Democrats Viewed as Better to Fix Economy -- Taegan Goddard's Political Wire »
Posted By cosmogenium 8 months, 2 weeks ago in Political NewsDemocrats Viewed as Better to Fix Economy
A preview of the latest Wall Street Journal/NBC News poll: By a 48% to 20% margin, Americans believe the Democratic Party would do a better job of getting the U.S. out of recession than the Republican Party. When this same question was asked back in 1990, the public was essentially split.
Update: The poll shows that "despite the country's struggling economy and vocal opposition to some of his policies, President Obama's favorability rating is at an all-time high. Two-thirds feel hopeful about his leadership and six in 10 approve of the job he's doing in the White House."
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cosmogenium
Your typical liberal curmudgeon old fart blogger with thoughts on most everything trying to change the world and fight fascism one mind at a time.
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beavith18 months, 2 weeks ago
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i'll believe the democratic leadership can do a better job with the economy when the market doesn't sell after every initiative gets publicized.
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(chuckle) Goppy takes great pleasure in calling the republican party 'morally vacant.' at this point, i'd call the democrats 'technically vacant.' so far, anyway. i could wake up tomorrow and they could have a fix.
i'm not holding my breathe.-
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Leemck028 months, 2 weeks ago
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beavith1, its very little sugar left to make the medicine go down, Mary Poppins might say. The inflated market has real problems and the wealth accumulators are seeing there will not be "smoke and mirrors" to prop them as big investors.
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A broker once shared an inside maximum on stock trades, "the broker makes money, the company makes money and the buyer "may or may-not" make money, Two out of Three ain't bad".
The hole they dug makes it 3 for 3 to likely lose. The "To Big To Fail" companies are failing. The initiatives are medicine; they are either to cure, a pain killer or a placebo. The previous administration has passed out to many of the latter two.
Better push for that Bottom-up to re-enter the market, re-creating a consumer base, or better a middle class. If this is not done the market is mis-diagnosed with the wrong medicine as a cure. When Wall Street starts pushing good paper again, likely a good share from small and medium growth companies, the rise will be real.
Forget the smooth ride. The question is, Scottie can you hold her together at warp speed getting out of the black hole? -
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NoWayMan8 months, 2 weeks ago
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2008 was the third worst performance year for the Dow EVER. during 2008, the market slipped 4000 POINTS!! what's happening now in the market is more a continuation of 2008 and less a reaction to anything Obama is saying or doing. duh.
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if you only had a brain.
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Will13138 months, 2 weeks ago
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Well .. twas the Republicans that F'd it up in the first place.. only makes sense that it would take an about face to get thing going right...
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beavith1.. the market's been selling off for quite some time.. finally reflecting the severity of the situation caused by the last 8 years of a WAR PRESIDENT at the helm...-
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dBergeron8 months, 2 weeks ago
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The market began selling off when everyone realized that Obama would ultimately be elected! You can look at any report and see that. You guys think that you are soooo smart and insightful. It is obvious that Obama is not concerned with what happens with the markets. If he were, he would be singing a different song. How about Obama increasing forces in Afghanistan? Is that not a war? Come on, guy. Pull your liberal head out of your arse and get a whiff of reality.
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UncontrollableScaldingDiarrhea8 months, 2 weeks ago
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Yeah, TheOne is going to fix the economy alright, by neutering it.
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Welcome to the Oconomy. Blood bath at mid-terms for the Democrats, unless they fight The Messiah's spendlust.
Democrats are already starting to balk. Keep calling and writing your Rep and Senators, people.-
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Leemck028 months, 2 weeks ago
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Uncontro, Americans in food lines and food stamps up by 25%; those numbers are increasing, all as a carry-over result of the last administration. We all know the housing market woes. You are are talking like the nation has not already been neutered.
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This adminstration was sent there to beat them (out of control business and that lockstep part of congress) until they bleed. That's what I want him to do, whip them until they show their colors so the next election brings clarity. I don't care who stays or goes. These are not my friends but representatives. Nether of the parties are my favored team, win or lose. I do favor the "party of the people" slant, the Democratic party picked up in the early 1900's from the Progressive party. However, any that are not using good judgment for the nation, and that does not mean rubber stamping, which should go. We are talking about the real democratic process again.
I want this President to say we "will" push a Bottom-up agenda, and push it up every person in congress nose's. I want them to smell it, breath it and gag on it if it is too thick for them.
This administration has to do the MATRIX thing, integrate with the conglomerates, and what looks like a socialist move, then becomes a deciding vote by the people to break them up where the small and medium companies can fill those gaps in the market.
Blood will be on the streets as this administration re-defines (it's no fixing this mess) the market place, moving it from a Top-Down centric system, to balance it for the Bottom-Stepping up. Small and Medium businesses pay and produce over 70% of the jobs and tax revenues. Yet the Top-Down structure has them begging as the big company's offshore opportunities for greed.
Let the blood of the Conglomerate be the manure in the soil that grows the Small and Medium company to re-build the American economy and lead the world, Tom Jefferson might say.
Get your business plan ready, kick your local government in the butt to be growth oriented and support you at the street level. Then hold on for the ride, the Republicans are not going to like the shift, where policy balances or shares markets with smaller companies. You have not seen the political knives and guns that will come out. That's why I want this administration to have a cannon.
You were told it won't be pretty.
