Despite the tumbling economy, Barack Obama continues to enjoy a honeymoon with the American public in the face of the most trying crisis any newly inaugurated president has encountered since Franklin Delano Roosevelt. The GOP, meanwhile, is viewed by a majority of Americans as the party of "no," without a plan of its own to fix the economy, and even rank-and-file Republicans are concerned about the party's direction, according to the first NEWSWEEK Poll taken since Obama assumed office.
"People give Obama credit for reaching out to Republicans, but they don't see Republicans reciprocating," says pollster Larry Hugick, whose firm conducted the survey. "A surprising number said bipartisanship is more important than getting things done."
Overall, 58 percent of Americans surveyed approve of the job Obama is doing, while 26 percent disapprove and one in six (16 percent) has no opinion. Although his approval ratings are down from levels seen a few weeks ago in other polls, 72 percent of Americans still say they have a favorable opinion of Obama—a higher rating than he received in NEWSWEEK Polls during the presidential campaign last year. The president's rating in this poll is consistent with estimates provided by other national media polls in the last week.
On the most important issue of the day, the NEWSWEEK Poll shows that close to two thirds (65 percent) of the public say they are very or somewhat confident that Obama will be successful in turning the economy around. That's down just a little from the 71 percent who felt that way before he took office. Still, overall perceptions of the economy remain solidly negative, with 84 percent saying the national economy is in poor shape and just 3 percent viewing things positively.
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The biggest problem for the GOP, according to the poll, may be that 58 percent of Americans believe that Republicans who have opposed Obama's economic-rescue plans have no plan of their own for turning the economy around. With the Republicans having lost the White House and both houses of Congress, public identification with the party has dropped to a recent low point of 26 percent, after running at or near 30 percent for most of the last 15 years. That's the lowest level since the Watergate era and a striking loss of stature for the party, considering that self-described conservatives continue to outnumber liberals in the country by nearly two to one (39 percent vs. 20 percent).
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http://www.newsweek.com/id/188002