Public Favors Obama on Economy

Because I’m always down on how the White House get its message across, I’m humbled by the newest New York Times/CBS poll  that finds Americans trust President Obama (47%) more than Republicans in Congress (33%) to handle the economy.

Even more surprising given the all-put Republican assault on President Obama as a ‘big-spender’:

they (respondents) were still more likely to blame President George W. Bush for the bulk of the nation’s deficit: 44 percent said that the deficit was mostly caused by the Bush administration, 15 percent said it was mostly caused by the Obama administration and 15 percent blamed Congress.

 

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2 Responses to Public Favors Obama on Economy

  1. jameyer40 August 5, 2011 at 10:57 am #

    Unfortunately this points more to the uninformed nature of the public on this specific deficit issue. While we did operate at a deficit throughout the Bush years, what many don’t seem to realize (or they simply attempt to conceal it) is that the deficit was actually declining year-over-year, from $3.5 trillion in 2004 to $2.6 trillion in 2005 to $1.9 trillion in 2006 to $1.2 trillion in 2007 and then back up to $3.2 trillion in 2008 for obvious reasons (stimilus, TARP, etc). Obama then binged in the subsequent years, increasing the deficit to as high as $10 trillion. Whether or not this spending was necessary to stop a pending depression does not change the fact that the current deficits undoubtedly are attributable to the Obama administration. So, it appears the administration has been quite effective at spinning the facts rather than educating the public about the real facts.

    Also of note. Revenues during the Bush years increased by 5%, 15%, 12% and 7% in 2004, 2005, 2006 and 2007, respectively. The 15% and 12% increases were the largest year over year increases since the early 80s, and interestingly occurring after the 2003 tax cuts. These number can easily be found on the Office of Budget and Management and should always be checked against statements that tax cuts necessarily lead to lower revenue.

  2. pdmikk August 6, 2011 at 6:45 pm #

    Obama is still the adult in the room. He might trying to dominate the teabaggers rather than placating them.