Patterico's Pontifications

3/12/2012

Obama’s Approval Rating Reaches New Low as Deficits Reach New High

Filed under: General — Patterico @ 8:45 pm

Of course, the two probably aren’t correlated. It’s probably the high cost of gas that’s doing it.

Start with the low approval rating:

President Obama’s approval rating has hit the lowest level ever in CBS News polling, according to the latest CBS News/New York Times survey. The drop may be partially attributable to rising gas prices.

Just 41 percent of Americans approve of the job Mr. Obama is doing as president, according to the poll, conducted from March 7 to 11. Another 47 percent disapprove of his performance, up from 41 percent last month.

Mr. Obama’s approval rating was 50 percent last month.

And now the horrific deficits:

The federal government set a new monthly record deficit of $232 billion in February and has notched a total of $581 billion in the first five months of the fiscal year, according to the Treasury Department’s official count released Monday.

That record was set in February . . . our shortest month of the year.

Projected Obama defense: it’s a leap year!

Oh — and there’s another trillion dollar deficit coming this year.

A trillion here, a trillion there, and pretty soon, you’re talking real destruction of your children’s future.

22 Comments

  1. Bush really screwed things up.

    Comment by daleyrocks (bf33e9) — 3/12/2012 @ 8:51 pm

  2. We need to subsidize more green energy to make it cheaper so it can compete with expensive fossil fuels.

    Comment by daleyrocks (bf33e9) — 3/12/2012 @ 8:52 pm

  3. Fluke was a flop.

    Nobody likes this guy. We just need to show up like we did in 2010.

    Comment by Noodles (3681c4) — 3/12/2012 @ 8:55 pm

  4. That record was set in February . . . our shortest month of the year.

    Projected Obama defense: it’s a leap year!

    Yes! What’s the problem? Just print more money!

    Comment by Colonel Haiku (6b6c65) — 3/12/2012 @ 8:59 pm

  5. JimPethokoukis “Obama scenario: a) do zip about debt, b) keep pushing spend/reg agenda, c) wait for markets to freak, d) break the glass, grab tax/IPAB plan”

    Comment by Colonel Haiku (6b6c65) — 3/12/2012 @ 9:07 pm

  6. That record was set in February . . . our shortest month of the year.

    February is generally the month when the deficit is largest, because there are cyclical patterns governing when the government tends to collect more revenue and when it tends to spend more money. For the same reason, April usually has one of the lowest deficits.

    If you look at the Excel sheet here, you can see that February was the month with the largest deficit of the year each year going back at least to 2004 (I didn’t check further than that).

    So the fact that the record was set in February actually mitigates the concern to at least some small degree, because deficits tend to be larger in February.

    Comment by Foo Bar (c1726e) — 3/12/2012 @ 9:21 pm

  7. I feel so relieved!

    Comment by Patterico (feda6b) — 3/12/2012 @ 9:25 pm

  8. Foo Bar:

    So the fact that the record was set in February actually mitigates the concern to at least some small degree, because deficits tend to be larger in February.

    Our concerns are not mitigated. As set forth in Patterico’s last link, this is record-setting bad news:

    It is the 41st straight month the government has run a deficit — itself a record streak that dates back to the final months of President George W. Bush’s tenure. Before now, the longest streak on record was 11 months.

    Not only are we on track for another trillion dollar deficit in 2012, Obama and the Democrats want it that way:

    Mr. Obama last month released a budget that showed the government averaging $1 trillion deficits for the rest of this decade. House Republicans are working to write their own budget now, while Senate Democratic leader Sen. Harry Reid of Nevada has said he doubts his chamber will write a budget this year.

    Comment by DRJ (a83b8b) — 3/12/2012 @ 9:42 pm

  9. B-b-b-but . . . BUSH!

    Comment by Patterico (feda6b) — 3/12/2012 @ 9:43 pm

  10. “President Obama’s approval rating has hit the lowest level ever in CBS News polling…”

    Sure, America is rapidly being flushed down the toilet of socialism, but, like they say…every cloud does have a silver lining.

