Poll: Obama better for Americans' wallets
A similar survey conducted in July showed the 2 major candidates tied.
Americans increasingly believe they will be better off financially if President Barack Obama is re-elected, according to a poll released Monday by Bankrate.com (RATE). The results are a bit of good news for the incumbent, who is trying to regain lost momentum since his recent lackluster debate performance.
The poll of more than 1,000 adults, conducted by Princeton Data Source, shows 29% of respondents believe Obama is better for them financially, compared with 20% who believe Republican challenger Mitt Romney would benefit them more.
A similar poll conducted in July showed the two candidates in a tie at 21%. The margin of error is 3.7 percentage points. Not surprisingly, 62% of Americans say their personal financial situation is an important factor in their vote.
"I was a little bit surprised to see the change that happened since we did the last survey," Claes Bell, a senior banking analyst with Bankrate.com, said, adding that the survey also found that voters who feel they are worse off financially are more likely to support Romney.
Both Obama and Romney, a former Massachusetts governor, are tied in many polls. The economy is at best a mixed bag for Obama. While unemployment recently fell below 8%, it is still high. The real-estate market is showing signs of improvement, albeit at a snail's pace. Many investors and business executives are worried about the fiscal cliff, though the Republicans deserve some of the blame for the looming draconian cuts to government spending as well.
Both candidates claim to be champions of the middle class, tough they both have vastly differing approaches to the economy. The Bush tax cuts are a case in point. Obama advocates extending them for a year for households earning less than $250,000 a year. Romney favors making the reductions, passed in 2001 and 2003, permanent. Some leaders, such as New York City Mayor Mike Bloomberg, say both approaches are wrong and say the Bush tax cuts should be allowed to lapse because the U.S. cannot afford to keep them. They are scheduled to expire in 2013.
As the election draws closer, Obama will need to prove to voters that he has done the best he could with the cards he was dealt and if Americans stay the course better economic times lie ahead. That is a tough sell even in the best of times.
"The agenda and the election are being driven a lot by that personal economic fear," Matthew Singer, an assistant professor of political science at the University of Connecticut, told Bankrate.
Follow Jonathan Berr on Twitter@jdberr.
On the other hand, the Dow closed at 8776.39 on Dec. 31, 2008. Today it closed at 13551.63. Frankly, that makes me way better off than I was four years ago.
The only thing this article proves is that the majority of the people commenting are blithering idiots. Yo, Buddadon......you're top of the list.
YOU KNOW!! IT'S CALLED REDISTRIBUTION!!!!!
REMEMBER - FROM THE MEDIA - BELIEVE ONE TENTH OF WHAT YOU HEAR - AND NONE OF WHAT YOU SEE!!!
inflation is killing the people in the mid east and north africa. wink, wink, nod nod. wake up people.
Why is it so difficult for liberals and Obama fans to comprehend simple 8th grade economics???
If you have 100 people taking a slice of pie and only a few people baking the pies the pie is going to run out very quickly. That's Obama's plan......No more pie!
Now, take half those people in the pie line and put them to work in the bakery making pies two things happen, less people need the free pie and there is a heck of a lot more pie to go around for those who want it or need it.....It's called a surpluss. That's Romney's plan.......Got it? Pretty simple, right?
OBAMA DRAMA - he's an Evil Doer and Hoodlum causing death to the American way of life.
Highest National Debt on record, ObamaCare will mean No Health Care for the Elderly,
Stimulus helped the Wealthy and Bailed out Large Corporations but Where are the Jobs?
1st High End Elected Official who commented and took sides to support LGBT's.
Wants to give All illegal immigrants free citizenship. He's a Muslim and unverified as a Natural U.S. Born Citizen. Obama is Fruadulent, Wasteful, and Abuseful.
Why does anyone want more OBAMA DRAMA?
Better off with Romney.
VOTE for Mitt ROMNEY
The union is fining members for not openly campaigning for their thug leaders choices in poitical favorites and people are worried about the Koch bros? The whole process has become sleazy, demo or repub. If I had a company and influence, I would try to persuade my employees to vote in my, and consequently, their best interests.
Hollywood celebrities, most often with the intellect of a defective burro, spew out political opinions about all kind of complex issues with grand declarations of broad empty statements that confirm their ignorance. Worst part is that some people assign credibility to them. Can you imagine one of these morons having a discussion about energy where costs per BTU is at the center of the diologue? HA
The Koch brothers arent alone, former Obama supporters Steve Wynn, Mort Zuckerman and others have publicly made their fears known as to the harm their business will suffer under Obama.
Where is Oprah and Collin Powell this time around? Dont see them on the campaign trail.
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