But. . . but. . . but. . . it’s Bush’s fault!
The Wall Street Journal and NBC released a joint poll that shows 54 percent of respondents disapprove of the way President Obama is handling the economy, with 62 percent believing that the country is on the wrong track. 48 percent of respondents believe that Obama’s policies are “somewhat” responsible for the condition of the economy, while 34 percent believe his policies are “mainly or “solely” responsible.
Obama’s general approval has slipped under 50 percent again after getting a bounce from the killing of Osama bin Laden by U.S. forces.
The economic news got no better for Obama this week.
Jobless claims came in better than the revised estimates on Thursday, but still show an economy struggling to create jobs.
In addition, the Philly Manufacturing index reported a significant contraction in manufacturing activity.