WASHINGTON, (Reuters) – More Americans now disapprove of President Barack Obama than approve of him as high unemployment and government spending scare voters ahead of November’s congressional elections, a Reuters/Ipsos poll showed yesterday.
In the latest grim news for Obama’s Democrats, 72 percent of people said they were very worried about joblessness and 67 percent were very concerned about government spending.
The unemployment rate of 9.5 percent and the huge budget deficit are dragging down the Democrats and eating away at Obama’s popularity only 20 months after he took office on a wave of hope that he could turn around the economy.
Another bit of bad economic data arrived yesterday when the National Association of Realtors reported sales of existing homes plummeted in July to their slowest pace in 15 years.
Piling the pressure on Obama, the top Republican in the House of Representatives called on the administration’s economic team to quit.
