Obama Draws Positive Marks on Transition, Skepticism on Economy

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Barack Obama is still in the honeymoon phase of his transition although it remains to be seen whether he will match the approval numbers President Bush and form President Clinton had as events moved into the inauguration month of January, according to an ABC News poll conducted Nov. 19-23.

A separate Gallup analysis of polling data collected between Nov. 5-23 found Americans confident about Obama's ability to be a good president by 65 percent to 28 percent. As with the ABC poll, there is a sharp partisan divide with only 28 percent of Republicans holding that view.

In the ABC poll, sixty-seven percent gave Obama positive marks for how he is handling his transition. That was better than Clinton did (62 percent) in November 1992, but in January the Clinton number was 81 percent and for Bush, in 2001, it was 72 percent. The difference was that the partisan divide was less sharp in 2001 and 1992. Only 39 percent of Republicans approve of Obama's performance so far. Clinton in November had the approval of 44 percent of Republicans, a number that rose to 72 percent in January. Bush won the approval of 57 percent of Democrats. However, Clinton's acceptance by Republicans dropped off pretty quickly after he took office.

Although Obama's recent moves such as selection of a Treasury Secretary had a favorable effect on the stock market, those polled showed skepticism about how much Obama would be able to do to improve the economy. Forty nine percent said "only some" or "not much" compared to 44 percent who said "a great deal" or "good amount." That was down from the beginning of November when the public said 50 percent to 48 percent that Obama could make things better.

Obama's reported choice of Hillary Clinton as Secretary of State drew the approval of 66 percent of interviewees.

The request from the Big Three automakers for a $25 billion loan from the government was opposed by 57 percent to 35 percent. The $700 billion bailout of financial institutions fared better but was still opposed by 47 percent to 45 percent.

A Rasmussen Reports poll conducted Nov. 19-20 said the public opposed taxpayer-funded loans to the automakers by 55 percent to 26 percent.

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