In times like this, a good day for Barack Obama is anytime the dominant topic of discussion is anything but the economy. But, make no mistake about it; November's election is still going to be a referendum on the President's failed economic policies.
With the economy overwhelmingly the dominant issue in the election, there is growing bad news for the President. By more than 2:1, 63% to 29%, voters now believe Mitt Romney would be better at managing the economy than President Obama, according to a new USA TODAY/Gallup poll.
For the first time Mitt Romney has topped Barack Obama in the New York Times/CBS poll (47-46). Rasmussen has Romney up by 3 points (46:43). After a month of carpet bombing Romney with negative ads, the President has actually lost ground. According to the Real Clear Politics average of all polls between July 5 and July 22, Obama's 3.7 point advantage on June 27 has shriveled to just 1.1. Importantly, the trend is solidly in Romney's favor even as Obama is outspending him 2:1.
The NYT/CBS poll uncovered more problems for the President. By a margin of 55:39 voters disapprove of Obama's handling of the economy; a significant difference from the 44:48 results in April.
Further, the once-believed impervious favorability ratings of the President have started to erode. Barely a third of voters, just 36%, now have a favorable opinion of Obama, down from 42% in April.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 23rd, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Tuesday April 22nd, 2014 | John Ransom