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job growth

job growth

Polling Data Shows Some Voters Starting To Blame Economy on Obama

4y ago


There's an interesting opinion in today's Washington Post by Jennifer Rubin that makes the case for polling data that shows voters are finally beginning to hold President Obama responsible for the economy. So far, the President has done a bang up job convincing his followers that he isn't responsible for anything despite his three and a half years in office. Of course everyone knows, George Bush and probably Fox News are the ones who are really responsible. Despite that, a New York Times/CBS poll shows that 66% of those surveyed, "believe paltry job growth and slow economic recovery is the result of bad policy. Thirty-four percent say Obama is the most to blame, followed by 23 percent who say Congress is the culprit. Twenty percent point the finger at Wall Street, and 18 percent cite former President George W. Bush." Funny, no mention of Fox News in there. It looks like, according to this poll, that Obama is getting most of the blame here and leading the pack. Mitt Romney has been making that assertion as well as many average citizens for some time. Romney, as do many, believe that Obama's policies such as Obamacare, a threatened tax hike by expiring the Bush tax cuts, new regulations and massive increases in the debt have caused the economic slowdown. Many economists, along with Fed Chairman Ben Bernanke also believe that the economy is not going to improve much and may even get worse up through November. The article also goes on to say that Nouriel Roubini, who predicted the 2008 stock market crash and economic downturn, believes the worst still may be ahead for the US economy. Roubini stated recently, "In 2013, as transfer payments are phased out, however gradually, and as some tax cuts are allowed to expire, disposable income growth and consumption growth will slow. The U.S. will then face not only the direct effects of a fiscal drag, but also its indirect effect on private spending," If the economy continues its slide and the job situation and prices don't improve by November, it will be harder and harder for Obama to keep convincing the faithful, it is still George Bush's fault for all of this. I've linked to the Washington Post article in the description and you can feel free to leave your comments below. Washington Post, The Buck Stops with Obama article: