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Obama's ratings are falling. People in fear of more lost jobs and government spending

Tuesday, August 24, 2010

The jobs issue appears to be a very major issue now for the voters. Most Americans now seem to disapprove of President Obama as high unemployment and very high government spending seem to be on the rise these days. Almost 75% of the people polled are very concerned about joblessness and almost as much are concerned about the high government spending these days. The presidents popularity seems to be dwindling because people seem to be giving up hope on his ability to turn around the economy. Another bad indicator for the economy for President Obama is the fact that the National Association of Realtors now reports that sales of existing home have plunged in July and now at thier slowest pace in 15 years. More and more people are loosing their homes, and there seems to be a lack in a number for people who are still qualified to purchase a home. It is not easy to secure a loan these days, even with mediocre credit. Most lending institutions are weary of giving out loans to people unless they are almost certain that the borrower can repay.
The presidents approval rating has now dropped to 45% compared to the same time last month when it was at 48%. More than half of the people now seem that the country is going in the wrong direction. But it is a proven fact that the massive 2009 stimulus package did help keep the economy afloat. This would have never happened if the government didn't take the route that it did, and President Obama was very instrumental in getting the package passed. But now people seem to be loosing hope as they seem to be tired of waiting for a turn around in the economy and jobs.
The stock market today took another plunge when it dropped over 100 points.
Still, President Obama is promoting his policies and he is hopeful that the Democrats can keep control of the House and the Senate. His future in policy making and his re-election run very high on the ability to keep Democrats in control of the Congress.

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