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Obama Approval Rating Back In Positive Territory According To Gallup Poll


Obama Approval Rating

(Reuters) - President Barack Obama's job approval rating climbed steadily this month as he fought Republicans to extend the payroll tax cut and is now above his disapproval rating for the first time since July, a Gallup report showed on Tuesday.

The rating for Obama, who is running for re-election in November, climbed to 47 percent versus a 45 percent measure of disapproval, according to Gallup's three-day rolling average of polls, taken between December 21 and December 23. This was up from approval of 41 percent and disapproval of 51 percent early in the month.

On December 23, the Democratic president signed a two-month payroll tax cut extension after forcing Republicans in the U.S. House of Representatives to back his demands or see taxes rise on January 1.

The gain in the Gallup poll echoed other surveys showing his approval ratings on the mend, as public opinion sided with Obama during the bitter dispute to extend a tax cut to around 160 million Americans, worth some $40 per bi-weekly paycheck.

Obama's gain in approval ratings marks the first time since July 7-9 that the number has exceeded his disapproval rating.

U.S. economic data has also been somewhat more positive in recent weeks, and a Gallup poll of economic confidence on Tuesday showed an improvement in otherwise gloomy sentiment, to a reading of minus 38 in December from minus 45 in November.

Household confidence has been hammered since a severe recession that ended in 2009 and unemployment remains at 8.6 percent, which is beneath a 10.1 percent peak but still very high by historic U.S. standards.

The White House aggressively highlighted what $40 would buy a middle class family feeling the pinch in a tough economy, showcasing Obama's key re-election message which claims that he backs ordinary Americans while Republicans favor the rich.

House Republicans caved after their own party in the Senate, and constituents back home, lobbied them to compromise with Obama on an issue seen as a clear vote-loser in the upcoming November general election.

House Republicans wanted the tax break to be extended for all of 2012, and had initially refused to approve a 60-day extension agreed by Democrats and Republicans in the Senate.

Republicans and Democrats disagree over how to pay for the extension of the tax break and resume negotiations in January.

Democrats favor funding the more than $100 billion price tag of the extension, which also applies to longterm unemployment aid, by raising taxes on people who make more than $1 million a year. Republicans prefer to pay for it by cutting spending.

(Reporting By Alister Bull; Editing by Cynthia Osterman)


Entry #214


JAP69Comment by JAP69 - December 28, 2011, 9:21 am
Looks like that story is missing something. I understand this fee will apply to the specified mortgages obtained for the next 10 years.
Adding more burden for 10 years for short term gain.
Nice propoganda article. LOL

The extension is paid for by charging an additional 0.1 percent in fees for banks that issue mortgages backed by Fannie Mae or Freddie Mac for 10 years.

On a $200,000 house, the new fees would cost the average homebuyer $17 a month, or more than $6,000 over the course of a 30-year loan, according to Congressional estimates. (Borrowers that take out larger loans would pay more.) It will also apply to refinanced mortgages.

JAP69Comment by JAP69 - December 28, 2011, 9:36 am
I wonder how the people polled would feel if they had to pay a 0.1% fee on their monthly rent to cover this cost. Do not worry though the people that are unemployed are not going to see a nickle of this tax cut.
Hey maybe they could add a little bonus to the unemployment check to make it fair and balanced.
That is not spreading the wealth when only a few get the benefit. All those people on social services are going to be left out too.
Comment by louise black - December 28, 2011, 2:34 pm
And what the POINT!!!!!!!!!!!!!
rdgrnrComment by rdgrnr - December 28, 2011, 2:58 pm
Democrat Senate wanted a 2 month tax cut and Republican House wanted a one year tax cut.
How is it reported?
Democrats had to fight Republicans to get tax cut.
Nice work, liberal media. You got his numbers up, just like you intended.

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