Looks like TR might win his bet
<TABLE class=ti style="PADDING-BOTTOM: 0px" cellPadding=2 width="1%" border=0><TBODY><TR><TD noWrap colSpan=3>7169.74 -195.93 (-2.66%) Feb 23 3:05pm ET <TR><TD><TABLE cellSpacing=0 cellPadding=2 border=0><TBODY><TR><TD noWrap>Open: <TD noWrap align=right>7365.99 <TR><TD noWrap>High: <TD noWrap align=right>7441.02 <TR><TD noWrap>Low: <TD noWrap align=right>7142.26</TD></TR></TBODY></TABLE><TD width=20> <TD><TABLE cellSpacing=0 cellPadding=2 border=0><TBODY><TR><TD noWrap>Volume: <TD noWrap align=right>277,276,697 <TR><TD noWrap>Avg Vol: <TD noWrap align=right>318,532,000 <TR><TD noWrap>Mkt Cap: <TD noWrap align=right>N/A</TD></TR></TBODY></TABLE><TR><TD noWrap colSpan=3>Disclaimer</TD></TR></TBODY></TABLE>
Fact...even the left wing moonbats are bailing out on Obama. You just can't deny it's been an absolute disaster when Chris Matthews starts referring to Obama as "Barney Fife".
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This is from Jim Geraghty at NRO Campaign Spot blog:
Meltdown on MSNBC: The Leg Tingle Is Gone?
I can hardly believe what I'm watching on MSNBC right now. Chris Matthews is almost critical — no, not even almost, he's flat-out critical of President Obama on the economic front. He mentions an earlier conversation with CNBC's manic stock analyst Jim Cramer and a University of Maryland professor (Peter Morici?) knocking Obama for several economic decisions — that the stimulus bill needed more real infrastructure and less pork, that the housing bill isn't inspiring confidence and doesn't look like it will work, and that no one has faith in Tim Geithner's solution for the banks.
Howard Fineman of Newsweek says Obama has been "grim and a little distant at the same time . . . Tim Geithner hasn't inspired any confidence anywhere, as far as I can tell."
Matthews: "He seems like Barney Fife to me."
Eugene Robinson: "I actually referred to him as Doogie Howser, Treasury Secretary, and I think it's a little unfair." Much laughter ensues.
More Fineman: "Despite his high approval rating and obvious intellect and goodwill, he hasn't quite yet seemed to convey the sense that he knows the way forward and that he can get us there . . . I thought the first fifteen minutes of this show were devastating. Not that Jim Cramer is the only person they have to convince, but they have to convince people that they know what they're doing, that they're not just feeling their way forward." Robinson points out that they are feeling their way forward.
Matthews: "I thought 8,000 was the floor, and it looks like 6,000 is the floor. People are angry, I'm getting angry."
How did that 11 TRILLION DOLLAR DEBT UNDER BUSH HAPPEN?
Gosh .... amazing how the Righties on this board that have Neal Cavuto
blow up dolls "just happen to forget how the market dropped under King
Shit for brains"
AMAZING ... THEN AGAIN ... THEY "HELP TO FREE THE IRAQIS"
GWB didn't run up a $11 Trillion debt. That is the total national debt that has been brewing for along time.
actually polls saying people don't trust handing billions to AIG, C, BAC, GM etc.....the main issue they got for now as far as public goes but there really isn't any other choice....if government forced them to come clean, go it on their own, and such it would not be a pretty thing to see......
for now people giving obama and congress the benefit of the doubt but i'm not sure how long that'll last
the poll basically saying the public is saying that corporate fascism sucks....communism/socialism good.....
both are wrong....
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Poll: On economy, more trust for Washington than for Wall St.
Posted: 04:07 PM ET
WASHINGTON (CNN) — Pennsylvania Avenue beats out Wall Street in a new national poll: the survey suggests Americans have more confidence in economic decision-making coming from the White House and Congress than from Wall Street, the banks or auto executives.
And that may be one reason why a CNN/Opinion Research Corp. survey released Monday suggests that the public opposes plans to provide more taxpayer dollars to the banks and the major domestic automakers.
Three out of 10 questioned in the poll said they're confident that Wall Street will make the right decisions to help the country overcome the current economic recession. That number drops 2 points to 28 percent when asked about bankers and financial executives. And only 26 percent said they're confident that auto executives will make the right economic decisions.
But 53 percent of those questioned said they have confidence in Republicans in Congress making the right calls regarding the economy. Even more — two out of three — expressed confidence that the Democrats who control Congress will make the right economic decisions. And three out of four said they think President Barack Obama will make the right moves when it comes dealing with the recession.
"You know times are tough when Republicans have more confidence in a Democratic president than they do in bankers or Wall Street investors, but that's what the poll is showing now," said CNN Polling Director Keating Holland. "Among Republicans, 37 percent say they are confident in Obama's ability to make the right economic decisions, but only 31 percent of Republicans feel that way about Wall Street."
"Labor union leaders don't fare badly either," added CNN Senior Political Analyst Bill Schneider. "Nearly half the public has confidence in them. But Wall Street investors? Bankers and financial executives? Auto company executives? No more than 30 percent have confidence in them. Right now, Americans trust political leaders more than business leaders. That's new and it has consequences."
