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BighornI am the first to say I don’t have any answers, I just don’t know but I am glad this administration is not just sitting on their hands doing nothing.I have not blamed Bush for this mess and I am not going to blame someone who has only been in office five weeks….Reagan or Kennedy reincarnated could not get us out of this mess.I think tax policies comes behind health care cost, the housing and banking problem. Japan did not fix its banking problem and consumer confidence is still down.The major reasons for the layoffs was too much inventory (no consumer demand) to back that up people’s savings rate has jumped from -0% to 3% (which hurts demand). The stimulus money has not yet worked its way into the system for me to say yea or nay yet...November will be report card day.
Isn't zero consumer confidence a vote on the Bush/Obama bailouts of the last six months or so? Bush bailed out the banks and drop kicked the Dow 2,000 points. Obama is 1,000 and counting. When will the insanity stop? 4,000? 1,200? Business confidence is down, Mike. And that has more of a crippling effect on our economy than consumer dollars. Business' are in full panic mode, dropping margins, inventory, and employment numbers will continue to blow up. The so-called "rich" in this nation are voting to sitting on tons on cash to weather tax increases and failing investment market. Bush went along with runaway spending in order to keep his stupid war going. And Obama is now pushing even more spending beyond our means. Where will it stop? Any time would suit me, but I don't think we are anywhere near the bottom. We are an obscene debtor nation, eaten up with equally ugly debtor citizens. Can a currency devaluation be too far from sight? With one swift and scary move, all national, consumer, and business debt can be wiped out in an instant. At a horrible cost. Are you ready?
Unruly8iThe networks do have economist on but they are all over the map....This crisis is world wide and we are the economic engine,until we solve the bank and housing crisis; the demand side will stay down...No consumer confidenceThe DOW below 7000 is unheard of.
Various polls out there AltonWith the passing of his economic stimulus bill, President Barack Obama took a hit in his approval rating. According to a new CNN/Opinion Research Corp. poll, Obama's approval rating dipped to 67 percent, down 9 points since early February. But the numbers show the drop was mainly among Republicans.
Poll: Positive Reception For Obama Address: Seventy-nine percent of speech watchers approve of President Obama’s plans for dealing with the economic crisis. Before the speech, 62 percent approved. - CBS News, 2-24-09 Obama’s poll numbers after first month? Eh. He’s average: Washington Post/ABC News poll: President Barack Obama scores a 68 percent approval rating. At this stage in his presidency, that number is about average.Partisan breakdown: How is Obama doing in this age of post-partisanship? Some 90 percent of Democrats approve of Obama’s first month, compared to 37 percent of Republicans.Uniter, not a divider: A full 73 percent of Americans believe Obama is trying to work with Republicans. Only 34 percent believe the GOP is working with Obama.Gallup Poll: Job approval numbers are similar to the Wash Post/ABC poll. But they note Obama’s disapproval rating has doubled from from 12 percent to 24 percent. - CS Monitor, 2-24-09
I t only took me about 5 minutes to find these polls but Meet the Press, and ABC’s Sunday quoted the 70% approval, yesterday.….I usually take an avg of about 10 polls..The poll you mentioned is right leaning but last election, it was accurate.BTW Alton I never stated that the Americans were confident that the stimulus plan would work. Every WH has internal polls,and several journalist reported the reason the dems and Obama were going full steam ahead....IF ECONOMIST cannot agree ;how do you expect others to agree on asingle point.
I almost always find your blog interesting to read. I know I live in a very remote area of the country. However, I manage to still communicate will a large cross section of American. Many of them are concern about jobs and many have lost their jobs. I have yet, however, to talk to a single person that is totally confident that our government is moving in the correct direction to improve the lives of Americans. For the life of me, Mike I don't know where you get your information on polls. I get a daily update on the Rasmussen Reports/polls. And they do not show anything close to an 70% approval rate of President Obama (except when liberal voters alone are polled with a 77% approval rate). http://www.rasmussenreports.com/publi...
I'm so tired of listening to all the same talking heads. Why can't the networks bring on some economists to give their view.
sorry meant friend
Funny,I did not mention a specific program for that programed response..:)..Unless it was the tax cut for the richWhat part of that 3% increase for the wealthy is socialist?
thank you for bringing us up to date komrade