Gloomy Economic Views? Are people serious? Bush Approval at New Low

"More Americans disapprove than approve of how George W. Bush, Donald Rumsfeld and Congress are doing their jobs, while a majority approves of Condoleezza Rice. President Bush’s approval hits a record low of 33 percent this week, clearly damaged by sinking support among Republicans."

Contrast this with today's other headline: "Dow Hits Six-Year High."

Am I missing something? The stock market is convinced that things are going to get better. The polls show the publicly massively believes things are getting worse. Unemployment 4.7 percent and falling. Solid economic growth. Exceptionally high productivity growth. Could it be the media coverage? Is it really just gas prices?


Blogger Zendo Deb said...

people want something done about illegal immigration and are not happy with the Presidents stance.

That is the news of the day, that is position of something like 70% of the American public and THAT is driving the 33%

4/21/2006 9:00 PM  
Blogger John Lott said...

That is fine. I can understand that, but then people should say that they are upset about his immigration policies, not about the economy.

4/21/2006 9:02 PM  

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