Comments for Democrats Viewed as Better to Fix Economy -- Taegan Goddard's Political Wire »
Posted By cosmogenium 9 months, 4 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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beavith19 months, 4 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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Leemck029 months, 4 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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NoWayMan9 months, 4 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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Will13139 months, 4 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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dBergeron9 months, 4 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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Will13139 months, 4 weeks ago
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started selling off well before that..
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about the time everyone began to realize the economy was smoke and mirrors the past 8 years..
all built on the housing market.. and borrowing and spending... not creating anything and spending..
the only thing we create anymore is HOUSING.. -
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ybdogsct9 months, 4 weeks ago
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DBERGERON:
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"The market began selling off when everyone realized that Obama would ultimately be elected!
Really? You knew Obama was going to be elected in December 2007 -- almost a full year before elections were even held? I think I smell a liar.
LOL.
http://money.cnn.com/2008/12/01/news/economy/reces...
"The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007. The NBER is a private group of leading economists charged with dating the start and end of economic downturns." -
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willottica9 months, 4 weeks ago
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It is obvious that Obama is not concerned with what happens with the markets.
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Hooray! A politician who actually puts people first instead of money and markets. It's about bloody time. And you think that's a bad thing.
The market is free, it can do whatever it wants, and Obama should continue as he is doing, and act as he thinks is best without worrying about what "the markets" will say.-
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dBergeron9 months, 4 weeks ago
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Hooray! A politician who actually puts people first instead of money and markets. It's about bloody time. And you think that's a bad thing.
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That may possibly be one of the most stupid things that I have heard on this site!!!
It should be of great concern to all politicians! The more that people can provide for themselves, the less the government will have to provide for them. But, that is all part of Obama's plan. He wants people in this country to be dependant upon the government. That gives the Dems more power. Wow, you people never cease to amaze me at just how stupid you can prove yourselves to be!!! You can bet the Dem's spending plan that Obama and his buddies won't feel the effects.-
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willottica9 months, 4 weeks ago
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The stock market is not an accurate indicator of the health of a company, or the number of people it employs.
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The plan you're inventing for Obama is no more likely than Bush flying planes into the twin towers so that he could start 2 wars and then declare a dictatorship and continue as President indefinitely.
Playing the markets is, in my opinion, one of the causes of the current financial mess. Too many people have been sucking money out of the system by buying and selling (and trading and short-selling and speculating and hedging), without putting ANYTHING back into the system. The focus has been on the value of the stocks and the value of the businesses themselves has been lost in the shuffle.
Do you have investments? Do you know what they are? Do you know what businesses you are supporting with those investments? Do you care whether your investment does any good other than making you money?
When the price of stock goes down, does it actually hurt the company? Does it really have any impact on who they employ and what they produce? It shouldn't, unless they're having a hard time and need to sell more stocks. And it only affects their stockholders if they choose to sell.-
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dBergeron9 months, 4 weeks ago
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willottica, you are exhibiting a clear case of class envy and fanatical ramblings there, comrade. You probably believe that Bush was behind the attacks of 9/11, right? Have you, comrade, ever owned stocks? I certainly do, bubby. And, my portfolio has lost about 60% of its value since your clowns swept into congress in 2006. As I work for a small business, I do not have the luxury of a 401(k) or retirement plan. My wife and I have saved and invested for our kids college funds and our own retirement. We have watched as our hard earned money has evaporated. I don't expect that our social security will provide for us in retirement or that the government will pay our kid's tuition. So, therefore, we must do the providing ourselves. I don't want to have to depend on the government to have to do anything for me. I am quite capable, if left to my own devices, of handling that myself, comrade. I do know what companies in which we have invested. We support each and everyone of them by purchasing their products. And, quite honestly, we do care whether each company does the right thing in their business practices. We have family members who are employed by a few of these companies. And, when the stock prices go down, it definately has an effect.
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So, comrade, come on and pull it out for just a moment and get a whiff of reality, will ya? If you like socialist states, why not move on over to Sweden or France and contribute your tax money to a system that is more in line with your political beliefs. I don't think that the way to go here is government ownership of industry and private property. I don't like to be told by a government agency that I am only worth X amount of dollars per year. I say let these companies go out of business and let the free market have a field day.
But, you there sir are misguided and gullible. If you truly believe that Obama has the county's best interest at heart, think again. These guys want power and control. They want to demonize people who have acheived something in life. They like the fact that they can whip the mindless masses into a frenzy over these issues. This gives them an even larger sense of self worth. Why is it ok for these cabinet appointees to evade paying income taxes? They don't have to worry about higher taxes! They don't pay them to begin with!!! You should be OUTRAGED willotica! Instead, you have played right into their plan. Use your own F-N brain for once, will ya, comrade? Don't let these crooks and theives steal away your future and your family's future.-
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willottica9 months, 4 weeks ago
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My portfolio has lost only about 40% of its value, so I guess it's doing well.