The poll suggests those consequences. Only 37 percent of those questioned in the survey favored more government for the ailing domestic automakers. Two of the major U.S. auto companies have asked the federal government for a program that would provide them with several billion dollars in assistance; money that Detroit says they may need to stay out of bankruptcy. Sixty-one percent opposed the assistance.
When it comes to taxpayer dollars to help the banks and financial institutions, just 36 percent favored providing the remaining $350 billion of the $700 billion allocated by Congress to assist the banks and other large financial institutions, with 62 percent opposed.
"Business scandals everywhere! Alleged multibillion-dollar swindlers Bernie Madoff and Robert Allen Stanford. … Swiss banks helping Americans hide their money. … Huge bonuses for Wall Street executives. Does the public expect those people to bail the country out? Well, no," Schneider said.
But what about homeowners who can't pay their mortgages?
"Government programs to help ordinary Americans are much more popular," Holland said. "Six in 10 favor federal assistance to homeowners facing foreclosure and seven in 10 support government programs to lower health-care costs."
Schneider added, "They're generally seen as ordinary people who made bad financial decisions. The majority says they deserve government help."
The poll also asked about a program that would increase the federal government's influence over the country's health-care system in hopes of lowering costs and proving health-care coverage to more Americans.
"The last time the government tried that, back in 1994, it didn't work. The health-care business put up fierce resistance," Schneider said.
But, Holland noted, "more than seven in 10 [in the current poll] say that they would favor a proposal that would increase the government's influence over the health-care system in an attempt to reduce costs and expand coverage."
The CNN/Opinion Research Corp. poll was conducted Wednesday and Thursday, after the president signed the stimulus package into law, with 1,046 adult Americans questioned by telephone. The survey's sampling error is plus or minus 3 percentage points.
for now people giving obama and congress the benefit of the doubt but i'm not sure how long that'll last
the poll basically saying the public is saying that corporate fascism sucks....communism/socialism good.....
both are wrong....
--------------------------------------
Poll: On economy, more trust for Washington than for Wall St.
Posted: 04:07 PM ET
WASHINGTON (CNN) — Pennsylvania Avenue beats out Wall Street in a new national poll: the survey suggests Americans have more confidence in economic decision-making coming from the White House and Congress than from Wall Street, the banks or auto executives.
And that may be one reason why a CNN/Opinion Research Corp. survey released Monday suggests that the public opposes plans to provide more taxpayer dollars to the banks and the major domestic automakers.
Three out of 10 questioned in the poll said they're confident that Wall Street will make the right decisions to help the country overcome the current economic recession. That number drops 2 points to 28 percent when asked about bankers and financial executives. And only 26 percent said they're confident that auto executives will make the right economic decisions.
But 53 percent of those questioned said they have confidence in Republicans in Congress making the right calls regarding the economy. Even more — two out of three — expressed confidence that the Democrats who control Congress will make the right economic decisions. And three out of four said they think President Barack Obama will make the right moves when it comes dealing with the recession.
"You know times are tough when Republicans have more confidence in a Democratic president than they do in bankers or Wall Street investors, but that's what the poll is showing now," said CNN Polling Director Keating Holland. "Among Republicans, 37 percent say they are confident in Obama's ability to make the right economic decisions, but only 31 percent of Republicans feel that way about Wall Street."
"Labor union leaders don't fare badly either," added CNN Senior Political Analyst Bill Schneider. "Nearly half the public has confidence in them. But Wall Street investors? Bankers and financial executives? Auto company executives? No more than 30 percent have confidence in them. Right now, Americans trust political leaders more than business leaders. That's new and it has consequences."
The poll suggests those consequences. Only 37 percent of those questioned in the survey favored more government for the ailing domestic automakers. Two of the major U.S. auto companies have asked the federal government for a program that would provide them with several billion dollars in assistance; money that Detroit says they may need to stay out of bankruptcy. Sixty-one percent opposed the assistance.
When it comes to taxpayer dollars to help the banks and financial institutions, just 36 percent favored providing the remaining $350 billion of the $700 billion allocated by Congress to assist the banks and other large financial institutions, with 62 percent opposed.
"Business scandals everywhere! Alleged multibillion-dollar swindlers Bernie Madoff and Robert Allen Stanford. … Swiss banks helping Americans hide their money. … Huge bonuses for Wall Street executives. Does the public expect those people to bail the country out? Well, no," Schneider said.
But what about homeowners who can't pay their mortgages?
"Government programs to help ordinary Americans are much more popular," Holland said. "Six in 10 favor federal assistance to homeowners facing foreclosure and seven in 10 support government programs to lower health-care costs."
Schneider added, "They're generally seen as ordinary people who made bad financial decisions. The majority says they deserve government help."
The poll also asked about a program that would increase the federal government's influence over the country's health-care system in hopes of lowering costs and proving health-care coverage to more Americans.
"The last time the government tried that, back in 1994, it didn't work. The health-care business put up fierce resistance," Schneider said.
But, Holland noted, "more than seven in 10 [in the current poll] say that they would favor a proposal that would increase the government's influence over the health-care system in an attempt to reduce costs and expand coverage."
The CNN/Opinion Research Corp. poll was conducted Wednesday and Thursday, after the president signed the stimulus package into law, with 1,046 adult Americans questioned by telephone. The survey's sampling error is plus or minus 3 percentage points.
