unsure.  Mr. Obama’s approval rating on the economy is the lowest of his presidency.  His previous low was last September when just 41% gave him a thumbs-up on the issue.

President Barack Obama

whitehouse.gov

Click Here for Complete April 28, 2011 USA McClatchy-Marist Poll Release and Tables

When Marist last reported this question in January, voters divided.  At that time, 44% approved of how the president dealt with the economy while 48% disapproved.  Eight percent were unsure.

“These economic numbers could spell trouble for President Obama’s re-election prospects,” says Dr. Lee M.Miringoff, Director of The Marist College Institute for Public Opinion.  “Oddly, though, he still isn’t being faulted for the sluggish economy.  Most think it was there waiting for him when he took office.”

There has been a change among Democrats and independents on this question.  While 71% of Democrats approve of how the president is handling the economy, 27% disapprove.  This is a 12 percentage point increase in the proportion of Democrats who disapprove since January.  Among independent voters, 34% approve while more than six in ten — 63% — disapprove.  Here, too, there has been a jump in the proportion of voters who are dissatisfied with how Mr. Obama is dealing with the economy.  In January, half — 50% — shared this view.

There has been little change among Republicans.  11% think the president is on the right economic track while 87% do not.  In January, those proportions stood at 7% and 88%, respectively.

Disapproval of the president’s fiscal management spans economic divides.  42% of those who earn less than $50,000 annually approve while a majority — 56% — disapprove.  Among those who make $50,000 or more, 41% approve while 57% disapprove.

While voters aren’t pleased with how the president is handling the economy, they still do not blame him for the nation’s current economic conditions.  63% say they think today’s economic situation is mostly something he inherited while 30% believe it is a result of his own policies.  Seven percent are unsure.

These proportions are similar to those reported in Marist’s January survey.  At that time, the same proportion — 63% — thought the country’s economic conditions were mostly inherited, 25% said they were a result of President Obama’s policies, and 12% were unsure.

Table: Handling of the Economy
Table: Handling of the Economy Over Time

Trend graph: Obama's handling of the economy

Click on the graph to enlarge the image.

Table: Current Economic Conditions Inherited
Table: Current Economic Conditions Inherited Over Time

Trend graph: Current economic conditions inherited?

Click on the graph to enlarge the image.

Changing Tides … Nearly Six in Ten Americans Think More Bad Economic News is Ahead

Many Americans are no longer optimistic about the future of the U.S. economy.  57% of residents nationwide believe that, when thinking about the country’s economy, the worst is yet to come.  However, 39% say the worst is behind us.  Only 4% are unsure.  Similar proportions of registered voters share these views.

Public opinion on this question has flipped.  In January, a majority — 54% — thought the worst was over while 39% said there was more bad news on the economic horizon.  Seven percent were unsure.

This increased pessimism crosses party, economic, and gender divides.  And, while optimism has waned among all age groups, younger Americans, those under 30, are more optimistic than their older counterparts.

Table: U.S. Economy – Will It Get Worse?
Table: U.S. Economy – Will It Get Worse? (Over Time)

Trend graph: Is economy getting better or worse?

Click on the graph to enlarge the image.

One in Four Americans Think Personal Family Finances will Get Worse

On a more personal level, 25% of Americans think their personal family finances will get worse in the coming year, 27% report their financial situation will get better, and nearly half — 48% — say they will stay about the same.

There has been a slight bump in the proportion of Americans who think their personal financial picture will get worse.  When Marist last reported this question in December, 19% thought they were in for more belt tightening, 29% believed their economic picture would get better, and a majority — 52% — reported their economic situation would stay about the same.

Table: Your Personal Finances – Better, Worse, or the Same?

Table: Your Personal Finances — Better, Worse, or the Same? (Over Time)

Recession Still Looms for Americans

News that the United States is no longer officially in a recession has not trickled down to most Americans.  71% of residents think the nation is in a recession while 25% do not.  Four percent are unsure.  These proportions remain virtually unchanged from January when the same proportion — 71% — believed the country was in a recession, 24% thought the United States was not in a recession, and 5% were unsure.

Table: U.S. in a Recession
Table: U.S. in a Recession Over Time

Trend graph: Is U.S. still in a recession?

Click on the graph to enlarge the image.

McClatchy-Marist Poll Methodology

Comments

36 Responses to “4/28: Obama’s Handling of the Economy at All-Time Low”

  1. Barack Obama’s Real Problem This Week | dailyMuckraker on April 28th, 2011 12:29 pm

    [...] their kids to college.  That where his real problems are.  The American people are quickly losing patience with him on the economy. Registered voters nationally are not satisfied with how President [...]

