Obama Gets Little Credit From Most in Poll for Economy

U.S. President Barack Obama
Americans’ unwillingness to credit U.S. President Barack Obama with economic progress could curtail his lasting reputation in a nation that has given added weight to presidencies interpreted as financial successes. Photographer: Andrew Harrer/Bloomberg

Dec. 10 (Bloomberg) -- President Barack Obama gets little credit from the public for economic progress under his watch as his job approval has plummeted to a new low of 42% in the Bloomberg National Poll.

* Americans by 50% to 45% say improvements in the unemployment

rate would have happened regardless of anything the Obama

administration has done * 60% say he isn’t responsible for a turnaround in housing and

64% don’t give him credit for surging stock prices,

according to the telephone poll of 1,004 Americans taken

Dec. 6-9 * 58% of Americans disapprove of his handling of the economy -

- a 10 percentage-point increase from a year ago and the

largest number since September 2011 when a showdown over

lifting the debt ceiling in August had brought the U.S. to

the brink of default * 55% disapprove of his performance on “making people like me

feel more economically secure” * Americans are in a gloomy mood this holiday season, with 67%

saying the country is on the wrong track, just one

percentage point better than three months ago

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