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Obama's Popularity Dropping Below the Red Line

More than half of the American people have lost faith in President Barack Obama, according to a new opinion poll.
By Hana Levi Julian
First Publish: 6/24/2010, 1:33 PM / Last Update: 6/24/2010, 2:26 PM

Flash 90

More than half of the American people have lost faith in U.S. President Barack Obama, according to a new opinion poll.

The telephone survey, conducted June 17-21 by NBC News and the Wall Street Journal, showed that Obama's popularity is continuing to plummet, and his 50 percent approval rating of May has now dropped to 45 percent in June. Research has shown that such a drastic drop in popularity at the White House in an election year can affect the outcome of mid-term Congressional elections in November.

The economy, unemployment and the British Petroleum oil spill in the Gulf of Mexico were cited as the three top issues of concern to the American public.

The biggest worry was America's sluggish recovery on the financial front, with more than 80 percent of the 1,000 adult respondents saying they were dissatisfied with the economy.

The oil spill was almost as upsetting, with 70 percent of respondents saying they believe the spill will have a major impact on the nation's economy. Fully half of the respondents disapproved of the president's handling of the crisis, as opposed to 42 percent of those who supported his intervention.

On the employment front, more than half of respondents – 55 percent – said economic growth and creation of jobs were top priority for the federal government. An even higher percentage, 63 percent, said they thought it was important to hold down the budget deficit, even at the expense of slowing down the economy. Only 34 percent thought it was more important to push the economy at the expense of the budget deficit. The survey carried a 3.1 percentage-point margin of error.