Americans Don’t Blame Obama for Economy (Yet)
Despite the continued economic woes, Americans arenâ€™t yet ready to blame our new president. At least thatâ€™s the conclusion of a new Washington Post/ABC News poll:
Asked who was responsible for the economic meltdown, 80 percent in the poll blamed banks, financial institutions and corporations. Some 70 percent also blamed consumers for taking on too much debt and the former Bush administration for lax regulation. Only 26 percent said the Obama administration was not doing enough to turn the situation around.
Two-thirds of respondents approve of the way Obama is handling the presidency, and 60 percent approve of the way he is handling the economy.
Well, itâ€™s hard to say Obama isnâ€™t â€œdoing enough ,â€ although there are plenty of arguments that heâ€™s not doing the right things. And, in the end, thatâ€™s what will determine whether or not Americans associate the recession with Obama. If the economy rebounds, heâ€™ll get the credit. But if it continues to struggle, those â€œblameâ€ numbers will rise.
Right now, itâ€™s too soon to claim Obamaâ€™s actions have had any significant effect on the economy, one way or the other. Americans are smart enough to know it takes time to turn around a massive ship. The question is, how much longer will the grace period last and will the economy rebound before opinions on Obama shift?