  2. The Page by Mark Halperin | McClatchy/Marist Survey Finds 57% Disapprove of Obama's Economic Policy on April 28th, 2011 12:30 pm

    [...] survey finds 40% approve of president’s handling of economy, marking an all-time [...]

  3. Bob Davis on April 28th, 2011 1:48 pm

    I can’t believe there’s actually 40% out there who actually DO think The One is doing a good job of handling the economy?? Which planet did these people come from???

  4. GarandFan on April 28th, 2011 1:55 pm

    “Oddly, though, he still isn’t being faulted for the sluggish economy.”

    So the idiots still haven’t figured out his sabotage of the energy industry?

  5. zecon on April 28th, 2011 2:28 pm

    who are the 40% who approve. I don’t see anything from him that looks like it will positively effect the economy. He just keeps giving speeches from the “rules for lefties” playbook. He’s not pragmatic and he doesn’t have any ideas. I would love to have someone explain to me how they approve of how he is handling the economy.

  6. Marist Poll: Obama’s Job Approval on Economy Hits All Time Low at 40% | Scared Monkeys on April 28th, 2011 4:11 pm

    [...] new McClatchy-Marist Poll finds that just 40% of Americans approve of the job that President Barack Obama is doing in [...]

  7. None Dare Call It ‘Stagflation’ : The Other McCain on April 28th, 2011 5:37 pm

    [...] as if we have taken a long round-trip back to 1979. We are not surprised that a Marist poll shows approval for Obama’s handling of the economy at an all-time low. Rather, we are [...]

  8. dave j on April 28th, 2011 5:37 pm

    This POTUS is a failure in every way possible, economy, transparency, truth telling, religion, he is weak , inept and an embarrassment, going on the View to whoop it up with the “girls” while the state of Texas is literally on fire and the south is counting it’s dead from storms. Obama was once again in NYC partying with the people he loves most, his people.

  9. How the Smartest President Ever Becomes a One-Term President « Commentary Magazine on April 28th, 2011 6:16 pm

    [...] coincidentally, a new McClatchy-Marist poll shows that 57 percent of registered voters disapprove of President Obama’s economic management while [...]

  10. Charlie on April 28th, 2011 7:02 pm

    Obama is the most stupid person to ever run for and win the American Presidency. He refers to his dumbness for RACISUM. Obama wake up and smell the coffee. You are not a leader. Allan West for President a real man with common sense and real Leadership.

  11. Jbar on April 28th, 2011 7:29 pm

    Until all the housing debacle overvalued houses are sold or demolished, the economy will drag.

  12. Rick on April 28th, 2011 7:43 pm

    This president does not support any of the American peoples ideas!

  13. Change: Obama’s polling hits new low on economy, whether country is headed in right direction « Hot Air on April 28th, 2011 8:23 pm

    [...] Malaise. Registered voters nationally are not satisfied with how President Barack Obama is handling the nation’s economy. According to this McClatchy-Marist Poll, four in ten voters — 40% — approve of how the president is dealing with the country’s economy while nearly six in ten — 57% — disapprove. Only 3% are unsure. Mr. Obama’s approval rating on the economy is the lowest of his presidency. His previous low was last September when just 41% gave him a thumbs-up on the issue… [...]

  14. Mad as hell on April 28th, 2011 9:01 pm

    I cannot name or list one lousy item that Obama has done that deserves a higher grade than F. He is lucky that this poll was probably done in a liberal populated area.

  15. Obama’s Handling of Economy Hits All Time Low | News Power!!! on April 28th, 2011 9:41 pm

    [...] new McClatchy-Marist Poll finds that just 40% of Americans approve of how President Obama is dealing with the economy while [...]

  16. Mora R. Solano on April 28th, 2011 9:59 pm

    I am disappointed with this administration even though I was very optimistic when we elected Obama. He has not shown the type of leadership we needed, polarized the country and the parties, and failed to convey a clear idea of where we are going. I used to feel very proud of being an American and I do feel that now we have to apologize for everything we do. We are no longer in a position of strength and our own culture, traditions are being lost in the name of diversity and in the mantra of politically correct obsession. Please let us work together again without fear and with plenty of honesty otherwise we will self destruct.

  17. leonard makin on April 28th, 2011 10:01 pm

    Obuma is hurting our country from the inside out. Just like he promised in 2008!

    I feel so bad for our military and the future of America!

    May God help us and bless America!

  18. How the Smartest President Ever Becomes a One-Term President « Cliftonchadwick's Blog on April 28th, 2011 10:27 pm

    [...] coincidentally, a new McClatchy-Marist poll shows that 57 percent of registered voters disapprove of President Obama’s economic management while [...]

