Friday, March 13, 2015

IBD/TIPP Poll: Working Class Gives Up On Obama, Fears Job Losses

In what could be a significant opening for the Republican Party, working-class Americans have largely abandoned President Obama and rejected his economic policies as they continue to suffer from the historically weak economic recovery, a new analysis of IBD/TIPP Poll data finds.
By wide margins, this group is more likely than any other income class to say the country is headed in the wrong direction, the economy is getting worse, and they fear losing their jobs.
Just 36% approve of the job that Obama is doing, compared with 43% overall, and vast majorities say his policies haven't helped the middle class. 
Over the past two months, IBD has asked people to identify themselves as upper class, upper-middle class, middle class, working class or lower class.
The average income for self-described working class families was just over $50,700 a year, close to the national median household income. Those calling themselves middle class had an average income of $70,800, and the average for upper-middle class was close to $100,000.
CLICK CHART to ENLARGE
High Economic Anxiety
For years, Obama has said that his policies would produce "bottom-up prosperity," and in January's State of the Union address he claimed that they were "helping working families feel more secure in a world of constant change."
The IBD/TIPP Poll shows the opposite. Working-class families are overwhelmingly discouraged with the economy and anxious about their prospects, more so than the country at large and far more than upper-middle class families, who are generally happy with the way things are going.
For example, nearly two-thirds of the working class (64%) say the country is headed in the wrong direction. Nearly as many (60%) say they're not satisfied with federal economic policies. And 53% say the economy is not improving.
Read the rest of the story HERE.

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