Put away those pompoms: New polls confirm Obama's vulnerability on deficit: Update

the 44th President of the United States...Bara...

Image by jmtimages via Flickr

The cheerleaders have put away their pompoms.

Two new polls that take measure of President Obama confirm what I warned about last April: The president and his ambitious programs face a big push back if they deepen deficit spending.

I came to that conclusion after studying the results of a the early spring NYTimes/CBS poll on the nascent Obama presidency: At the time, the Times focused on the president’s impressive popularity. But I felt that the interpretation dismissed or ignored data signaling big legislative battles ahead for Obama and his aggressive agenda. Two months later a new NYTimes/CBS poll as well as a bipartisan poll from The Wall Street Journal/NBC focus on Obama’s deficit problems rather than on his popularity.

Today’s Times analysis drops the cheery take on the numbers it assumed in April and notes the mounting concern for deficit spending:

The poll highlights the political and governing challenges on the horizon for Mr. Obama, including the towering federal budget deficit, which is expected to push the national debt to levels that many economists say could threaten the economy’s long-term vitality. Six in 10 people surveyed (my emphasis) said the administration has yet to develop a clear plan for dealing with the deficit, including 65 percent of independents.

Back in April, the Times had given little weight to the 63% of those surveyed who said they were concerned the deficit would saddle future generations with too much debt. Now the current poll reveals an important new area of concern for deficit spending: the economy. Back in April, respondents were in a statistical heat on whether to improve the economy by deepening the deficit or slashing the deficit to improve the economy: 46% vs 45%. Now the opinion divide has widened to a noteworthy 52% vs 41%.

The WSJ analysis mirrors the shift in sentiment in the NYTimes poll:

After a fairly smooth opening, President Barack Obama faces new concerns among the American public about the budget deficit and government intervention in the economy as he works to enact ambitious health and energy legislation, a new Wall Street Journal/NBC News poll finds.

These rising doubts threaten to overshadow the president’s personal popularity and his agenda, in what may be a new phase of the Obama presidency.

“The public is really moving from evaluating him as a charismatic and charming leader to his specific handling of the challenges facing the country,” says Peter D. Hart, a Democratic pollster who conducts the survey with Republican Bill McInturff. Going forward, he says, Mr. Obama and his allies “are going to have to navigate in pretty choppy waters.”

via Public Wary of Deficit, Economic Intervention – WSJ.com.

For now, the public still overwhelming supports Obama — 56% in this poll, down from 61% in April. He gets good marks on the economy, with a 46% approval. And equally important, 46% still blame the Bush administration for the current deficits. But 58% say the president and Congress must focus on limiting the budget. And nearly seven in 10 expressed concern about government intervening in the economy.


4 thoughts on “Put away those pompoms: New polls confirm Obama's vulnerability on deficit: Update

  1. I think it’s really too early to say whether the president is vulnerable or not. If GM doesn’t succeed in getting it’s act together yes then he will be vulnerable. But if GM starts to pick up and the economy improves people won’t give a rat’s ass about the deficit. The proof of the pudding will be in the eating!

    • Hey Brian,
      I’ll take those odds. GM work out? IMHO, that’s a pipe dream. Unfortunately for Obama, deficits were a problem from the moment he took the presidential oath. Ironically, now that the dust seems to be clearing on the economy, Americans can see how much bigger the deficits are getting and they are getting a new scare. The market smash up will delay retirement for many (if they still have jobs). Now they sense that the next few generations may have trouble saving for retirement because taxes will surge to support the ambitious Obama agenda.

  2. Hey Nancy,
    Good post. What do you think the odds are the unspoken strategy to manage the deficit long-term is inflation? Or is that beyond the pale?

    • Thanks, Brendan, You raise an interesting question. Many believe that the feds are conspiring to renounce the ballooning debt by inflating it away. To my mind, conspiracy requires too much forethought and planning. And the past two years have shown quite clearly that executive management is not a strong point among policymakers.

      The new polls don’t address just how the US will cope with the deficits. I’d say that it’s the $64,000 question, but, of course, it’s much more expensive than that! It’s worthy of another post or two.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s