Pew Research Center’s latest poll (May 2, 2011) shows a 9 point jump in Obama’s job approval rating (56% now approve vs. 47% in April.) This bounce undoubtedly comes from bi Laden’s death. Obama’s approval rating is up 10% among Independents (52% now vs 42% in April) and 16% among 18-39 year-olds (68% now vs 52% in April). Additionally, Obama’s approval ratings are up for his handling of Afghanistan (60% approve now vs. 43% in April) and Terrorism in general (69% approve now vs. 55% in April). His approval ratings for handling Afghanistan and Terrorism went up even among Republicans (Afghanistan 43% now vs. 25% in April; Terrorism 50% now vs 37% in April).
Of course Obama’s rating for handling the economy are still low at only 40% approval, about the same as in April. See: http://people-press.org/2011/05/03/public-relieved-by-bin-ladens-death-obamas-job-approval-rises/?src=rss_main
The good news for Obama is that a president’s ratings on foreign affairs have a stronger correlation with his overall ratings (R2=0.7155) than do his ratings on handling the economy (R2=0.3364) according to some analysis by Nate Siler at Five Thirty Eight. See: http://fivethirtyeight.blogs.nytimes.com/2011/05/02/second-thoughts-about-obama-and-bin-laden-its-not-just-the-economy-stupid/
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