Obama Is High in Polls, But Issues Like Mortgage and Auto Crises Help Republicans

February 19, 2009 RSS Feed Print
  • Comment (14)

By Michael Barone, Thomas Jefferson Street blog

Some interesting results from pollster Scott Rasmussen.

On the one hand, job approval of Barack Obama continues to be high: most recently 60 percent approve and 39 percent disapprove. Since his inauguration, his approval numbers has fluttered within a narrow range, from 59 percent to 63 percent, in Rasmussen's daily polling. His disapproval numbers have risen, from 29 percent on January 22 and 23, up to a range of 37 percent-39 percent starting February 7. I think that's to be expected: Republicans were less inclined to express disapproval in the afterglow of the inauguration and, as time went on and partisan differences began to be aired, more inclined to do so later. Obama might have kept those numbers low by a more bipartisan approach on the stimulus package, but sooner or later they were likely to go up.

Long-term implication: We can expect a solid majority of the public to continue to approve of the new president's performance

On the other hand, we see that the public is at odds with Obama and his party on several issues which are in the spotlight now or are likely to be in the months ahead.

Energy

Rasmussen finds that 60 percent of Americans believe that finding new energy sources is more important than reducing the amount of energy Americans now consume, while only 32 percent believe the opposite. And 51 percent believe that more nuclear plants should be built in the United States, while 31 percent disagree. Some 45 percent believe that global warming is caused primarily by long-term planetary effects, while 38 percent believe that human activity is to blame. Anthropogenetic global warming may be the consensus view of the elite (including corporate leaders who are scrambling to make money off cap-and-trade systems), but there is no such consensus among the public. Rather to the contrary; most Americans think the media is portraying global warming as worse than it is.

Mortgage relief.

Similarly, as Obama unveiled his mortgage refinancing plan, 45 percent of Americans oppose government subsidization of home mortgage payments, while 38 percent favor it.

The GM and Chrysler bailouts.

By a 57 percent to 38 percent margin, Americans believe that it's likely that General Motors and Chrysler will go out of business in the next few years. Also, 44 percent believe it's better for companies like General Motors go out of business rather than have government subsidize them, while 33 percent disagree. And 64 percent are opposed to any more government loans to General Motors and Chrysler, while 24 percent favor them.

Long-term implication: To the extent that these issues remain in the spotlight, they have the potential to erode Obama ' s support or support for Democratic candidates. In my view, it is Democratic candidates who are the more vulnerable, and the damage is already showing up in response to the generic vote question—which party's candidates for Congress do you favor?

Rasmussen's most recent poll finds Democrats ahead of Republicans by just 41 percent-39 percent. There's a big split here between investors (Republican 44 percent-36 percent) and non-investors (Democratic 50 percent-30 percent). Last week Rasmussen reported the Democratic edge on the generic vote as just 40 percent-39 percent, which I called "astonishing." This week's nearly identical result suggests that this is not just statistical noise, but something real. Rasmussen notes that over the past year, Democrats have received between 40 percent and 50 percent on the generic vote question, while Republicans have received between 34 percent and 41 percent. Which is to say, that Democrats are now at the low end of their range, while Republicans are near the high end of theirs. In the 1990s and the early years of this decade, Republicans tended to outperform their generic vote percentages in actual elections; that seemed not to be the case in 2006 and 2008.

Long-term implication: Even if Obama continues to enjoy approval ratings well above 50 percent over the next 21 months, Democratic candidates could be on weaker ground in the 2009 and 2010 elections than they were in 2006 or 2008. Which suggests that Democrats should try to run on Obama's coattails, while Republicans should run against congressional (or state) Democrats rather than against Obama. Democrats will hope that the goodwill toward the president will kindle the enthusiasm that brought so many young and black voters to the polls in 2008. Republicans will hope that voters' tendency to oppose statist policies will depress turnout among Democrats and convert some of those who voted against Republicans in 2006 and 2008 to vote for them in these new political circumstances.

