Public losing confidence in Obama economy
Image via WikipediaAmericans are more pessimistic about the nation’s economic outlook and overall direction than they have been at any time since President Obama’s first two months in office, when the country was still officially ensnared in the Great Recession, according to the latest New York Times/CBS News poll.Those responding to the poll don't seem to comprehend that raising taxes on those who are already paying more than their fair share is not going to solve the problem of the deficits, because Obama and the Democrats are spending more than taxes can keep up with. You could confiscate the entire wealth of the top two percent of tax payers and it would not even balance the budget in the year of confiscation much less the following years when there would be much less wealth to confiscate.
At a time of rising gas prices, stubborn unemployment and a cacophonous debate in Washington over the federal government’s ability to meet its future obligations, the poll presents stark evidence that the slow, if unsteady, gains in public confidence earlier this year that a recovery was under way are now all but gone.
Capturing what appears to be an abrupt change in attitude, the survey shows that the number of Americans who think the economy is getting worse has jumped 13 percentage points in just one month. Though there have been encouraging signs of renewed growth since last fall, many economists are having second thoughts, warning that the pace of expansion might not be fast enough to create significant numbers of new jobs.
The dour public mood is dragging down ratings for both parties in Congress and for President Obama, the poll found.
Disapproval of Mr. Obama’s handling of the economy has never been worse — up to 57 percent of Americans — a warning sign as he begins to set his sights on re-election in 2012. And a similar percentage disapprove of how Mr. Obama is handling the federal budget deficit, though more disapprove of the way Republicans in Congress are.
Still, for all the talk of cutting the deficit in Capitol Hill and Wall Street, only 29 percent said it would create more jobs — the issue of greatest concern — while 27 percent believed it would have no effect on the employment outlook, and 29 percent said it would actually cost jobs.
When it comes to reducing the deficit and the costs of the nation’s most expensive entitlement programs, the poll found conflicting and sometimes contradictory views, with hints of encouragement and peril for both parties.
Mr. Obama has considerable support for his proposal to end tax cuts for those earning $250,000 a year and more: 72 percent of respondents approved of doing so as away to address the deficit; 24 percent disapproved.
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The voters are right to blame Obama for the energy mess he has caused by his strangulation of domestic production of energy both offshore and in Alaska. While he is trying to promote less efficient energy resources like wind and solar, even if he were successful it would not take care of our transportation needs. What his policy is doing is insuring that we will have to import more energy. His is outsourcing energy production to mad men like Chavez and Qaddafi.
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