It’s more bad news for President Barack Obama with the release of our latest Reuters/Ipsos national poll today. The headline number is that, for the first time since he took office, more Americans now disapprove of his performance than approve. After a long period where his approval rating was stable at just over 50 percent, the last three months have seen a steady deterioration, matching the economy’s faltering performance.
Just like Ronald Reagan in 1982, Obama’s mid-term poll ratings are suffering from the economy’s woes. Faith in Obama’s ability to tackle the crisis was a key factor that swung the presidential race his way in 2008, but his performance on the economy is fast becoming his Achilles heel in the face of a concerted Republican assault. As Ipsos pollster Cliff Young told us, many voters had long been giving Obama the benefit of the doubt, but now patience has “basically vanished.”