President Barrack Obama’s approval rating once again took a huge hit, dropping to below 50% amid fears that the economy is still struggling and heading towards another Great Depression.
In fact, Obama’s rating has gone from 54% in late May who approve to 48% now who approve. Also, those who disapprove went from 45% to 48%. Even though the capture and killing of Bin Laden helped briefly, it wasn’t enough to calm fears about jobs, gas and many other factors in the economy.
Recently, in a hypothetical poll, Obama lost against Republican Mitt Romney in a choose the President now poll. Romney recently announced his bid for President and is one of the favorites to win the primary of the Republican party.
The biggest drop among parties was of course in the Republican party, even though he dropped in all other parties. However, he went from a 25% approval rating to just a 14% approval rating among the Republicans.
“Obama’s approval among Republicans spiked after bin Laden’s death, and no one expected it to stay that high for another 18 months. But the White House is probably worried more about the much smaller drops among independents and even Democrats. Those shifts are likely due to concerns about the economy, particularly unemployment,” adds Holland.
When asked about their largest fear, the American people said that, by a margin of 46%, that they are concerned for another Great Depression. That is extremely bad and serious news for the Obama camp, as they are preparing for another Presidential run. No one wants to be President when almost the majority thinks you are heading towards another disaster.
Obama needs things to pick up and pick up fast if he wants to be President for a 2nd term. His health care bill, which could easily be repealed if he loses, could be his downfall, as he used up almost 2 years of his term trying to get that pushed through.