At the time of the 2008 GOP convention, President Bush’s approval rating stood at a mere 28% nationwide. Among Republicans, his approval rating stood at 63%.
When President Obama took office in 2008, the idea that Obama’s approval rating could slip anywhere near Bush’s by the time the 2012 election rolled around seemed unthinkable among Democrats. However, after years of failed policies and a startling lack of positive change, Obama’s approval rating is slipping dangerously low. It now stands at 45% and has been under 50% since June 2011. It’s a well-known fact that an approval rating under 50% in an election year is nearly an absolute guarantee that a second term will not be served.
A recent development in the Obama campaign that has not been well-received by many, and certainly is adding to the approval rating decline, is the proposed reduction in the federal corporate tax rate. Although it would benefit C corporations, many small business owners would see little benefit, if not an increase. Jessica Alexander, owner of a WEN Hair Care reviews website, says, “As a sole proprietor with a modest household income, I, sadly, will not see any benefit from this bill.”
2012 will be an interesting year for the GOP — and for the Obama camp. The election will be here before we know it.