Obama’s Approval Index Rating Drops to -2, Consumer Confidence Falls

Are people starting to wonder what happened to all of those promised jobs?

The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 31% of the nation’s voters now Strongly Approve of the way that Barack Obama is performing his role as President. Thirty-three percent (33%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -2. That matches the lowest level yet recorded (see trends).

Over the past two weeks, the Presidential Approval Index has stayed in a narrow range between +2 and -2. Fifty-seven percent (57%) of Democrats Strongly Approve while 60% of Republicans Strongly Disapprove.

Another sign that people aren’t buying Obama’s promise to engineer a quick economic recovery, consumer confidence has plummeted.

U.S. consumer confidence took an unexpectedly steep slide in June, figures released on Tuesday showed, suggesting the 18-month-long recession had yet to loosen its grip on the economy.

A separate report on April house prices in major cities offered some encouraging signs that the worst of the housing slump may be over, but that was not enough to lift investors’ spirits, while another crop of economic data showed business activity in New York City and the Midwest remained weak and retail chains slogged through a rough June.

Unexpected? I’d like to know who was surprised by this news. The only surprise is that it took so long.

This entry was posted on Tuesday, June 30th, 2009 at 1:02 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.