Where is the US economy headed?

Coming up with a "new economic system" is very difficult if not impossible. Trying to regulate the wealth of companies more equitably through its payroll and benefits programs is not an easy one to regulate, because there are too many variables that must be considered for the different industries, locations, and what is "fair" compensation.

It's mostly up to management, but company CEOs in the US are still considering the off-shoring of their jobs to cheaper labor countries. Competitive pricing needs usually outweigh what is best for the long-term economic health of our own country.

Now, this is odd. I recently read, but can't source, that Obama has a 41% approval rate. Is it possible that 96% think he can't turn around the economy, while 41% approve of the President? There are either big problems in the numbers, or some strange mental issues going on. My inclination now is to disbelieve all polls.

Here's a poll on Bill O'Reilly's web site:


Do you think President Obama will turn the economy around?
Yes
No

It is not possible that many people simply see this problem as being out of Obama's control.

If I think the problem is out of Obama's control, I can still approve of what I believe IS in his control.

Personally, I think this problem is out of Obama's control. I don't think the government will be able to fix this.

I do think that Obama can make this problem worse, and I'm on the fence as to whether or not this stimulus bill will do that.

This is a Gallup poll dated only two days ago:

roger, I personally do not believe any poll anymore unless I can see the exact questions asked, and the sampling taken. When polls are used to shape public opinion, rather than simply gauge it, then they will become skewed intentionally by the politicians and those willing accomplices of politicians, and that has now happened.

Actually, polls don't mean anything to okie; he arrives at conclusions that may be 180 degrees off from the majority voters. okie has a special skill in knowing who are honest and who are crooks just from what he reads or hears on the media. He's already said that Obama is a big failure after he's been in office for a little over one month. Special skills; first time in human history has okie's ability to evaluate "on the spot" our presidents performance after one month in office.

roger wrote:

Now, this is odd. I recently read, but can't source, that Obama has a 41% approval rate. Is it possible that 96% think he can't turn around the economy, while 41% approve of the President? There are either big problems in the numbers, or some strange mental issues going on. My inclination now is to disbelieve all polls.

*************************************************************

I don't know where you got that quote but it doesn't jibe with Rasmussen polling.

Today's poll showed that Obama had a 60% approval rate. Now, imbeciles like Cicerone Imposter, who would never believe any polls etc. does not know that politicians like Clinton who is two hundred times smarter than the imbecile, Cicerone Imposter do believe polls.
Note:( If Cicerone knew how to read he could read "Shadow" by Bob Woodward--certainly no conservative)

P. 336-

"At one point, Clinton said as a practical matter the country didn't have elections any more, What they had were photographs of public opnion polls, a kind of over-the-counter market quotation of the polls in an ongoing partisan war that would last all four years. THE NUMBERS IN THOSE POLLS WERE THE MOST IMPORTANT NUMBERS IN THE WORLD FOR CLINTON"

Since Cicerone Imposter is a clueless imbecile who never reads books on politics, he does not know this.

Rasmussen Poll today on Presidential Job Approval--Obama listed as having 60% Job Approval. Actually that is not very good for a president who has just been in office for nearly two months. ALL presidents begin with approval ratings in the sixties and seventies. In fact, GW Bush had an approval rating near ninety right after 9/11. It fell to 34% just before he left office.

Obama's rating will be below 50% by September unless the Stock Market recovers to 10,000 and the Unemployment rate falls below 7%.

I will continue to report Rasmussen Job Approval Ratings on Obama.

Maporsche wrote:

It is not possible that many people simply see this problem as being out of Obama's control.

If I think the problem is out of Obama's control, I can still approve of what I believe IS in his control.

Personally, I think this problem is out of Obama's control. I don't think the government will be able to fix this.

I do think that Obama can make this problem worse, and I'm on the fence as to whether or not this stimulus bill will do that.

***********************************

A good post--Maporsche is exactly correct.

1 Reply report Tue 3 Mar, 2009 01:18 pm Okie- Here is what Cicerone and the other left wingers either do not know or do not want to know--the key words are

COMMUNITY REINVESTMENT ACT

AND

ACORN

NOTE:


!

Economic Meltdown Fueled By Barney Frank/Christopher Dodd

By TVC Executive Director Andrea Lafferty

January 29, 2009 " As our nation faces a serious economic crisis in 2009, Americans need to understand the origins of this crisis.

The subprime mortgage crisis fueled instability in other sectors of the economy and has led a crisis in the banking industry, housing industry, auto industry " and is resulting in the layoffs of millions of Americans. A subprime mortgage is one granted to individuals with a bad credit history or no credit history. They were given no-money-down, low interest, or interest-only loans.

Democrats effectively blamed President Bush for the economic crisis and this propelled Obama into office as President of the United States for the next four years.

Is President Bush to blame? No. It was Democrat leadership going back to the Carter Administration that created this economic disaster.

The fact is that the roots of this economic crisis go back to the Clinton and Carter Administrations , the radical group ACORN, and Rep. Barney Frank (D-MA) and Senator Christopher Dodd (D-CT).

Here are the facts:
Under President Jimmy Carter, the Community Reinvestment Act (CRA) was passed. It required federal financial institutions to encourage banks to give home loans to persons with little credit and low income. Economist Russell Roberts said that the CRA played a major role in creating the sub-prime mortgage crisis in the U.S.


Under Bill Clinton, the CRA was expanded and Clinton set targets for low-income home ownership at the Department of Housing and Urban Development and at Fannie Mae and Freddie Mac. Banks were forced by the federal government to provide bad loans to unqualified people.


