Obama's Approval Drops Below 50%; No Longer Enjoys Majority In Any Income Class

Trinnity · Apr 13, 2011

Gallup: Obamas Approval Drops Below 50 Percent Among Poorest Americans; No Longer Enjoys Majority Approval In Any Income Class

(CNSNews.com) - President Barack Obamas approval among the poorest Americans dropped to an all-time low of 48 percent last week, according to the Gallup poll, leaving the president with less-than-majority approval among all income brackets reported in Gallup's presidential approval surveys.

Each week, Gallup publishes the presidents average approval rating for the previous week among four income brackets: those who earn $2,000 per month or less, those who earn between $2,000 and $4,999 per month, those who earn between $5,000 and $7,499 per month, and those who earn $7,500 per month or more.

For the week of April 4-10, Obamas approval rating was 48 percent among those making $2,000 or less per month, and 46 percent among those in each of the three higher income brackets.

This was only the second time in his presidency that Obamas average weekly approval rating among the poorest Americans had dropped below 50 percent. The first time was three weeks agoin the week of March 21-27when his approval dropped to 49 percent among Americans who earn $2,000 per month or less. (Two weeks ago, the president's approval among this income bracket rebounded to 52 percent before dropping to 48 percent last week.)

The last time Obama had majority approval in all four income brackets in the Gallup poll was the week of Oct. 19-25, 2009. The first time he had less than majority approval in all four income brackets was March 21-27.

Gallups latest weekly presidential approval numbers, showing Obamas approval at 48 percent among the poorest Americans, were released one day before Obama gave a speech on a new economic plan in which he repeatedly vowed to increase taxes on "millionaires and billionaires."

Gallup also released a poll this week indicating that public optimism about the future of the U.S. economy has declined sharply since the beginning of the year.

Americans' optimism about the future direction of the U.S. economy plunged in March for the second month in a row, as the percentage of Americans saying the economy is getting better fell to 33% --down from 41% in January, Gallup said in its analysis of the polling numbers.

Smartmouthwoman · Apr 13, 2011

After his fiasco of a budget speech today... approval oughta fall to 20%. Only devout *******s are dumb enough to buy that trip down fantasy lane.

Trinnity · Apr 13, 2011

Well, you know the daily Rasmussen polls have him at 19-22% for those
who "strongly approve"....

The Rasmussen Reports daily Presidential Tracking Poll for Monday shows that 19% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as president. Thirty-nine percent (39%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -20 (see trends).
http://www.politicalforum.com/opinion-polls/181190-obamas-numbers-go-even-lower.html
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waltky · Sep 13, 2011

1996 income with 2011 prices...

Household income drops to lowest point since '96
13 Sept.`11 - The median income of U.S. households fell 2.3% in 2010 to the lowest level since 1996 after adjusting for inflation, the Census Bureau reported Tuesday.

The weak economy has driven median household income down for three straight years, to $49,445 in 2010, a total 6.8% decline since the recession began in December 2007. The government says the recession ended in June 2009. Poor people and minorities were hit hardest. Median income for black households fell 3.6% to $32,206 while white household income dropped 1.3% to $54,620. Income fell least for the most affluent households down 1.2% to $180,810 in 2010 for the top 5% of households. Income declines got increasingly large down the income ladder. The bottom fifth of households those making $20,000 or less in 2010 saw incomes decline 3.8% after inflation.

"There is a widening of the gap between the extreme top and bottom," said Edward Welniak, chief of income statistics at the Census. Hard times are forcing people to "double-up" live with their parents or other family members, said Trudi Renwick, chief of poverty statistics. The number of households doubling-up grew from 19.7 million in 2007 to 21.8 million in spring 2011, she said. The number of adults ages 25-34 still living with their parents was especially notable, she said.

