Top 10 Reasons for President Obama's 35% Economic Approval Rating
According to a Gallup poll released on August 15, only 35 percent of Americans approve of President Obama’s handling of the economy, down from 42 percent in June. His overall approval rating also fell from 47 to 44 percent.
Here are the top 10 reasons American workers’ patience is wearing thin:
10. Lavish Vacations: With Congress in recess during August, the Obama family decided to take a taxpayer-funded vacation to Martha’s Vineyard. They even flew their dog, Bo, in his own Osprey MV-22 helicopter! Public road closures have left local residents dealing with “extraordinary and lengthy” detours, much like the rest of the country is waiting for signs of economic growth.
9. Talking the Talk: Since he took office, President Obama has made ten talk show appearances, outpacing every other president since John F. Kennedy. While he’s laughing it up with the likes of Leno and Letterman, working class Americans are struggling to make ends meet. This shameless self-promotion also costs taxpayers millions of dollars for each trip.
8. Internet Sales Tax: It remains unclear if the Marketplace Fairness Act will pass in the House, but the President has signaled that he will sign the bill if it makes it to his desk. This highly flawed piece of legislation will put online retailers at risk by subjecting them to potential audits from 45 different states. The burdensome compliance costs will be too much for many small business owners to bear.
7. Reagan Did it Better: In case you hadn’t heard, President Obama inherited a weak economy, but so did Ronald Reagan. A recent NewsBusters.org report demonstrates that the current economic “recovery” pales in comparison to President Reagan’s. Which sounds better: 97,000 new jobs per month, or 233,000?
6. Corporate Special Interests: The President recently called for a slightly lower corporate tax rate. If only it were that simple. Meanwhile, small businesses would be left paying an effective rate close to 44 percent. This is not what real tax reform looks like.
5. Untapped Energy: Studies show that the Keystone XL Pipeline will create tens of thousands of jobs, yet it’s taken 1,791 days (and counting) to be approved. So much for a “laser-like focus” on jobs.
4. Backdoor Carbon Tax: As the economy continues to stagnate, President Obama’s latest “pivot” has been to energy policy, this time asking the EPA to regulate carbon emissions. A plurality of Americans agree that Congress should stop this regulatory overreach, including 35 percent of self-identified Democrats! Instead, the President appears determined to make energy costs less affordable for American families.
3. 7.4% Unemployment: While it is encouraging to see that the unemployment rate dropped in July, there are some significant caveats. First, about 37,000 people gave up on looking for work and dropped out of the labor force. Second, average hourly wages declined by 0.1 percent, barely keeping up with inflation.
2. Part-Time Jobs: Another key figure from the latest unemployment report is that over the last six months, 97 percent of the jobs created were part-time. This is likely the result of employers reducing their employees’ hours to avoid costly Obamacare taxes.
1. Obamacare is a Mess: The failures of Obamacare are well documented, and the worst parts are still to come. The American people have little reason to believe the IRS is prepared to handle 47 new Obamacare provisions. The least President Obama could do is delay the 2014 taxes, mandates, and subsidies before they kick in on October 1.
Did we leave anything out? Let us know in the comments!