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4thchance8 months, 2 weeks ago
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Oh sure, you bet. Things are looking just great on the economy front aren't they!?
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Obama is going to totally ruin the economy, and people beleive that's a good thing do they. WOW, the democrat insanity just never stops. Or perhaps this is just more liberal Dem Media spin BS. Watch, in a few months the Dow will be below 5000. So go ahead, do your best to convince yourselves that Dems are doing a great job of it. That's actually really funny.-
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willottica8 months, 2 weeks ago
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Given that many democrats were foreseeing a depression long before Obama was elected (or even nominated), I find it unreasonable to believe that a continuing economic slide is at the hands of the current president.
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His policies have not had time to take any effect whatsoever. What you see in the markets is the result of past policies and excesses by a largely corrupt and "buyable" government.
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TheNewsseeker8 months, 2 weeks ago
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I am not so sure, if anyone knows, how to get the economy going again, but it´s not the Republicans! It was a bit difficult for Barack Obama to find a candidate for this job, who always payed his taxes, but among the Republicans, there is nobody at the moment, whom I would expect to be competent enough. Sometimes, I think it could be a mistake to search for an expert in economy and financial affairs. Perhaps, having a to detailled knowledge of a subject might makes us blind for the basics. Whoever will make the saving proposal and find the effective cure, I hope, he (or she?) will hurry up, before we see some more national bankruptcies!
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dBergeron8 months, 2 weeks ago
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It was a bit difficult for Barack Obama to find a candidate for this job, who always payed his taxes
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haha! It seems that high level Democrats don't have to operate by the same standards by which everyone else is expected. That's a BS comment and you know it! If you or I cheated the IRS by a fraction of what this cast of clowns has, we would all be facing federal charges! It seems with the Democrats, there is a very fine line between elected or appointed officials and convicted felon. That should tell you something about the party! -
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4thchance8 months, 2 weeks ago
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The economy was MUCH better under Bush. Sure Bush did alot of dumb stuff, but at least we didn't lose all our savings during the Bush years. I've been self employed on the internet since 1996. I was making great money all those years, until now! The Dow is on a continual downslide ever since Obama was elected. Today, it's no different, it's still nose diving. Obama is not giving Wall Street any confidence at all. Seems wall street does not like Obamanomics. So what does the great Obama do...yesterday he tells everyone to go buy stock, he says it's a real bargain right now. You Bet Obama, we will do that so we can lose what little money we have left. What's Obama going to say to the poor folks when the markets tank, who listened to him and went out and purchased stock today on his advice. Obama is so stupid for playing a stock market expert. Just more ammo for people to hang him for soon. Obama is a greenhorn, he has no experience and he thinks he a great expert on everthing. He's an expert IDIOT is what he is. Time is going to prove he's AMERICAS WORST PRESIDENT EVER!!!! Just wait and see.
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simonsez8 months, 2 weeks ago
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A 4 month tax holiday for American workers would have been a better plan. Eliminate withholding on FICA AND income for a 4 month period, plus send a check to those who don't pay taxes.
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That gets the money out quickly and raises the spirits.
The market would be way up ... not way down.-
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rimbaud8 months, 2 weeks ago
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You may be right that it's fruitless to try and rescue the financial giants (Wall Street), and better to concentrate on the recovery package. If the car manufacturers, as badly as they are managed, had the billions that went to Wall Street, we might see a better result for the common wage-earner.
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Wall Street (DJIA) belongs somewhere in the $1,000 range. -
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NoWayMan8 months, 2 weeks ago
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the first part of what you said sounds great. don't know if it would work fiscally, don't knwo how much it would actually cost, but its a great idea in terms of getting money out and lifting spiritis, as you said.
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but, everyone needs to get this straight. the market drop is NOT some kind of pure reaction to Obama's bill. that's just ridiculous. especially in light of the fact that 2008 was the third worst performance year for the Dow EVER. in 2008 the market dropped 4000 points!! so the market was already on the downslide, big time, well before Obama even won the election back in november.
why can't the republicans seem to understand this? -
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buckncindykill8 months, 2 weeks ago
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Robert Barro, a professor of economics at Harvard and a fellow at Stanford University's Hoover Institution, opined today in the WSJ:
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"I wish I could be confident that the array of U.S. policies already in place and those likely forthcoming will be helpful. But I think it more likely that the economy will eventually recover despite these policies, rather than because of them."
Which means, why are we spending at a record pace? And on top of all of that .. we have an administration that is knowingly going to increase the price of energy in this country, and tax the businesses and the wealthy in order to make sure that it is "affordable" for everyone. In other words .. energy is going to become a "right." -
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NoWayMan8 months, 2 weeks ago
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Obama in Rasmussen Poll ( I know how much you guys love and trust Rasmussen).
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today (3.4.09):
strongly approve 42%
strongly disapprove 26%
three days ago (3.1.09):
strongly approve 38%
strongly disapprove 30%
that's an 8-point shift in Obama's favor in just three days.
woohoo!!
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Commodore18 months, 2 weeks ago
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Interesting people would answer this poll in this way after the market has been continuously going down in reponse to Obama bin Laden's stimulus package. No one could touch Ronald Reagan w/the economy. Not even Clinton. Is it just me or has a wave of blatant, head up your butt stupidity engulfed all the liberals or at least most of them? Stupidity and hatred. The basic mindset of the average liberal topped of by an appalling arrogance. And this is who is in power in DC. Scary.
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