Mar 05 2009
Looks like more Americans actually DO approve of Obama.
Is there anybody else out there that reads the Huffington Post? I find that to be a great resource and always has some really great articles. I came across one today written by David Sirota titled Polls Show Big Majority Trust Obama - Fox News & Bill Kristol Say America Doesn’t Trust Obama .
Wow that’s a really long title - but - it does get the point across. Essentially, it is a great piece about the hypocrisy of the right. He so appropriately points out that the Wall Street Journal published an article showing that by far Americans trust Obama to do the right thing and that 87% of the population believes that Obama inherited this mess from Bush - and that he is not to blame for the continued downturn in the economy - but - on that very same day, both Fox News and Kristol try to say that America has no trust in Obama as is evidenced by the way the stock market is tanking.
So - which is it? Do the American people trust Obama or not? I would say the polls are correct. As one of my commentors so appropriately pointed out in a previous discussion - don’t pay attention to the markets. It is not a good indicator of the economy as a whole. It is more of an indicator of the rich elite that can afford to buy stock. It is not representative of we the working class.
Great post Mr. Sirota - way to call those wingnuts to the carpet.
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Oh the post has been great all through the election cycle. There’s tons of good stuff to be read there.
St. Petersburg times is another good one. They run that politi-fact thing (or at least refer to it all of the time).
Hi skwguitar - where is the St. Petersburg times from? If I google it can I get the link that way?
I have tip my hat it to Mrs. Huffington, she knows when to change sides. But outside of that I can’t stand her, she was a lap dog for the neo-cons then became a phoney liberal. She was way to the right, and still is, she just refined her game and stuck on a donkey pin.
I have to strongly disagree with whoever said “don’t pay attention to the markets. It is not a good indicator of the economy as a whole. It is more of an indicator of the rich elite that can afford to buy stock. It is not representative of we the working class”.
I am NOT the rich elite by any means! But I am invested in the market in both a 529 and a Roth IRA. I put my couple hundred a month in there and have for nearly 20 years. Now 50% of it is gone. Secondly when the markets tank, companies values tank, and people get laid off! If they aren’t laying off, they certainly aren’t hiring. If companies are laying off or aren’t hiring, people stop spending because they feel they need to save or they don’t have any money. Consumer spending is 2/3rds of GDP!
So you see the market DOES affect the working class. The only way it doesnt is if you DON’T work or invest in your retirement. And I don’t think that is defined as middle class…..
Thanks for the link skwguitar
dsent - I did not know that about her. I thought she was always a Liberal - she sure seems to act like one and like she had never been for the other side.
MC - I most definitely will.
Jane Public - sorry to hear you have lost money in the market. I can see your point. But, the market is only one indicator of how the economy is fairing. That’s more a broad indicator of the large companies. Considering that 87% of all businesses in this country are small businesses - I doubt all of them are in the stock market.
I lost money in the market but I know it isn’t Obama’s fault. The trend in the market hasn’t been good since 2007. Most stoscks started flat lining then. I took out alot around that time and I am sure glad I did. Before that I was listening to Cramer. Now I know he doesn’t have aclue either. Most of my losses were recommended by him. Shame on him for slamming Obama. He is a worse offender.
That’s what cracks me up about the Rick Santelli rant… John Stewart phrased it best, but seriously…
Wall Street is fed up! They’re not going to take it anymore! Are you listening Obama???
You’ve got to be kidding me lol…
Sarah,
Respect sister, but Mrs. Huffington is hardly a liberal. Noam Chomsky is liberal, Michael Parenti is liberal, Amy Goodman-liberal but Mrs. Huffington is one step to the left of GWB and only because its politically expedient right now.