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As for your situation, I feel for you, because it sounds like you did everything right and still lost big because the stock market is falling. Tell me though, are the companies you invest in doing as poorly as their stocks are?
You complain about the crooks and thieves in government, but ignore the crooks and thieves on Wall Street! The stock market should not rule the country.
As far as Obama's intentions, your guess is as good as mine, I suppose, but I don't think I'm an idiot, and I've learned to watch for deception through personal experience. What Obama has said has a ring of personal truth to it, and much of it stuff that I agree with.
"They like the fact that they can whip the mindless masses into a frenzy over these issues...You should be OUTRAGED willotica!"
Interesting pair of statements. And then you accuse me of playing into their plan because I'm not?
I believe that the way business has been done in America for many years has been wrong. I believe that the means of production have left, and the true wealth of the country has been given to too few. It's profoundly saddening that a person who wants to "go it alone" and live from the land cannot do so. The power is all in the corporations. They sell us our food, they sell us our heat, they provide our livelihoods.
And we use credit to buy toys to play with.
Now the bubble has burst; the fantasy of free money shattered. What are we to do? What is the government to do?
And as far as outrage goes - mine motivated me to run in the last federal election (Canadian). What has your outrage motivated you to do? -
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willottica9 months, 4 weeks ago
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I definitely agree that the stock price has an effect on the company. But I think this is either psychological or manipulated, because once the company releases a batch of stock to its investors, the ups and downs of that stock, in theory, do not affect the money on the books of the company. Unless stock in the company is being written on the books as money in the company, which would be a ridiculous notion (and I'm not entirely sure that it isn't a common one; creative accounting abounds).
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UncontrollableScaldingDiarrhea9 months, 4 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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Leemck029 months, 4 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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UncontrollableScaldingDiarrhea9 months, 4 weeks ago
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Obamatons, what are you event TALKING about?
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You think TheOne cares what kind of capitalization the companies in this country have?
Newsflash: Small businesses already produce over half the jobs in this country alone RIGHT NOW.
What do you think is going to happen to these small businesses when they face higher costs in lending because The Messiah's spending crowds out private investment? A company is going to have to me a mega corporation just to have enough clout to make a difference.
What do you think is going to happen when the Messiah saves us with cap & trade? Small businesses are going to get hammered on the other side by rising energy costs.
We need blood in the streets, but TheOne is handing out money because these corporations are too big to fail, CitiGroup, AIG, GM, etc. And in "what looks like a socialist move" break them up? Smooth move. They make this brilliant move to break them up AFTER hundreds of billions, if not trillions, is wasted.
I'm thoroughly impressed by your Messiah, Obamatons.
You people have drank the Kool-Aid. You need to wake up to what you are shoveling.
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4thchance9 months, 4 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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willottica9 months, 4 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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TheNewsseeker9 months, 4 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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dBergeron9 months, 4 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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4thchance9 months, 4 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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4thchance9 months, 4 weeks ago
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HEY (willottica)
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I sense some envy in your post, Yes, I work at home on the internet and make tons of money.
So let me guess, your 38 years old, you live with your mother (In the Basement) you have no job, you have no girlfriend, never have had one and you can't wait for Obama's hand-outs so you can go buy more drugs. I'm right aren't I?-
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willottica9 months, 4 weeks ago
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Nope, 30, live in my own house with my wife. Have a job that pays well and produces a product that people buy, but I plan to take a pay cut and go back to school to become a teacher.
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And I ran for office in the last election.
Sorry, what did you say you produce, other than money for yourself? Do you contribute to society or are you a reseller who takes someone else's hard work, repackage it, and without adding any value take profits for yourself?-
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willottica9 months, 4 weeks ago
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I think it might take too much work to actually buy and resell and make the fantastic money you're talking about. Maybe you run a traffic generator? Sending spam to people so that they'll visit a certain website and increase ad revenue?
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Clearly, I'm no good at guessing, why don't you just tell me?
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simonsez9 months, 4 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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rimbaud9 months, 4 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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simonsez9 months, 4 weeks ago
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They broke up ATT and Standard Oil when they got too big to fail.
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Citicorp and BAC are both lousy operations that need to be made less relevant, not more relevant.
AIG seems to be the holder of most bad bets. The ultimate bail-out example
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NoWayMan9 months, 4 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?-
prophyporcritesComment removed: Spammer, Hard Banned1 Reply
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simonsez9 months, 4 weeks ago
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Hopefully, some momentum in the economy.
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The Government stimulus package primarily builds us a bigger government with new cars and trucks.
Mexicans will build the roads and bridges like they did before the downturn, so many will be on their way back into the country. Cronies will get contracts to re-do government buildings and they will hire sub-contractors with Mexicans to do the work for 10% of the contract price.
Nothing new for me to spend ... and the music goes on.
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buckncindykill9 months, 4 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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NoWayMan9 months, 4 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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Commodore19 months, 4 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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