Obama Polls Poorly on Economy

The Hill reports:

Despite a bounce in his overall rating, approval of President Obama's handling of the economy hit an all-time low in a CBS/New York Times poll released Wednesday.

The president's overall approval rating jumped 11 points; 57 percent of those surveyed said they approve of the way Obama is handling his job, up from 46 percent who said the same in a mid-April poll.

Obama's overall bounce comes after last weekend's successful U.S. operation to kill Osama bin Laden in Pakistan. Other polls have reflected a bump in Obama's approval ratings, which political analysts say is likely a result of the killing of bin Laden.

But the president's success on that front doesn't appear to have translated into a higher opinion of his stewardship of the economy.

Just 34 percent of Americans said in the CBS/Times poll that they approved of the way Obama was handling the economy, the lowest point since he took office. That figure also reflects a downward slide since mid-February.

Fifty-five percent said they disapprove of the way Obama is handling the economy, not the lowest figure of his presidency (that was 57 percent, in mid-April), but close to it.