Archive for October 22nd, 2009

CNN says "President Obama’s high job approval ratings continue" … ABC, CBS agree. Gallup respectfully disagrees — big time.

October 22, 2009

Ken’s Take:

I’m an avid follower of political polls.  So, the other nite when a CNN reporter said that President Obama’s high job approval ratings were still holding, it aroused my curiosity.  After all, that’s not what I recollected seeing in the polls.

My first stop: www.RealClearPolitics.com — a site that tracks polls and combines them into a “poll of polls”.

Here’s the headline on RCP:
Gallup: Obama Suffers Worst Quarter Drop in Approval Since 1953

Barack Obama has suffered the worst quarterly decline in his public approval rating of any elected president in the post-World War II era.

Obama’s average quarterly approval rating has slipped from 62 percent in the second quarter to 52.9 percent in the third quarter, according to Gallup polling.

That 9 percentage point decline is twice the amount of any other post-war elected president.

No other elected president has declined more than 5 points since 1953. 

Obama suffered the bulk of his decline in late summer, though the media was slow to notice or note.

Since summer, Obama has stabilized and generally bobbed a sliver above the 50 percent mark.

Among all presidents since WWII, Obama’s third quarter approval rating is above only Bill Clinton and Gerald Ford. Clinton averaged 48 percent in the third quarter of 1993. Ford averaged 39 percent during his 1975 third quarter.

Gallup reports that Obama’s latest quarterly average ranks 144th, or in the 44th percentile, for all post-war presidents during any quarter.

http://realclearpolitics.blogs.time.com/2009/10/21/poll-obama-worst-decline-in-approval-since-wwii/

It gets even more interesting.

RCP says that the current average rating across major polls is 52.4%.  CNN reports  55%.  Hmmm.

Interestingly, CBS reports a higher number — 56% and ABC reports a still higher 57%.  Three mainstream media shops reporting the 3 highest numbers in the sample.  Double hmmm.

The 2 surveys generally considered the most objective are Gallup — which leans a little bit left — and Rasmussen — which leans right.

Gallup reports 50%; Rasmussen calls it 47%.

So, three mainstream networks average about 7 points more than the 3rd party sources.  I’d call that statistically significant.  And, I don’t call it a coincidence …

BTW: note that Fox reports 49% — between Rasmussen & Gallup.  I didn’t throw Fox in with either group since some folks question their objectivity and they’ve been stripped by the WH of their “news network” status.

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The Data

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http://www.realclearpolitics.com/epolls/other/president_obama_job_approval-1044.html

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Note that both Gallup and Rasmussen show a decline in job approval from the high 60%s to 50% plus or minus a little. 

Gallup bounces around a little above 50%,’ Rasmussen a little below 50%.

image
http://www.gallup.com/poll/113980/gallup-daily-obama-job-approval.aspx

image 
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

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The number I like to watch is Rasmussen’s PAI — Presidential Approval Index — the difference between the % of people who strongly approve and the 5 who strongly disapprove.

Early on, Obama’s PAI was as high as plus 30%.  Now, it’s down to minus 13% — with 27% strongly approving and 40% strongly disapproving.  That means that almost 80% of the folks who disapprove, strongly disapprove.  That’s a high intensity factor.

image
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

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DVDs … going the way of the 8-track.

October 22, 2009

TakeAway:  Surprise surprise … DVDs are no longer worth the floor space. 

Now, Wal-mart has essentially crushed this product in one fell swoop.  When you leave it up to retailers to force product evolution, chances are that it is too late.

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Excerpted from WSJ “Wal-Mart Scales Back DVD Displays” By Nat Worden, October 5, 2009

Wal-Mart accounts for nearly a third of DVD retail sales in the U.S. … But, as part of a larger effort to clean up its aisles and appeal to higher-end shoppers, Wal-Mart is doing away with display cases to promote the latest hot movie titles.

The move comes as major film studios are reeling from declines in revenue from DVD sales as consumers turn to low-cost rental services and digital downloads for home movies …

“We think the new strategy implies Wal-Mart no longer sees DVDs and Blu-ray discs as traffic drivers” .

The change to its DVD selling strategy is part of a larger merchandising overhaul the company calls “Project Impact,” in which it has been devoting more shelf space to top-selling products and cutting back on items that linger.

The discount giant also is trying to spruce up its image and cut back on clutter in its aisles, like corrugated displays for DVDs, in hopes that it can attract a more upscale shopper …

Meanwhile, Wal-Mart and other major retailers, along with several fast-food chains, have been adding low-cost DVD rental kiosks, such as Redbox, near store entrances … And studios have cut deals with services like Netflix …

Edit by TJS

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Full Article
http://online.wsj.com/article/SB125470337132563199.html?mod=WSJ_hps_sections_tech

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Ignoring its product problems, GM attempts to boost sales via distribution increases

October 22, 2009

TakeAways: (1) When you give buyers a chance to bid low on your product, they will.  (2) If your  product sucks, they’ll bid low … real low.

Welcome to the era of Government Motors.

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Excerpted from WSJ, “GM, eBay End Online Sales Effort” By Geoffrey Fowler, Scott Morrison, and Sharon Terlep, September 30, 2009

General Motors is ending a seven-week experiment to sell new cars in California with eBay as many dealers report the online marketplace didn’t help sell more vehicles and led shoppers to offer low-ball prices … but the program did generate customer interest … and customer leads …

The program launched … as part of an effort to make car shopping more convenient …

The experience illustrates why car retailing, which involves peculiarities such as franchised dealers with exclusive territories and the tradition of haggling in person, makes an odd fit for the Web, where consumers expect to comparison shop for the lowest price …

The promotion didn’t allow customers to bid against each other, like they do in typical eBay auctions. Rather, they could click “Buy It Now” to purchase a car at a preset price, or send an offer to a dealer … the ridiculously low offers forced staff to sift through bids that were highly unlikely to result in sales …

Maybe GM and eBay should have done more to set appropriate expectations among shoppers, many of whom had no idea where to start their price negotiations.

Edit by TJS

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Full Article
http://online.wsj.com/article/SB125423429407549391.html#mod=todays_us_marketplace

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