Most Americans are on a different page than the White House on the economy, according to an NBC News/Wall Street Journal poll.
The poll found that 52 percent disapproved of the way President Obama is handling the economy. The survey was conducted in the wake of the August job report, which showed that the percentage of Americans participating in the labor market was the lowest since 1978.
One of the major issues on Americans’ minds is how Congress should deal with the debt ceiling. According to this poll, 44 percent disapprove of raising it and only 22 percent approve.
The Bipartisan Policy Center estimates the limit will be reached by October 18, and the U.S. could default by the first week of November. The looming deadline has again forced Congress to begin discussions about how to handle America’s growing debt problem.
Republican pollster Bill McInturff, explained that Americans are against raising the debt ceiling because they are tired of the government’s excessive spending. He told NBC News, “People’s first instinct is how fed up they are with Washington and spending.”
After a debt ceiling showdown in 2011, Standard & Poor’s decided to downgrade the U.S. credit rating from AAA to AA + for the first time ever.
McInturff warns that a prolonged debate could once again make Wall Street react unfavorably, with adverse consequences for both political parties.
But the survey did contain some good news for Republicans. Those polled said they preferred the way Republicans are working to reduce the federal budget deficit over the Democrats’ approach by a margin of 35 percent to 22 percent.
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