Americans blame everybody but Obama for economic woes

Lots of blame to go around on America’s failing economy but Americans aren’t ready to blame new President Barack Obama.

At least not yet.

A Washington Post-ABC News poll finds Obama benefits from a widespread perception that others should be blamed for the nation’s economic woes.

Consumers and the failed administration of former President George W. Bush, along with banks, financial institutions and corporations lead the list of those at fault in the eyes of those polled.

But American mood is fickle and political honeymoons usually end quickly…and badly.

Stay tuned.

Reports Reuters:

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

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.

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.