Earlier in the week I told you about Obama's campaign speech tour that he is set to begin today. He will be giving a series of of speeches re-focusing on the economy. Or as some like to call it: Obama is pivoting back to the economy. Is this his 8th, 10th, 19th pivot back to the economy? Who's counting? But it does tell us a few things about this presidency.
In a brand new Gallup Poll released today, the economy and jobs remain at the top of the list of the most important problems facing our country. I'd argue that those issues have been at the top of the list for years, yet Obama has chosen to take his eye off the issue several times in order to focus on implementing his progressive liberal agenda. However, when he does return to the issue of the economy and jobs, Obama seems stuck on the same tax-and-spend ideas that haven't proven successful.
With the economy being the top issue for a majority of Americans, recent polls show that this could translate into a problem for Obama. Two new polls show that Obama is underwater when it comes to his approval ratings on the economy. According to CNN, “Forty-five percent of the public approves of the job the president's doing on the economy, with 51% saying they disapprove, in an NBC News/Wall Street Journal poll conducted July 17-21. And Obama stands at 45%-49% approval/disapproval on the economy in an ABC News/Washington Post survey conducted July 18-21.”
The fact is that according to a new McClatchy-Marist poll, a majority of Americans (54%) still believe that we are in a recession. Technically speaking, that is not true but it still feels that way to many Americans outside the New York-Washington corridor. That's not good for this president. But if you listen to Obama, he apparently believes entirely the opposite! He said earlier in the week, “Now, the good news is over the last five years, we fought alongside people like Nancy Pelosi. But most importantly, because of the grit and resilience and determination of the American people, we’ve been able to clear away the rubble and get back to where we were.” Did you catch that last part – Back to where we were? Is Obama kidding himself? We still have fewer people working today than we did when he became president. Median income has dropped over 7% since the recession ended. The labor force participation rate is at an all-time low. We are not expected to reach full employment until after Obama leaves office. Our economy is growing at a measly average of 1.9%. That is hardly what I would describe as “getting back to where we were.”
The disconnect is astounding. Either Obama is hoping that if he says it enough, people will believe it or he truly believes that to be the case. Either way, it's infuriating. White House officials have admitted that there will be nothing new in these speeches, so why is he making them? It's typical of this administration to think that their biggest problem is their sales pitch. When are they finally going to realize that their biggest problem is their own failed policies?