There has been much speculation that we may be reaching an inflection point in opinion on the balance between government and markets. One inflection point came in the 1930s, when Americans came to mistrust markets and trust government; another came in the 1970s, when Americans came to mistrust government and trust markets. The financial crisis and recession we have been passing through has many believing that we're reaching an inflection point like the 1930s, the reversal of the inflection point of the 1970s. The results I've cited on energy, mortgage relief and the GM and Chrysler bailouts suggest we're not there yet.

On Facebook? You can keep up with Thomas Jefferson Street blog postings through Facebook's Networked Blogs.

Tags:
Rasmussen Report,
car manufacturers,
mortgages,
Republican Party,
polls,
Barack Obama

Reader Comments Read all comments (14)

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

I don't have anything against Rasmussen's polling (I even was contacted by them in a survey last summer, noteworthy because my home state was not competitive and wasn't much polled), but I think surveys from others need to be considered and factored in to get a full picture of public opinion.

Separately, I'd like to dispute this comment:

"Franklin Raines, Democrat & former CEO of Fannie, in 1999 began a program to issue mortgages to people of low to moderate income and eased credit requirements on loans purchased by Fannie. This created a housing bubble that has now been pierced. This mess was predicted by the Bush administration who attempted to tighten regulation on Fannie but was obstructed by the House Democrats."

House Democrats weren't in a position to obstruct much of anything (without GOP help) until January 2007, six years into the Bush administration. If Bush and his appointees thought that the housing bubble was a problem then why didn't they try to act earlier? If they tried from 2001-2006 and failed, then the congressional Republicans have much to answer for in that. I don't recall Tom Delay or Bill Frist calling for much tighter regulation of Fannie or Freddie. And I do remember the GOP in the 2004 campaign making a big deal of then-record homeownership as if it were a great good in itself. Remember the "ownership society" talk?

Michael Karns of MD 1:02PM February 23, 2009

The problem is everyone feels like they need handouts. I work in collections for a cell phone company and I hear every excuse possible to give more time to pay there bill. Everyone I talk to has an excuse for why they need more time or credits. This is a cell phone company, it is not a necessity. If a person is having a hard time in life and needs help with their finances, then why have the most expensive phone with the highest plan? People are not asking for help anymore they are demanding it. That is the problem with the economy today.

“I’m hurt and I need Workmen’s Comp. so I’m waiting for my check” “I’m disabled I need a disability check, but I only get it once a month.” “I lost my job I need my unemployment before I can pay my bill.” “My bill is too high I only make 4000.00 a month so I need a credit to help with the overages.” “There’s an Ice storm and I need another month to pay my bill.”

yasmin of MI 8:58PM February 20, 2009

Funny how loyal some people are

Mark of WA 7:32PM February 20, 2009

Michael Barone

Michael Barone

Michael Barone is a senior writer for U.S.News & World Report and principal coauthor of The Almanac of American Politics. He has written for many publications—including the Economist and the New York Times.

advertisement

Thomas Jefferson Street Blog

President Obama's Code Pink Heckler Medea Benjamin Was Plain Rude

It's become acceptable for people to interrupt the president while he is delivering a formal speech on a deadly serious topic.

Obama Commerce Nominee Penny Pritzker’s Tax Problem

Obama’s Commerce Department nominee has some Romney-esque tax issues.

Oklahoma Tornado Reminds Us of the Value of Teachers

The Oklahoma tornado reminds us of all the roles teachers take on.

IRS, AP and James Rosen Scandals Strike at the First Amendment

The Obama scandals paint a picture of an administration at odds with the First Amendment.

Anthony Weiner Is Too Liberal to Be New York City Mayor

New York City doesn't need another Democratic mayor.

Organizations Masquerading as Tax-Exempt is the Real IRS Scandal

The real scandal at the IRS is electioneering groups getting tax-exempt status.

E.W. Jackson Proves the Tea Party Learned Nothing

By nominating E.W. Jackson, Virginia Republicans hope extremism will save them.

IRS, AP and Benghazi Are Not Obama Scandals

The word "scandal" doesn't appropriately describe anything going on in Washington these days.

advertisement