Rep. Barney Frank (D-MA) is Chairman of the Financial Services Committee in the House of Representatives. In 2003, he said of Fannie Mae and Freddie Mac: “These two entities " Fannie Mae and Freddie Mac " are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” In the late 1980s and early 90s, Frank was engaged in a sexual relationship with Herb Moses, who was Fannie Mae’s assistant director of product initiatives! Bill O’Reilly exposed Frank’s involvement in the mortgage crisis: YouTube - O 'Reilly - Barney Frank Had Affair with Fannie Mae Exec. Frank looked the other way, while our economy was being destroyed by federal policies created in Clinton and Carter Administrations. (Freddie Mac and Fannie Mae help fund the homosexual agenda.


In 2008, Freddie gave $20,000 to a Parents and Friends of Lesbians and Gays (PFLAG) event; Fannie Mae gave nearly $19,000 to the same event. Freddie has donated $125,000 and Fannie donated $80,000 to homosexual groups since 2005.)


Senator Christopher Dodd (D-CT) is head of the powerful banking committee in the Senate. He and Barney Frank consistently resisted attempts by the Bush Administration to closely regulate Fannie Mae and Freddie Mac. Dodd also got preferential treatment from Countrywide on two mortgages. Countrywide was one of the biggest subprime providers.


Barney Frank and Christopher Dodd received thousands of dollars in contributions from Fannie Mae and Freddie Mac over the years. Dodd has received $133,900 since 1989; Frank received $40,100. (While in the Senate, Barack Obama received $105,849).


As long ago as 2003, President Bush was trying to get the House and Senate to carefully monitor the actions of Fannie Mae and Freddie Mac. His efforts were rejected by Democrats.


Obama associates headed Fannie Mae and Freddie Mac during the years that the crisis was getting out of control. Obama friend Franklin Raines ran Fannie Mae and collected $50 million from it. Obama friend Jamie Gorelick worked for Fannie Mae and earned $26 million; Jim Johnson, formerly Obama’s vice president search committee chairman, hauled in millions from his work with Fannie Mae as CEO.


ACORN, the socialist group that routinely engages in voter fraud, was involved in pushing for risky loans to people with bad credit histories or little money for down payments. ACORN intimidated banks in Chicago and elsewhere to give risky loans! Obama actually trained ACORN workers when he was a community organizer in Chicago! ACORN used provisions of the Community Reinvestment Act to delay or halt efforts of banks to merge or expand until they had lowered their credit standards!
The financial mess we face now was created by Democrats and friends of Barack Obama over the past two decades. Yet, President Obama now pretends that his economic stimulus package will solve our crisis. What we’re now facing is four years of Obamunism " socialism with an Obama smirk.

The Congressional Budget Office (CBO) analysis of his stimulus package says that his nearly trillion dollar spending bill will do little or nothing to create or maintain jobs for the American worker! It will, however, enrich groups like ACORN and serve as a piggy bank for state and local communities to use for whatever projects they want. The money isn’t going for jobs creation but for government projects " including paying for sod for the Washington Mall.

Ican- Here is the truth about he pressure which Cyclops says did not exist.

CRA was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods. That has provided an opening to radical groups like ACORN (the Association of Community Organizations for Reform Now) to abuse the law by forcing banks to make hundreds of millions of dollars in “subprime” loans to often uncreditworthy poor and minority customers.
Any bank that wants to expand or merge with another has to show it has complied with CRA - and approval can be held up by complaints filed by groups like ACORN.
In fact, intimidation tactics, public charges of racism and threats to use CRA to block business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America’s financial institutions.
Banks already overexposed by these shaky loans were pushed still further in the wrong direction when government-sponsored Fannie Mae and Freddie Mac began buying up their bad loans and offering them for sale on world markets.
Fannie and Freddie acted in response to Clinton administration pressure to boost homeownership rates among minorities and the poor. However compassionate the motive, the result of this systematic disregard for normal credit standards has been financial disaster.

A sign of how our economy is showing strains to survive this financial crisis.

Once the DJIA broke 7000, I don't see anything stopping it down to 6,000, perhaps 5,000.

Obama was half right, he said the stock market goes up and it goes down, what a brilliant statement by the way, but under his watch, it only goes down. Nobody has any confidence in him that I have met. Where are all the Obama voters? Certainly not anyone I know.

okie, You are famous for "brilliant statements." ROFL

While the economy is tanking, because of their spending and policies, they are figuring out how to spend more trillions with government health care, trying to imitate Europeans, where health care is going broke and rationing is now the word of the day.

Read the above, ci, another brilliant statement, that even you could do if you would put your thinking cap on.

okie, You are one of the most misinformed posters on a2k. You get too much of your info from Limbaugh and FOX.

The only fact you got straight is "while the economy is tanking..." Any 12-year old knows that!

What makes you think we're "trying to imitate Europeans?" The facts are, the US spends more on healthcare than any place on earth. That's fact number one. Fact number two is "we are already rationing" healthcare. There are over 47 million Americans without health care. This may shock you, but many of those 47 million without health care belong to the (self-sufficient) republican party. Fact number three is the simple fact that our industries have greater difficulty in competing in the world marketplace, because of price competition that includes health insurance in all products and services. Fact number four is that by implementing efficiencies into the health care system, we can reduce cost. Health care premiums in the US continues to increase more than the inflation rate; that is not sustainable in any economy.

You need to get your head out of that dark place and into the light of day, or you'll spend the remainder of your life in stupid-land.

Here's what Obama is trying to do about our health care system.

What about Friday ci.? Or next October?

He just wants "to figure out what works" does he? Don't we all? I thought he got elected because he had figured out what works.

"We have to keep an open mind". Holy smoke. You can break your ribs with this stuff. ROTFLYAO is for infants.

I think I have figured it out.

The reserve boards are giving money to the banks to lend out.

The banks can't think of anybody sane or with any ideas worth backing to lend it to.