August 15, 2011. Washington. Gallup released its latest tracking poll yesterday. Measuring President Obama’s national approval rating, the poll showed the President’s approval among Americans has dropped to its lowest point in the Chicago Democrat’s political history. Coming in at under 40 percent, the news couldn’t have come at a worse time. President Obama just began his reelection campaign with a slew of big money fundraisers and a three-state bus tour this week.
On the other side of the Presidents approval rating are the respondents who affirmed their disapproval of the President. Obama’s ‘disapproval’ rating rose to an ominous 54 percent. That leaves only 7 percent of respondents with an indifferent or unsure impression of the President’s job performance. While the US economy is still in the dumps, the President’s advisers appear to be ignoring the results and instead, chalking up the dire numbers to a slew of Republican Presidential hopefuls monopolizing the nation’s airwaves the past two weeks.
In response this weekend, President Obama recited the same tired line he’s paraded out dozens of times since the day he took office more than two years ago, “We’ve still got a long way to go to get to where we need to be. We didn’t get into this mess overnight and it’s going to take time to get out of it.” Disappointing his base of poor, working and middle class voters, President Obama is accused of having orchestrated multi-trillion dollar bailouts of everybody but them. In just his first two and a half years in office, the President has endorsed and carried out a trillion dollar bailout of international banks such as Goldman Sachs, JP Morgan and Bank of America.
In what Obama dishonestly labeled “a stimulus package”, he orchestrated a similar near one trillion dollar bailout of the nation’s municipal unions in the form of a one-year band-aid to prevent cities and states from laying off workers for 12 months. Warned by economic experts that the stimulus package was a one-shot deal and that America couldn’t afford a second stimulus, instead of using the trillion dollars to spark a recovery, the President threw the money into the same broken and corrupt local government payrolls that are bankrupting cities and states across the nation.
In addition, President Obama let down his independent base when he instituted a State takeover of two-thirds of America’s auto industry, the country’s largest insurance company and a temporary national ownership of the nation’s global banks. What really upsets many, including the poor, was that one of the President’s first acts upon taking office was raising taxes on the poor. In the form of a national cigarette tax, the action legitimizes the notion that the President has only lowered the taxes of the super-rich while raising taxes on the poor, working and middle class.
More than anything however, it’s the anemic US economy that is drawing the ire of voters. While the President has devoted the majority of his time to creating a nationalized healthcare and health insurance system, those efforts may have been in vane. Courts across the country have ruled the bill called, “Obamacare” as unconstitutional.
Instead, his detractors argue, the President should have been concentrating on creating jobs, lowering the unemployment level and cutting the waste and fraud that is drowning America’s economy. The national unemployment rate is still over 9 percent. And on the same day the President endorsed a near one trillion dollar foreign aid package and tax cut for the nation’s richest one percent, he refused to lend his support to an unemployment extension that would have cost one-twentieth of the price it cost the American people to give the nation’s billionaires another round of tax cuts.
While former President Bush doubled the national debt from $5.6 trillion to $11 trillion with two unfunded wars and a financially devastating tax cut for the super-rich, President Obama has done his share of damage as well. In just the first half of his first term in office, Obama policies have added even more to the national debt, increasing it to $14.6 trillion as of today and a forecasted debt of $17 trillion by the end of his first four years in office.
The President can take some comfort in the fact that he isn’t alone. Gallup also reported that Congressional Republicans are in the public’s disfavor as well. When asked to choose which party’s Congressmen they favored, 51 percent chose the Democrats, while 44 percent supported the GOP. Kicking into full re-election mode with campaign swings through Minnesota, Iowa and his home state of Illinois this week, President Obama has his work cut out for him.