Mike Shedlock

Eighteen percent of Americans approve of the job Congress is doing, as leaders continue to work toward a solution to the looming fiscal cliff. That approval rating is unchanged from last month, but remains low from a historical perspective.



Republicans' approval of Congress fell slightly to 14% from 16% in November, while Democrats' approval increased slightly to 21% from 19%. The resulting seven-point partisan gap in approval of Congress is the largest measured since June 2011, with the exception of the 16-point gap prior to the election in October of this year.

Any Raise is Too Much

I happen to think any raise is too much.

Perhaps Obama thinks 18% approval is a stunningly good achievement following the brilliant Congressional handling of fiscal cliff issues, the smooth handling of healthcare, and the always steady handing of the budget deficit and debt ceiling.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.