Here’s Why Americans Give Obama an F on the Economy

source: http://www.flickr.com/photos/tonythemisfit/

source: http://www.flickr.com/photos/tonythemisfit/

The summer months have not been kind to President Barack Obama, according to Gallup’s daily tracking poll of his job approval rating. The president’s approval rating climbed as high as 57 percent and his disapproval rating fell as low as 37 percent in December of 2012, but has fallen fairly steadily since then. As of the August 19-21 period, President Obama’s approval rating is just 47 percent while his disapproval rating is 46 percent.

At a glance, the decline in the president’s approval rating can be attributed to the various political ordeals that have emerged this year to date that have incited the anger of both Republicans and Democrats. These include the IRS targeting of conservative groups for additional screening and Edward Snowden’s leak of National Security Agency documents, both of which pulled back the curtain on a government that appears at once mismanaged and dubiously motivated.

But these events are ultimately just blemishes on the Obama Administration. According to a separate Gallup survey, the most significant factor in President Obama’s approval rating is his economic track record.