According to a Rasmussen poll, more voters now trust Republicans more than Democrats to handle the economy, by a margin of 45-39. Scott Rasmussen notes that “this is the first time in over two years of polling that the GOP has held the advantage on this issue.” Last month, he had the Democrats holding a one-point lead, but they lost it in June’s polling.
As it becomes clearer that the deficit caused by spending has landed us in a new economic crisis, entirely of Obama’s own making, his popularity and job performance are likely to drop as well.
The old recession — that the public says was caused by Bush — shows signs of winding down. But the new recession and/or inflation — triggered by Obama’s massive deficits — is just now coming upon us.
Interestingly, Obama’s polling is now the exact opposite of President Clinton’s in the days after Monica Lewinsky. Back then, the president’s approval for handling specific issues was his forte, while his job approval remained high but his personal favorability lagged 20 points behind. Ultimately, it is a politician’s performance on specific issues that determines his electability. Personal favorability withers in the face of issue differences. Obama is about to find out that you cannot rely on image to bolster your presidency when the underlying issues are crumbling.
As Xerxes eventually learned that he's not a god, so will Obama.
Obama's in for a great fall.