RUTHFULLY YOURS

You know things are really going badly for the White House when even The New York Times, the most powerful bastion of liberalism in America, is warning the president he is in serious trouble. Today’s New York Times/CBS News poll makes devastating reading for Barack Obama’s advisers, showing the nation’s mood at its lowest level for two years:

Americans are more pessimistic about the nation’s economic outlook and overall direction than they have been at any time since President Obama’s first two months in office, when the country was still officially ensnared in the Great Recession, according to the latest New York Times/CBS News poll.

Amid rising gas prices, stubborn unemployment and a cacophonous debate in Washington over the federal government’s ability to meet its future obligations, the poll presents stark evidence that the slow, if unsteady, gains in public confidence earlier this year that a recovery was under way are now all but gone… Disapproval of Mr. Obama’s handling of the economy has never been broader — at 57 percent of Americans — a warning sign as he begins to set his sights on re-election in 2012.

According to the poll, a staggering 70 percent of Americans believe the country is moving down the “wrong track”, nearly three times more than the number who believe it is heading in the “right direction” (26 percent). 39 percent believe the economy is getting worse, 16 points higher than the number who think it is getting better, and 59 percent disapprove of the way Barack Obama is handling the federal budget deficit.

There is no room for complacency on the Right however, according to the poll, with 75 percent unhappy with the way the Republican-controlled Congress is doing its job, and strong disillusionment with leadership on both sides of the political aisle:

The displeasure with officeholders of both parties is reminiscent of the mood that prevailed in November, when anti-incumbent sentiment swept Democrats out of power in the House and diminished their edge in the Senate.

But the poll also shows strong support for conservative principles, including opposition to big government and a raise in the debt limit, as well as strong support for cuts in spending for federal programmes:

In what Republicans can take as a positive sign as they seek a more limited government, 55 percent of poll respondents said they would rather have fewer services from a smaller government than more services from a bigger one, as opposed to 33 percent who said the opposite, a continuation of a trend in Times/CBS polls… Twice as many respondents said they would prefer cuts in spending on federal programs that benefit people like them as said they would favor a rise in taxes to pay for such programs.

Coming on the heels of two other major polls which show declining support for the president and mounting unhappiness with his handling of the economy, this latest New York Times poll will make the White House exceptionally nervous. There are renewed fears across America that economic growth is once again stalling, dragging down job creation and consumer confidence, and resulting in a 13 percent jump this month in the number of Americans who feel the economy is worsening. A national gloom has descended over Obama’s America, with potentially far reaching consequences for the 2012 elections, a contest that will largely be decided by debates over the economy. Hope and change is in the air, but not quite of the kind the Obama presidency envisioned.