With the American economy showing improvement, there is no doubt that Obama political standing will improve but it will definitely take time.
As Gregory McAvoy and Peter Enns wrote, “For the most part, public opinion does not react instantaneously to changes in economic information. It takes time for economic news to make its way from government reports into news reports so that ordinary citizens can absorb and respond to this information.”
However, there’s no doubt that Obama will credit in due time. In fact, the latest GDP estimate showed a growth of 5 percent which has been the fastest since the year 2003. This is clearly an indicator that wage increase and job growth is also taking place at this time.
At the moment though, his party was thoroughly defeated in the November midterm elections and his polling figures have been languishing in the low 40s for sometime now.
Of course, a number of Democrats blame the President for not taking any credit when it comes to the economy. However, it seems more complicated than that because the party itself is divided on how the issue should be handled.
And even though some people are drawing parallels between Clinton and Obama, the truth is that the latter will never be able to achieve the kind of economic success that the former clearly did and which, in turn, helped him beat Bob Dole.
Yet there’s no doubt that just like Clinton, Obama’s approval ratings will begin to rise shortly.