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PRINCETON, NJ -- More than half of Americans (55%) describe the U.S. economy as being in a recession or depression, even as the Federal Open Market Committee (FOMC) reports that "the economic recovery is proceeding at a moderate pace." Another 16% of Americans say the economy is "slowing down," and 27% believe it is growing.
Yeah, what do the uneducated masses know? They are the ones on the front line, losing jobs, homes and paying through the nose for gas.
Some 57 percent of registered voters said they disapproved of Obama's economic management, while only 40 percent approved. That's the lowest score of his presidency.
"These numbers spell political trouble," said Lee Miringoff, the director of the Marist Institute for Public Opinion in New York, which conducted the survey.
If only the election were tomorrow, he would be gone.
Maybe the uneducated masses are right, considering these numbers.
NEW YORK (CNNMoney) -- Economic growth slowed to a crawl in the first three months of the year as a spike in gasoline, higher overall inflation and continued weakness in the housing market all took a toll on the recovery.
Gross domestic product, the broadest measure of the nation's economic health, rose at an annual rate of 1.8%, the Commerce Department reported Thursday. That's a significant slowdown from the 3.1% growth rate in the final quarter of 2010.
The so-called experts are constantly "unexpectedly" "surprised".
Obviously, the economy is taking it's toll on obama's approval rating.
What did you guys expect, Obama to take office, wave a magic wand and fix the mess left to him?
You realize it was only the right wingnuts who referred to him as "Messiah" right....
What did you guys expect, Obama to take office, wave a magic wand and fix the mess left to him?
You realize it was only the right wingnuts who referred to him as "Messiah" right....
He's the one that made the promise. I never bought into it, but I will be very vocal in reminding everyone about his lies.
What did you guys expect, Obama to take office, wave a magic wand and fix the mess left to him?
You realize it was only the right wingnuts who referred to him as "Messiah" right....
Well, it's been over two years and he's done a bit more than wave a magic wand, hasn't he?
The massive stimulus that failed miserably, sinking us another trillion+ in debt.
His mortgage refinance program(s), failed miserably.
His obamacare, an utter disaster in and of itself, again spending TRILLIONS we don't have.
In fact, I can't think of even ONE of his policies that have succeeded or made a difference...can you?
Quote:
Originally Posted by Majin
I guess the tax cuts for the rich didn't work. Lets repeal them.
You mean the status quo tax rate extensions he was put in a corner to sign?
And this guy wants to RAISE taxes on people.
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