A Combination of Bad Tax Cuts and More Spending Hastens President's Decline

A Combination of Bad Tax Cuts and More Spending Hastens President's Decline

Wow. It was just last week that this pollster wrote about my belief that President Obama's approval ratings would drop to somewhere in the mid-40 percentiles by early next year. It only took a matter of days. By the second week in December, Obama's approval had slipped to somewhere around 46 percent to 48 percent, depending on the poll. Those Americans who disapprove of the president's job performance had edged closer to being equal to those who approve.

If the White House wants to know why this has happened,...