Even the Poor Are Abandoning Obama, According to Gallup Poll Data

from CNS News (8/13/2010):

"In every week of his presidency until now, Barack Obama has enjoyed a majority approval rating in the Gallup Poll from people earning less than $2,000 per month. But that changed in the Gallup survey conducted from Aug. 2-8, when only 49 percent of Americans in that income bracket said they approve of the job Obama is doing.

"This marks the first time since Obama was inaugurated on January 20, 2009, when Americans in all four of the income brackets reported in Gallup’s weekly survey of presidential approval gave Obama less than 50 percent approval.

"For the week of Aug. 2-Aug. 8, only 42 percent of Americans earning $7,500 per month or more said they approve of the job Obama is doing. Forty-four percent of those earning between $5,000 and $7,499 said they approve of the job he is doing. And forty-six percent of those earning between $2,000 and $4,999 said they approve of the job he is doing." [The article continues.]

It's surprising to me that well over 40% of people in each category still support Obama. But then, well over 30% of Democrats believe the media (TV, newspaper) after all ...

Tweet

Approval Rate New Low for Obama

Rasmussen's Presidential Tracking Poll, which surveys likely voters and which is calculated as difference between "Strongly Approve" and "Strongly Disapprove", is -21 today, tying the all-time low for this president.

Even the more mainstream Gallup's Obama Job Approval shows a clear crossover: 48% Disapprove, 46% Approve.


TA (technical analysis) on Rasmussen's "Strongly Disapprove": it looks like it is about to break to the upside, after several months of basing and forming "a cup". We will see if it forms "a handle" part. The cup with handle is a bullish, continuation formation, and it could happen without a handle. The target would be the depth of the cup, so it would be about 50%.

What could trigger the upside breakout? The health care "reform" bill passed without even a vote on the bill would be a good candidate, among so many others...

Tweet