Other key findings:

Poverty rate. The portion of households living in poverty rose from 14.3% to 15.1%. The number of families living in poverty rose 2.6 million to 46.2 million, the largest increase since Census began keeping track 52 years ago. A family of four is considered in poverty if income is $22,314 or below. The poverty measures cash income before taxes. A measure that includes the value of Medicaid, food stamps and other government programs will be released in October.

Health insurance. The share of people without health insurance was unchanged at 16.3%. The number of people with private insurance fell while the number covered by government programs increased.

Source
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See also:

Poverty rate rises in America
September 13, 2011: Amid a still struggling economy, more people in America fell below the poverty line last year, according to new census data released Tuesday.

The nation's poverty rate rose to 15.1% in 2010, its highest level since 1993. In 2009, 14.3% of people in America were living in poverty. "The results are not surprising given the economy," said Paul Osterman, a labor economist at MIT. "You would expect with so many people unemployed, the poverty rate would go up. It's just another sign of what a difficult time this is for so many people." About 46.2 million people are now considered in poverty, 2.6 million more than last year. The government defines the poverty line as income of $22,314 a year for a family of four and $11,139 for an individual. The Office of Management and Budget updates the poverty line each year to account for inflation.

Middle-class wealth falls: For middle-class families, income fell in 2010. The median household income was $49,445, down slightly from $49,777 the year before. Median income has changed very little over the last 30 years. Adjusted for inflation, the middle-income family only earned 11% more in 2010 than they did in 1980, while the richest 5% in America saw their incomes surge 42%. "Over that period of time, it's not that the American economy has necessarily performed badly," Osterman said. "As a country we're richer over that period, but there's been this real shift in where the income has gone, and it's to the top." Amplifying that trend, the bottom 60% of households saw their income fall last year, while households making $100,000 or more enjoyed a rise in income.

More children in poverty: The poverty rate for children under age 18 increased to 22% in 2010, meaning more than 1 in 5 children in America are living in poverty. Meanwhile, the poverty rate for adults ages 18 to 64 rose to 13.7%. For people 65 and older, the poverty rate was barely changed at 9%. Following the recession, fewer young adults are moving out of their parents' homes. Last year, 5.9 million young adults age 25 to 34 still lived with their folks, compared with 4.7 million before the recession.

Race and gender factors: By race, the poverty rate was lowest for non-Hispanic whites at 9.9%. Blacks had the highest rate at 27.4%, followed by people of Hispanic origin at 26.6%. Asians had a poverty rate of 12.1%. About 14% of men were below the poverty line, compared to 16.2% of women. Families headed by a married couple had only a 6.2% poverty rate, whereas families with a single mother had a 31.6% rate, and families with a single father had a 15.8% rate.

South hit the hardest:
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waltky · Jun 10, 2016

Average wage earner make less than when Obama took office...

Average Family Today Has Less Income Than When Obama Took Office
June 10, 2016 | What’s the most important economic statistic to gauge a society’s prosperity? I often use per-capita economic output when comparing nations.

But for ordinary people, what probably matters most is household income. And if you look at the median household income numbers for the United States, Obamanomics is a failure. According to the Census Bureau’s latest numbers, the average family today has less income (after adjusting for inflation) than when Obama took office. In an amazing feat of chutzpah, however, the President is actually arguing that he’s done a good job with the economy. His main talking point is that the unemployment rate is down to 4.7 percent. Yet as discussed in this Blaze TV interview, sometimes the unemployment rate falls for less-than-ideal reasons. Since I’m a wonky economist, I think my most important point was about long-run prosperity being dependent on the amount of labor and capital being productively utilized in an economy.

And that’s why the unemployment rate, while important, is not as important as the labor force participation rate. Here’s the data, directly from the Bureau of Labor Statistics. As you can see, the trend over the past 10 years is not very heartening. To be sure, Obama should not be blamed for the fact that a downward trend that began in 2008 (except to the extent that he supported the big-government policies of the Bush Administration). But he can be blamed for the fact that the numbers haven’t recovered, as would normally happen as an economy pulls out of a recession. This is a rather damning indictment of Obamanomics. By the way, I can’t resist commenting on what Obama said in the soundbite that preceded my interview. He asserted that “we cut unemployment in half years before a lot of economists thought we could.”

