Obama's Approval Rating Falls Despite Wall Street Reform

By: Ashton King Email
By: Ashton King Email

President Obama is reveling in another victory on major legislation.

He's adding Wall Street reform to his list of other achievements including health care reform and the stimulus, but his approval rating continues to fall.

At the White House Thursday the President was reveling in another victory on a major piece of legislation.

"This reform puts in place the strongest consumer financial protections in history," said President Obama.

When he signs the Wall Street reform bill next week, he'll add it to a long list headlined by health care reform and the stimulus.

With so many accomplishments in just 18 months, you'd think the President would be flying high. Instead his approval rating continues to sink and now stands at just 44 percent.

So what's the problem? In a word, jobs. The President, who visited yet another stimulus project Thursday, this one in Michigan, seems powerless to do anything about an unemployment rate stuck at an excruciating 9.5 percent.

"What the President has been pushing is not working,” said Rep. John Boehner, R-OH. “Washington reports that are filled with a bunch of fuzzy math won't change the fact that the stimulus is failing."

The bad economic news has fearful democrats lashing out at each other.

White House Press Secretary Robert Gibbs ignited a firestorm this week with this comment: "I think there's no doubt there are enough seats in play that could cause Republicans to gain control."

Gibbs says he was simply stating the obvious, but sources say Speaker Nancy Pelosi is angry at Gibbs and deeply unhappy the White House isn't doing more to help.

After meeting with the President Wednesday Pelosi said he will campaign more for house democrats, but that creates another problem: many vulnerable democrats don't want the increasingly unpopular president in their districts at all.

Chip Reid reports, “Many of those vulnerable democrats say Wall Street reform is a good thing, but what their constituents desperately need now is jobs.”


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by B Location: OZARK on Jul 18, 2010 at 09:42 AM
    I AGREE WITH THE COMMENTS MADE ABOUT PRES OBAMA, HE IS KILLING OUR ECONOMY, I KNOW THAT THERE ARE SOME GOOD DEMOCRATS AROUND ( I DONT KNOW WHERE ) BUT IF THE PEOPLE OF ALABAMA AS WELL AS THE REST OF THE US ARE SMART THEY WILL VOTE FOR REPUBLICANS TO GO INTO THE SENATE AND HOUSE, I KNOW THERE ARE CROOKED REPUBLICANS ALSO BUT I JUST DONT THINK THERE ARE AS MANY AS THERE ARE DEMOCRATS.
  • by Jacob Location: Daleville, AL on Jul 16, 2010 at 03:24 PM
    All the wiregrass citizens its agree: President Obama has not improvement this fix the BP Oil Spoiled and Wall Street has totally up and down time and time its everyday rollcaster still get down yesterday at 7 points now 260 points fell. It's hard all the money and economic stress and keeping the america felling the part everybody hurts and loss all the good money because the stores closing the jeporady of economic failures on the wall street we are blamed, bp and wall street put all the mess in america's future.
  • by James Location: Cottonwood on Jul 16, 2010 at 10:27 AM
    I am amazed that someone from WTVF would even post such a stupid artical . For 18 months now , Obama and Nancy Pelosi have ignored what the people wanted . And have gone on a major spending spree with taxpayer money ! There destroying our childrens future and our country's future! And you call this an "accomplishments ! If WTVY fired you , mr.Ashton King !!!! Now that would be an accomplishment .
  • by Bill Location: Ashford on Jul 16, 2010 at 07:51 AM
    This artical is a slap in the face of the people of Dothan !! Your use of words , such as "achievements" and "accomplishments" , are the words used by the left wing media . The only think Obama has accomplished is ,to make the general public mad as hell and expanded the power of big goverment ! Mr.King ? Where did you get your approval rating figures , from the democratic party ? Because , all the polls I have seen , show's Mr.Obama's approval rating in the mid thirties persent and falling . You should try asking the people of Dothan what they think about Mr.Obama and his performance as President . For those that voted for Mr.Obama , you wanted change , you got it , just check in your pockets !
  • by Clit Location: Dothan on Jul 16, 2010 at 06:20 AM
    The fact that anyone approves of this president is baffling to me. Given any 2 choices he inevitably chooses the wrong one.
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