The year 2009 dawned well for Obama with him becoming the President of United States of America. He started with a massive approval rate for his policies that were set to be implemented immediately. With eight months of power consumed by Obama, and with over one trillion dollars of taxpayers money spent without any tangible results.
The unemployment rate has only reached a 26 year high of 9.7% , and also there are no signs of real recovery in the housing and automobile sector. With the unemployment rate at record high levels, it is only obvious that the consumer spending will be low in the coming year. That spells doom for every sector in US, be it banking or housing or retail or engineering or automobile or electronics.
And Obama is also being troubled badly by the troubling countries namely Afghanistan, Iran, North Korea and Syria. All these countries are posing bigger threats than never before with few of them having access to nuclear technology.
And consumer prices of food articles are only spiking up due to reduced production across the key agricultural countries like Brazil , India and Argentina. All these are expected to push down Obama rating drastically by the beginning of 2010.
A recent survey in US conducted last month I.e, six months after being in power, has already indicated a sharp drop in Obama popularity.
Obama popularity on the decline
October - 3 - 2009 - Saturday
