Economic Woes Dampening Obama Approval Rating

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The (minority) of Americans who believe the economy is getting better has dropped since last month and that's taken a toll on President Obama's approval rating which also fell since June, according to a CBS News poll conducted July 9-12.

Obama's approval to disapproval ratio is now 57 percent to 32 percent, still respectable, but a falloff from the 63 percent to 26 percent numbers he enjoyed in early June. That coincided with the percentage of Americans who believed the economy was getting better dropping from 27 percent to 21 percent, and those believing it was getting worse rising from 25 percent to 33 percent. Forty-five percent believed it was staying about the same.

The public approves of Obama's handling of the economy by 48 percent to 44 percent with two-thirds of Democrats holding that view while independents approve by a lesser 46 percent to 43 percent and Republicans disapprove by 71 percent to 24 percent. Obama's approval rating at the beginning of June was 57 percent on the economy.

The margin of error for the poll is 3 points.

On other issues, the public approves of the way Obama is handling health care by 49 percent to 37 percent, the situation in Iraq by 60 percent to 26 percent and foreign policy in general by 53 percent to 30 percent.

On other issues, Americans approve of his handling of health care by 49 percent to 44 percent,

Fifty-two percent believe Obama is trying to accomplish too much and 39 percent say he's doing about the right amount. Those believing he's trying to do too much rose 14 points since April.

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