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

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

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

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37 Comments

37 Comments

  1. Pingback: Good News: Only 30% of Americans Blame Obama For The Economy - Madness & Reality

  2. justin steele

    October 29, 2012 at 2:36 pm

    i hate obama!

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  6. sandra white

    May 17, 2011 at 2:18 pm

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

  7. sandra white

    May 17, 2011 at 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.

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  10. R. Moore

    May 6, 2011 at 9:16 pm

    Enuff!! We need the right change!!

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  13. Vegan Dave

    April 30, 2011 at 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.

  14. J.Meeks

    April 29, 2011 at 4:21 pm

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

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  16. SAMM

    April 29, 2011 at 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.

  17. ryan

    April 29, 2011 at 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.

  18. marilyn mason

    April 29, 2011 at 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…….

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  21. leonard makin

    April 28, 2011 at 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!

  22. Mora R. Solano

    April 28, 2011 at 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.

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  24. Mad as hell

    April 28, 2011 at 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.

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  26. Rick

    April 28, 2011 at 7:43 pm

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

  27. Jbar

    April 28, 2011 at 7:29 pm

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

  28. Charlie

    April 28, 2011 at 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.

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  30. dave j

    April 28, 2011 at 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.

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  33. zecon

    April 28, 2011 at 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.

  34. GarandFan

    April 28, 2011 at 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?

  35. Bob Davis

    April 28, 2011 at 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???

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