Obama takes heavy beating on Wednesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"When you dent a president on honesty and straightforwardness, you have done major damage that can be difficult and time-consuming to repair" 
-  Bill McInturff, a Republican pollster 

The U.S. President Barack Obama has suffered a serious political damage on Wednesday, as a new survey from the Wall Street Journal/NBC News showed the disapproval of Obama's job performance hit an all-time high of 54%. Moreover, half of this figure are considering Obamacare to be a bad idea, which become a massive drag on the economy. The survey also showed there has been a sharp erosion in approval since the last year in many attributes, such as honesty, ability to act during a crisis and leadership. What is more interesting is the fact that back in 2010 almost 60% said the healthcare law was the decisive factor in shaping their view of Barack Obama. At the time being growing dissatisfaction with Obama contrasts with solid gains in assessment of current economic conditions and future outlook. Moreover, almost two-thirds said they are satisfied with their personal financial situation, which is definitely a welcoming sign for the government. Even though, during the partial government shutdown Republican's popularity plunged to a record low, now the party enjoys a double-digit advantage on the handling of the economy. 

While the inability to reach a consensus during the government lockout is weighing on politicians' popularity, the latest 2014 budget deal marks slight improvement in their ratings. 

© Dukascopy Bank SA

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