WASHINGTON (Reuters) – President Barack Obama faces growing concerns among voters over government spending, the auto industry bailout and other economic policies, according to two opinion polls released on Wednesday.
Obama, who took office in January, remains popular with Americans, although his overall job approval rating slipped to 56 percent, down 5 points from April, according to an NBC News/Wall Street Journal poll.
58 percent of respondents said Obama and Congress should focus on keeping the budget deficit down, even if takes longer for the economy to recover. The Congressional Budget Office estimates the federal deficit could top $1.8 trillion this fiscal year -- by far a record.
Nearly 70 percent said they had concerns about federal intervention in the economy, including Obama's decision to take an ownership stake in General Motors and the prospect of more government involvement in healthcare. Obama has made healthcare reform a top priority of his administration.