    Comment by Dave Surls (46b08c) — 3/12/2012 @ 9:52 pm

  11. ‘Bunnies’

    Comment by narciso (87e966) — 3/12/2012 @ 9:55 pm

  12. “The federal government set a new monthly record deficit of $232 billion in February…”

    I warned you guys what would happen if we let Obamacare pay for Sandra Fluke’s birth control pills.

    Comment by Dave Surls (46b08c) — 3/12/2012 @ 9:56 pm

  13. Wait! Let me put on my shiny fortune telling hat! Hold on!

    :::….:::

    Ok. Got it.

    Noonie loomie doodie poo… I see into the future….

    …the polls will start low… Obama will be considered the “underdog”… the lone man up against a mountain of unfair criticism [Bush! Inherited! Palin! Cunt! Ooops, sorry, that just slipped out.] And THEN! The polls will start to rise! Just like the seas did when Obama took office! And… aha! Look at that! The underdog is surging! See, he is fighting for the just and noble cause and LO, The Republicans do quake with fear and hasn’t our dear leader done a marvelous job of … something? To gain so much ground in such a short period of time? It’s a Thanksgiving miracle, Charlie Brown!

    [note: released from moderation. --Stashiu]

    Comment by Book (5b3f1d) — 3/12/2012 @ 9:59 pm

  14. DRJ:

    Our concerns are not mitigated.

    Obviously, there is still reason to be concerned about the deficit.

    My point is that the way Patterico wrote the post, it makes it seem as if it’s somehow extra-bad that this record was set in the short month of February, when in fact the deficit usually peaks every year in February.

    What value do these 2 sentences add to Patterico’s post?


    That record was set in February . . . our shortest month of the year.

    Projected Obama defense: it’s a leap year!

    It seems clear to me that they detract from the post by giving the news improper context.

    Comment by Foo Bar (c1726e) — 3/12/2012 @ 10:07 pm

  15. Coincidence I’mm sure;

    http://dailycaller.com/2012/03/13/hbos-game-change-promoted-by-same-pr-firm-that-represents-sandra-fluke/?utm_source=twitterfeed&utm_medium=twitter

    Comment by narciso (87e966) — 3/12/2012 @ 10:22 pm

  16. She has been absorbed by The Body, narciso. She is one with Landru.

    Comment by Icy (d4608c) — 3/12/2012 @ 10:53 pm

  17. I figured as much, Icy, it’s just so blatant, tey usually have different firms cover the deal.

    Comment by narciso (87e966) — 3/12/2012 @ 11:00 pm

  18. Projected Obama defense: it’s a leap year!

    Yeah, that extra day of expenses — especially for the White House Sadie Hawkins Dance — is a real killer…

    Comment by Smock Puppet, 10 Dan Snark Master (8e2a3d) — 3/13/2012 @ 3:28 am

  19. FuBar sure was bringing its B game.

    Comment by JD (d246fe) — 3/13/2012 @ 3:50 am

  20. Remember how Teh One who would control the tides and heal the planet was telling us how wrong it was to attack private citizens last week? Go look at his campaign ads attacking the Kock Brothers, Palin, Hannity, and Breitbart. Obama is a dlck.

    Comment by JD (d246fe) — 3/13/2012 @ 4:11 am

  21. Obama’s Top Ten Accomplishments

    1. Gutted defense, the only piece of the Federal Gov’t that works.
    2. Looted Medicare of $500 billion.
    3. Ran up $5,300,000,000 in new debt.
    4. Doubled gasoline prices and ruined our oil industry.
    5. Lost Egypt to muslim extremists.
    6. Threw Israel under the bus.
    7. Allowed Iran to obtain nuclear weapons from N. Korea.
    8. Smuggled 2000 guns to drug lords in Mexico used to kill two Americans.
    9. Assassinated a US citizen in Yemen without due process.
    10. Allowed terrorist attacks in the United States.

    Comment by Arch (0baa7b) — 3/13/2012 @ 4:34 am

  22. That’s uh, expected, Mama Grizzly does respond, though

    https://www.facebook.com/notes/sarah-palin/lets-talk-about-the-real-issues-mr-president/10150612033023435

    Comment by narciso (87e966) — 3/13/2012 @ 5:12 am

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