  19. POLITICAL WIRE’S HEADLINES – 4/29 « Accomack County Democrats on April 28th, 2011 10:51 pm

    [...] new McClatchy-Marist Poll finds that just 40% of Americans approve of how President Obama is dealing with the economy while [...]

  20. marilyn mason on April 29th, 2011 10:11 am

    I, too, had expected so much more from our president. Now, with gas prices threatening the one thing I can afford to do with my grandchildren ( rides to the park or the beach) I feel anger because I know he can do SOMETHING ABOUT IT!!! And focusing more on other countries’ business than our own, has hurt us in loss of Americans, loss of pride, loss of tax money…….

  21. ryan on April 29th, 2011 10:24 am

    This marilyn Mason. You’re angry, ‘because you know’ he can do something about it? typical emotional female idiot. You know nothing, he has not control he is a figure head, a puppet if you will. So you believe the lies you are told about the Presidency and this country.. Wake up will you.

  22. SAMM on April 29th, 2011 12:26 pm

    THE FUNNY THING IS HE WILL STILL PROBABLY “WIN” THE NEXT PRESIDENTIAL ELECTION BECAUSE AS MUCH AS WE WOULD LIKE TO THINK “OUR VOTE COUNTS”, SADLY, WE HAVE NO SAY IN WHO RUNS THIS COUNTRY; ALTHOUGH OUR GOVERNMENT HAVES US BELIEVE WE DO. BET ON IT.

  23. Only 30% of Americans Blame Obama For The Recession on April 29th, 2011 2:22 pm

    [...] McClatchy/Marist poll found that a majority of registered voters are dissatisfied with how Obama has handled the economy. [...]

  24. J.Meeks on April 29th, 2011 4:21 pm

    Our first clue should have been his inittials…B O! Yup, his administration and policies have stunk from day one.

  25. Vegan Dave on April 30th, 2011 10:54 pm

    It amazes me that even 40% of people could be either; 1) stupid enough to believe that the economy has improved under Obama, 2) so out-of-touch that they have not noticed how bad the economy and national debt situation is in, or 3) are themselves such radical, left wing socialist (even Marxists) that they agree with Obama’s fiscal policy.

  26. SUNDAY SUNDRIES « Witch's Will on May 1st, 2011 8:25 am

    [...] coincidentally, a new McClatchy-Marist poll shows that 57 percent of registered voters disapprove of President Obama’s economic management while [...]

  27. The Absurd Report » How the Smartest President Ever Becomes a One-Term President By Peter Wehner on May 2nd, 2011 8:21 am

    [...] coincidentally, a new McClatchy-Marist poll shows that 57 percent of registered voters disapprove of President Obama’s economic management while [...]

  28. R. Moore on May 6th, 2011 9:16 pm

    Enuff!! We need the right change!!

  29. James Pethokoukis | Analysis & Opinion | Reuters.com on May 7th, 2011 8:01 pm

    [...] 2012 election | US Politics This new Marist poll has to rings some alarm bells in the White House (and  keep in mind this tracks registered [...]

  30. American Online News- Feeds from the Freedom News Network | Blog | Poll: Fiscal policy speech had no impact on Obama economic approval rating on May 15th, 2011 10:10 pm

    [...] am in Feeds by staffwriter The Marrist poll is getting lots of attention today for the toplines showing approval of Obama on the economy at an all time low. But this from the internals, I think, [...]

  31. sandra white on May 17th, 2011 2:14 pm

    we need to get the govenor out of the white she is runing every bodys lives she is rasing the food and the gas prices thats not right we need a raise from social security adminastration office everybody is running out of money at the end of the month so they need to get this process going right now so every one will get a raise from social security especially for the people who are disabled and handicapped and dont have enough food to last for a whole month we need to get this started right away.

  32. sandra white on May 17th, 2011 2:18 pm

    put this word to where it says white and then put it with white house.

  33. Gingrich: Good Punditry, Bad Politics | FrumForum on June 24th, 2011 8:35 am

    [...] than blame Obama. These findings are replicated (and with much bigger margins) by pollsters like Marist and [...]

  34. United States loses its AAA Credit rating from S & P on August 14th, 2011 3:02 pm

    [...] S & P Originally Posted by Boo Radley There are no Marists here sure there are 4/28: Obama’s Handling of the Economy at All-Time Low | Home of the Marist Poll: Pebbles and P… they don't like him [...]

  35. football scholarships and teams - Presidential Talk: Can They Walk The Walk on October 3rd, 2012 11:26 am
  36. justin steele on October 29th, 2012 2:36 pm

    i hate obama!

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