InvestorsHub Logo
Followers 55
Posts 4079
Boards Moderated 3
Alias Born 03/12/2006

Re: None

Friday, 10/23/2009 9:20:53 AM

Friday, October 23, 2009 9:20:53 AM

Post# of 428
Obama Suffers Historic Drop in Approval Rating

Thursday, October 22, 2009 2:13 PM

By: Dan Weil Article Font Size

President Obama’s approval rating dropped to 53 percent in the third quarter from 62 percent in the second, according to Gallup.

The 9 percentage point decline is the largest for an elected president during that period of his first year in office that Gallup has ever recorded, going back to 1953.

President Truman suffered a 13 point slide in the third quarter of 1945, but of course he wasn’t elected to his first term in office.

Special: New Bull: Warren Buffett Says You Must Read This Book -- Click Here Now.

Obama’s 9 point slump was one of the steepest for a president during any portion of his first year in office. Bill Clinton topped the list for elected presidents with an 11 point dip between the first and second quarters of 1993.

Obama was hurt by Americans’ growing disenchantment with healthcare reform and an unemployment rate that rose to 9.8 percent in September.

Obama’s 53 percent rating puts him near the bottom of the list for presidents at the same time of their tenures. Only Clinton had a lower third-quarter average among elected presidents – 48 percent. Gerald Ford averaged 39 percent during his third quarter in office (1975).

Obama's third quarter rating also places him below average for any president in any quarter, going back to 1945. Out of 255 presidential quarters measured by Gallup since then, Obama’s 53 percent rating earns him 144th place.

To be sure, several polls, including Gallup, The Associated Press and ABC/The Washington Post, show Obama’s ratings rebounding this month.

http://www.newsmax.com/insidecover/obama_approval_drop/2009/10/22/275720.html
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.