Forty-five percent (45%) of U.S. voters now give President Obama poor marks for his handling of the economy, the highest level of disapproval this year.
A new Rasmussen Reports national telephone survey finds that 39% believe the president is doing a good or excellent job on the economy following the announcement last week that unemployment in October rose to 10.2 percent, the highest level in 26 years.
Quadrupling the deficit, spending like a drunk sailor and the ever growing figures on Obamacare that Obama approves, has taken it's toll on Obama's approval numbers and now he reaches the lowest level yet on polling for his job performance on the economy.
No worries though, Obama has a plan. A spending binge, then a focus on the deficit next year.
On the practical side, Obama has spent more money on new programs in nine months than Bill Clinton did in eight years, pushing the annual deficit to $1.4 trillion. This leaves little room for big spending initiatives.
On the political side, Obama can help moderate Democrats avoid some tough votes in an election year and, perhaps more importantly, calm the nerves of independent voters who are voicing big concerns with the big spending and deficits. Even if Obama succeeds - and that’s a big if - it will be tough for many Democrats to sell themselves as deeply concerned about spending after voting for the stimulus, the bailouts, the health care legislation and a plan to address global warming, four enormous government programs.
“Democrats have to reassure voters we are not being reckless,” said a Democratic official involved in the planning. “The White House knows this and that's why we'll be hearing a lot about reducing the deficit early next year. Democrats owned this issue for the past four years and cannot afford to cede it to Republicans now."
Kind of like closing the barn door after the horse is gone.