Why Obama’s polls are slipping …
Matthew Cooper posits this theory:
Obama’s poll numbers have been going down, although they remain high. Why are they going down? A lot of it seems to have to do with spending and government intervention in the economy, which has roused fears of independents. 70 percent of respondents in the NBC News/Wall Street Journal poll said that they were concerned “a great deal” or “quite a bit” about the GM takeover.
I have a slightly different spin on this, which is that it’s the spending and the modest success it seems to have brought in stopping the total collapse of the banking and financial system. If the economy felt like it was in the same free fall that it was a few months ago, he’d be doing better because there’d be less questioning of government spending and more calls to pour everything on the fire. But with the respite in the fall comes the freedom to question spending. Or, to put it another way: The firemen saved your house but now you’re pissed off about all the water damage in the den.
My spin: That is one theory. How about this one: unemployment is going through the roof! While people are less worried about economic collapse, they are plenty worried about their job. Plus, their home is still falling pis e. It is not “all that spending” so much as the perception that “all that spending” does not seem to be helping much.