Posts Tagged ‘handling the nation’s economy’

Americans Recognize Obama A ZERO On Economy

July 23, 2010

What does a president do when his country recognizes he is an abject failure?

July 23, 2010
CNN Poll: Obama’s approval on economy drops to new low
Posted: July 23rd, 2010 12:30 PM ET

Washington (CNN) – Americans approval of how President Barack Obama is handling the nation’s economy has dropped to its lowest level of his presidency, according to a new national poll.

A CNN/Opinion Research Corporation survey indicates that 42 percent of the public approves of how Obama’s dealing with the economy, down 2 points from March, with 57 percent disapproving of his performance on the economy, up 2 points from March. The survey’s Friday release comes as the president made comments at the White House on what he termed the progress made this week on the economy and job recovery.

Full results [pdf]

The poll suggests a wide partisan divide on the issue, with nearly eight in 10 Democrats giving the president a thumbs up and nearly nine in 10 Republicans disapproving of Obama’s job on the economy. According to the survey, two-thirds of independents disapprove of the president’s economic performance.

The public hasn’t given Obama good marks on the economy since last September, and his approval rating on the economy, now at 42 percent, has been stuck in the mid-to-low 40s throughout this year,” says CNN Polling Director Keating Holland. “Part of the reason for that is that Americans haven’t seen much to cheer about on the economic front. Nearly eight in ten say that economic conditions are somewhat poor or very poor.”

While there were some vague signs of optimism in poll results earlier this year – when the number of Americans who said that the economy was in “very poor” shape had been slowly but steadily declining – that seems to have fizzled. Thirty-seven percent said things were in poor shape in our May poll; the same number feel that way now.

So what can Barry Hussein do?  Lying about his bogus “summer of recovery” isn’t working.

And he can’t agree with other Democrats that we should keep the Bush tax cuts in place in order to prevent damaging the economy even more.  He’s too much of an ideologue for that.

Dems may keep Bush tax cuts
By Alexander Bolton – 07/22/10 06:00 AM ET

Democrats are considering a plan to delay tax hikes on the wealthy for two years because the economic recovery is slow and they fear getting crushed in November’s election.

It could mean a big reprieve for families earning $250,000 and above annually.

President George W. Bush’s tax cuts will expire at the end of the year unless Congress acts to delay their sunset.

Some Democrats are now arguing forcefully that a delay is a win-win plan that would help the federal budget without hurting the economy.

Wealthy families would not have an incentive to cut back on spending and budget writers could assume an inflow of tax funds in future years, making five- and 10-year budget projections look less scary.

How long have the Democrats been demonizing the Bush tax cuts?  Seven long years?  And now more and more of them are arguing – likely out of fear for their own political skins – that they were misrepresenting the truth all along, and the Bush tax cuts maybe didn’t actually cause the Dark Ages after all.

But Obama is way too much of an ideologue for that kind of rubbish.  That kind of acknowledgment is about as likely as a bomb-vest-wearing terrorist acknowledging that maybe Allah ISN’T so great, after all.

So what’s Obama to do?

Only one option remaining: keep blaming Bush and Republicans.  No matter how obviously asinine it is, never quit blaming, never quit trying to divert attention for his failures to some GOP straw man.

The last time Republicans ran Congress in January 2007, unemployment was at 4.6%.

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