Obama’s Approval Drops as Americans Take a Dimmer View of His Economic Policies

0 Posted by - March 13, 2013 - Career & Business, Economics, Money, Nanny State, Politics

The afterglow of President Obama’s reelection and inauguration appears to have vanished as increasingly negative views among Americans about his stewardship of the economy have forced his public approval rating back down to the 50 percent mark, according to a newWashington Post-ABC News poll.

In December, just after he won a second term, Obama held an 18-percentage-point advantage over congressional Republicans on the question of whom the public trusted more to deal with the economy. Now, it’s a far more even split — 44 percent to 40 percent, with a slight edge for the president — but the share of those saying they have confidence in “neither” has ticked up into double digits.

The poll contains ample evidence of the disillusionment voters feel toward both sides amid a sense of continuing dysfunction in Washington, which since December has been grappling with fiscal crises and deadlines of its own making.

Almost two weeks into the automatic across-the-board budget cuts known as the sequester, a slim majority of Americans dis­approve of the reductions. At the same time, nearly three-quarters say they are feeling no impact on their lives, and fewer than half expect a toll on their family finances if the cuts continue.

Still, large majorities expect that the sequester will eventually damage the economy, the military and the government’s ability to provide basic services. Most, 68 percent, say they would like the two sides to work together to come up with a deal to stop the cuts. The desire for cooperation is widely shared across party lines.

CONTINUED at the Washington Post.

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