Confidence in Obama on economy hits new low

Confidence in Obama on economy hits new low

Confidence in President Obama’s economic policies has reached an all-time low.

Just 24 percent of Americans say they are extremely or quite confident in Obama’s plan for the economy, according to the CNBC All-America Economic survey released Tuesday. In June 2013, 33 percent gave Obama’s economic policies a thumbs-up, which was the previous record low.

Forty-four percent of Americans say they have no confidence in Obama’s economic policies, tying a previous record set in August 2012.

The lingering economic pessimism comes despite signs that the economy is growing at a solid rate and with the unemployment rate at its lowest level in six years. However, wage growth remains muted at best, leaving many Americans feeling as if the economy has not improved much at all since the recession hit.

The persistent discontent is also complicating Obama’s attempts to tout the economic gains under his watch in an effort to help Democrats hold off Republican challengers at the polls. At the same time, he acknowledges much of the lingering concern, pushing for initiatives like increasing the minimum wage and equal pay for women to further bolster Democratic campaigns.

Obama is facing broad concern about his economic policies from all groups. Just 45 percent of Democrats say they have confidence in his policies.

https://thehill.com/policy/finance/219978-confidence-in-obamas-economic-plan-hits-new-low