Irrational Exuberance

It is amazing how disconnected from reality the average American is. The latest Gallup poll proves it.
As his 100th day as president approaches next Wednesday, the survey shows Obama has not only maintained robust approval ratings but also bolstered the sense that he is a strong and decisive leader who can manage the government effectively during a time of economic crisis.
His first hundred days should have people furious over being betrayed on Iraq, shocked over his willingness to put politics ahead of good policy with the Stimulus Package, and appalled at his European and South American "I'm sorry I'm American" tour.
"A lot of things were ignored over the last eight years, and I think it's all coming home to roost," says Benjamin Bleadon, 51, an insurance broker from Skokie, Ill., who was among those surveyed. "He has given the perception that he understands the issues and that he has taken control … and we'll just have to wait and see if it works."
The bright side of this irrational exuberance is that if, and when, people catch on to reality, they will likely be upset about having been so sorely fooled.

Since October, the percentage who see Obama as a "strong and decisive leader" has jumped 12 percentage points, and his image as an effective manager has gone up 11 points.

Now, 56% say he has done an "excellent" or "good" job as president vs. 20% who rate him as "poor" or "terrible." An additional 23% say he has done "just OK."

President Reagan also took the presidency during a recession, and at this point in his term had a higher popularity than President Obama carries. But his party was pummeled when the mid-term elections came around.

His excellent/good rating on national security is 53%. On the economy, it is 48%.

When people realize that we aren't coming out of the recession just because we've had a few good weeks in the stock market there is likely to be a furor.

There are sharp partisan divisions over that, however. Nearly nine of 10 Democrats and half of independents say Obama has done an excellent or good job. One in four Republicans agree.

When the hazards of his aggression in Afghanistan come to fruition, there will likely be little patience with the peace candidate warmonger.

By more than 2-to-1, those surveyed credit Obama with keeping the promises he made during the campaign and making a sincere effort to work with congressional Republicans. In contrast, by 56%-38% they say congressional Republicans haven't made a sincere effort to work with him.

When he's running for reelection in 3 years, and we still have 40,000 troops in Iraq, his lies on ending that war will make wonderful TV commercials for the GOP.