Poll: Obama’s approval rating on economy hits low

President Obama’s approval rating on the economy is at its lowest level ever, according to a new McClatchy-Marist Poll. The survey found that 57 percent of registered voters disapprove of how Obama is dealing with the nation’s economy, compared to 40 percent who approve.

“These economic numbers could spell trouble for President Obama’s re-election prospects,” Dr. Lee M. Miringoff, Director of The Marist College Institute for Public Opinion, said in a statement. “Oddly, though, he still isn’t being faulted for the sluggish economy. Most think it was there waiting for him when he took office.”

Of the people who are not happy with Obama’s performance, 65 percent do not blame him for the problems, which they say he inherited. But 30 percent of people say the economy is in a shambles because of Obama’s policies.

There also is a greater feeling that things may get worse before they improve. When thinking about the economy, 57 percent believe it will get worse, while only 39 percent say the worst is in the past. That compares with January when only 39 percent believed things would get worse and 54 percent thought the worst was behind us.

If you believe the economy will get worse, make a plan to pay down debt, cut expenses and beef up your savings account. People who have a healthy emergency savings fund stand a better chance of weathering economic woes unscathed.

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