Quite a few commentators are noting that the latest Gallup poll showing that by a wafer slim margin, the majority disapprove of the burgeoning federal deficit. Perhaps of greater significance, Gallup also notes Obama's job approval rating for his handling of the economy has dropped from 59% in February to 55% today, while his disapproval rating has risen by 12 points, from 30% to 42%. The fact that Obama's approval on the economy has become more negative over this time period is of interest, given that Gallup's measure of consumer mood has become more positive between March and the current time.When analyzing these results, few have referenced Gallup's use of the lowest common denominator of political polling.  Gallup did not question likely voters, the group that best predicts future political outcomes, or even registered voters, those interested enough in the process to qualify themselves for participation. Results are based on telephone...(Read Full Post)