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US voters don't blame Obama for economy

(Agencies)
Updated: 2009-04-08 08:43

WASHINGTON  – US President Barack Obama benefits from a broadly held perception that others bear the bulk of responsibility for state of the US economy, according to a Washington Post/ABC News poll published on Tuesday.

US President Barack Obama (right) alongside Treasury Secretary Timothy Geithner in Washington, DC on March 30. Obama is facing a stern first test overseas at the Group of 20 economic crisis summit in London which comes two months into his presidency in which his administration has battled to contain the worst economic slump in generations. [Agencies]

Asked who was responsible for the economic meltdown, 80 percent in the poll blamed banks, financial institutions and corporations. Some 70 percent also blamed consumers for taking on too much debt and the former Bush administration for lax regulation. Only 26 percent said the Obama administration was not doing enough to turn the situation around.

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Two-thirds of respondents approve of the way Obama is handling the presidency, and 60 percent approve of the way he is handling the economy.

Sixty-four percent said were confident Obama's policies will improve the economy, down from 72 percent just before he took office in January.

Forty two percent said the country was now heading in the right direction, a five-year high. Late last year, when then-President George W. Bush was in its final months, as many as nine in 10 American said the country was heading in the wrong direction.

The poll of 1,000 adults was conducted Thursday through Sunday and had a margin of sampling error of plus or minus 3 percentage points.