Why It Matters that Obama’s Approval Rating Is Falling

Despite ridiculous hype about a recent CNN poll that showed an exaggerated 8-point drop in Obama’s approval rating, there’s no doubt that his approval rating is about 4 points lower than it was in January 2013. There’s lots of speculation as to why—see, e.g., Nate Silver. But I want to say why it matters. Justin Wolfers, for one, is dubious. And a journalist also emailed me on this subject today.

The decline matters for three reasons. [cont.]

John Sides (George Washington U.), The Monkey Cage