The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Obama Below Bush’s 2001 Approval – Newsweek Explains Why.

Posted by iusbvision on March 15, 2009

Obama’s poll numbers are sinking fast in spite of a media who is being pretty kind to him considering the chain of blunders that has come since January 20 [folks thats not me being partisan – we can list them].

It is so bad that Newsweek Magazine, which has decided to go hard left by decided to do less hard news and team with Air America has been pretty tough on the admisnistration and explained why.

Read what Scott Rasmussen  has to say carefully.

Scott Rasmussen in WSJ:

It is simply wrong for commentators to continue to focus on President Barack Obama’s high levels of popularity, and to conclude that these are indicative of high levels of public confidence in the work of his administration. Indeed, a detailed look at recent survey data shows that the opposite is most likely true. The American people are coming to express increasingly significant doubts about his initiatives, and most likely support a different agenda and different policies from those that the Obama administration has advanced.

Polling data show that Mr. Obama’s approval rating is dropping and is below where George W. Bush was in an analogous period in 2001. Rasmussen Reports data shows that Mr. Obama’s net presidential approval rating — which is calculated by subtracting the number who strongly disapprove from the number who strongly approve — is just six, his lowest rating to date.

Overall, Rasmussen Reports shows a 56%-43% approval, with a third strongly disapproving of the president’s performance. This is a substantial degree of polarization so early in the administration. Mr. Obama has lost virtually all of his Republican support and a good part of his Independent support, and the trend is decidedly negative.

A detailed examination of presidential popularity after 50 days on the job similarly demonstrates a substantial drop in presidential approval relative to other elected presidents in the 20th and 21st centuries. The reason for this decline most likely has to do with doubts about the administration’s policies and their impact on peoples’ lives.

There is also a clear sense in the polling that taxes will increase for all Americans because of the stimulus, notwithstanding what the president has said about taxes going down for 95% of Americans. Close to three-quarters expect that government spending will grow under this administration.

Recent Gallup data echo these concerns. That polling shows that there are deep-seated, underlying economic concerns. Eighty-three percent say they are worried that the steps Mr. Obama is taking to fix the economy may not work and the economy will get worse. Eighty-two percent say they are worried about the amount of money being added to the deficit. Seventy-eight percent are worried about inflation growing, and 69% say they are worried about the increasing role of the government in the U.S. economy.

When Gallup asked whether we should be spending more or less in the economic stimulus, by close to 3-to-1 margin voters said it is better to have spent less than to have spent more. When asked whether we are adding too much to the deficit or spending too little to improve the economy, by close to a 3-to-2 margin voters said that we are adding too much to the deficit.

Support for the stimulus package is dropping from narrow majority support to below that. There is no sense that the stimulus package itself will work quickly, and according to a recent Wall Street Journal/NBC poll, close to 60% said it would make only a marginal difference in the next two to four years. Rasmussen data shows that people now actually oppose Mr. Obama’s budget, 46% to 41%. Three-quarters take this position because it will lead to too much spending. And by 2-to-1, voters reject House Speaker Nancy Pelosi’s call for a second stimulus package.

This news is simply devastating for a new administration, but as Newsweek will explain below, they really have made their own bed to sleep in. Expect Obama to ramp up his campaign machine to sell his new budget which will push Obama’s spending in the first two years of his presidency to greater than that of every administration before him combined. It is likely that this upcemong campaign to sell the budget will be just a sdeceptive as his campaign to sell the porkulus but I believe people are getting wise. Shoprtly after Obama’s speech to the nation in front of Congress he pragged about how there was no earmarks (it had tons of pork they jsut appropriated the earmark spending in a different way to it technically wasn’t an earmark) then a few days later he signed another $411 billion spending bill with almost 9,000 earmarks. While not all earmarks are bad, most are unnecessary and the earmark system invites corruption.

Read what Newsweek has to say carefully. Notice it is from five days ago and they saw this coming:

A Turning Tide?

Obama still has the approval of the people, but the establishment is beginning to mumble that the president may not have what it takes.

  • The $787 billion stimulus, gargantuan as it was, was in fact too small and not aimed clearly enough at only immediate job-creation.
  • The $275 billion home-mortgage-refinancing plan, assembled by Treasury Secretary Tim Geithner, is too complex and indirect.
  • The president gave up the moral high ground on spending not so much with the “stim” but with the $400 billion supplemental spending bill, larded as it was with 9,000 earmarks.
  • The administration is throwing good money after bad in at least two cases-the sinkhole that is Citigroup (there are many healthy banks) and General Motors (they deserve what they get).
  • The failure to call for genuine sacrifice on the part of all Americans, despite the rhetorical claim that everyone would have to “give up” something.
  • A willingness to give too much leeway to Congress to handle crucial details, from the stim to the vague promise to “reform” medical care without stating what costs could be cut.
  • A 2010 budget that tries to do far too much, with way too rosy predictions on future revenues and growth of the economy. This led those who fear we are about to go over Niagara Falls to deride Obama as a paddler who’d rather redesign the canoe.
  • A treasury secretary who has been ridiculed on “Saturday Night Live” and compared to Doogie Howser, Barney Fife and Macaulay Culkin in “Home Alone”-and those are the nice ones.
  • A seeming paralysis in the face of the banking crisis: unwilling to nationalize banks, yet unable to figure out how to handle toxic assets in another way-by, say, setting up a “bad bank” catch basin.
  • A seeming reluctance to seek punishing prosecutions of the malefactors of the last 15 years-and even considering a plea bargain for Bernie Madoff, the poster thief who stole from charities and Nobel laureates and all the grandparents of Boca. Yes, prosecutors are in charge, but the president is entitled-some would say required-to demand harsh justice.
  • The president, known for his eloquence and attention to detail, seemingly unwilling or unable to patiently, carefully explain how the world works-or more important, how it failed. Using FDR’s fireside chats as a model, Obama needs to explain the banking system in laymen’s terms. An ongoing seminar would be great.
  • Obama is no socialist, but critics argue that now is not the time for costly, upfront spending on social engineering in health care, energy or education.

Other than all that, in the eyes of the big shots, he is doing fine.

 Ouch.. and that is from a source that is heavily biased towards him. Now just imagine what the elite media would be saying about President Bush if he had amassed a two month record that included this list. Would it lead the evening news, would all the talking heads on the news show be repeating the same talking points verbatim, would the message be delivered over and over and over again…. or would it just be printed in one small column in Newsweek and all but ignored afterwards?

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