Obama Recovery Fails to Resonate as Americans Left Behind

[Purveyor]

By David J. Lynch - Jan 23, 2014

Just as the world’s largest economy is finally getting better, the public’s opinion of President Barack Obama’s handling of it is getting worse.

The U.S. economy wrapped up its best six-month performance since the recession ended, according to estimates by economists at Goldman Sachs Group Inc. (GS) and Morgan Stanley. And the jobless rate is below 7 percent for the first time since 2008.

Yet Obama will carry into next week’s State of the Union address weakening approval ratings on the economy. What’s happening, Republicans and some Democrats say, is that voters left behind in the recovery now blame him and not his predecessor, George W. Bush, and could punish Obama’s fellow Democrats in this year’s congressional elections.

“At some point, the president is going to start owning the economy,” said Simon Rosenberg, president of NDN, a Democratic-leaning research group. “It could be we’re at that point.”

In a Bloomberg National Poll last month, 58 percent of Americans disapproved of Obama’s economic stewardship, his worst showing since September 2011. Surveys by the Wall Street Journal/NBC News and Quinnipiac University show similar results.

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http://www.bloomberg.com/news/2014-01-23/obama-can-t-shake-economy-s-downside-amid-signs-of-growth.html

[jwirr]

1. There is not reason that this recovery should resonate to those of us who were left out. I spent the

day calling around to find out where and when the food shelf and other food help programs are in my area. All of them are flooded with people looking for help. Unless this recovery reaches down to us it is something other than a true recovery.