Obama Gets Little Credit From Most in Poll for Economy

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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