My jaw almost hit the floor. This is a White House that promised the unemployment rate would peak at only 8 percent and then quickly fall if the so-called stimulus was approved. Yet the joblessness rate jumped to 10 percent and only began to fall after there was a shift in policy that resulted in a spending freeze. In effect, the President airbrushed history and then tried to take credit for something that happened, at least in part, because of policies he opposed. Wow.

One final point. I was asked in the interview which policy deserves the lion’s share of the blame for the economy’s tepid performance and weak job numbers. I wasn’t expecting that question, so I fumbled around a bit before choosing Obamacare. But with the wisdom of hindsight, I think I stumbled onto the right answer. Yes, the stimulus was a flop, and yes, Dodd-Frank has been a regulatory nightmare, but Obamacare was (and continues to be) a perfect storm of taxes, spending, and regulatory intervention. And even the Congressional Budget Office estimates it has cost the economy two million jobs.

http://www.cnsnews.com/commentary/d...-today-has-less-income-when-obama-took-office
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Gallup: Satisfaction With Country Under Obama Is Lowest Since Carter
June 10, 2016 | According to Gallup, Americans' satisfaction levels with the way things are going in the U.S. are low and President Obama will be leaving office with a lower overall satisfaction average of any president since Jimmy Carter.

Only 29% of Americans are satisfied with the way things are going in the U.S. according to the Gallup poll conducted during the first week of June. The Gallup poll asked, “In general, are you satisfied or dissatisfied with the way things are going in the United States at this time?” Americans' satisfaction has averaged only 24% across the 89 months of the Obama administration to date. The low satisfaction levels of recent years means that Obama will be leaving office with an overall satisfaction average of 24% for his presidency so far. Obama's numbers are lower than the average measured across the term of any president since Jimmy Carter.

The Obama administration’s numbers are far below the 37% overall average since Gallup began measuring in 1979. Gallup has only three measures of satisfaction taken during the Carter administration, all in 1979, and they average 19%. Recent satisfaction levels are particularly low compared with the high levels of satisfaction measured in the mid-1980s under President Ronald Reagan, in 1991 after the first Gulf War, in the late 1990s and after 9/11.

http://www.cnsnews.com/blog/eric-sc...ied-country-under-obama-lowest-numbers-carter
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$2,139,254,000,000: FY2016 Taxes Set Record Through May; $14,164 Per Worker; Feds Still Run Deficit of $407,099,000,000
June 10, 2016 | The U.S. Treasury took in a record of approximately $2,139,254,000,000 in tax revenues in the first eight months of fiscal 2016 (Oct. 1, 2015 through May 31, 2016), according to the Monthly Treasury Statement released today.

That is up about $15,347,130,000--in constant 2016 dollars—from the approximately $2,123,906,870,000 in constant 2016 dollars the Treasury collected in the first eight months of fiscal 2015. (Tax revenues from previous years were adjusted to 2016 dollars using the Bureau of Labor Statistics Inflation Calculator.) In May alone, the Treasury collected approximately $224,603,000,000 in revenue.

Despite collecting record revenues in the first eight months of fiscal 2016, the federal government still ran a deficit of $407,099,000,000 during the period--as federal government spent approximately $2,546,353,000,000 in those eight months. The record eight-month tax haul of $2,139,254,000,000 equaled approximately $14,164 for each of the 151,030,000 people in the country who, according to the Bureau of Labor Statistics had a full or part-time job in May.

Chart from the Monthly Treasury Statement for May 2016

http://www.cnsnews.com/news/article...axes-set-record-through-may-14164-worker-feds
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Antiduopolist · Jun 10, 2016

Interesting.

He's definitely out of touch with any but his fellow 1%ers at this point.

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Obama's Approval Drops Below 50%; No Longer Enjoys Majority In Any Income Class

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