Obama approval rating at 43%: Rasmussen
posted at 10:12 am on March 10, 2010 by Ed Morrissey
Barack Obama hits the campaign trail again this month in support of a tremendously unpopular ObamaCare bill — and his numbers have started nose-diving again. Rasmussen’s latest daily poll shows Obama now at 43% approval, with 56% disapproving, the lowest figures of his presidency. His “passion index” has once again hit its lowest level at -21, as less than a quarter of registered voters now strongly approve of his performance:
The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows that 22% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty-one percent (43%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -21. That matches the lowest Approval Index rating yet recorded for this President (see trends).
Forty-two percent (42%) of Democrats Strongly Approve while 72% of Republicans Strongly Disapprove. Among those not affiliated with either major political party, 17% Strongly Approve and 45% Strongly Disapprove. …
Overall, 43% of voters say they at least somewhat approve of the President’s performance. That, too matches the lowest level yet recorded for this President. Fifty-six percent (56%) disapprove.
So far, this hard pivot to the economy has worked out well for Obama, hasn’t it? Three months ago, the White House had accurately diagnosed the political problem for Obama’s slide in the polls. Obama and the Democrats had spent most of the year haggling over a progressive hobby horse while American unemployment skyrocketed. They pledged to backburner the ObamaCare effort and start focusing on jobs, but they only turned out a wan $15 billion package that won’t stimulate any new job creation at all.
Now, Obama wants to double down and force ObamaCare through when he should be starting from scratch. He’s filling every available moment with his campaign, sucking all of the oxygen out of job-creation efforts, while his pet project only gets less popular by the day. Small wonder that only 22% of the electorate has strong approval of his performance.
It took George Bush almost six years to get to this level of job approval. Obama’s managed it in 14 months. That’s change no one can believe in, apparently.









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boy we sure dodged a bullet in 2008 didn’t we:
I guess a small-town mayor is sort of like a “community organizer,” except that you have actual responsibilities. I might add that in small towns, we don’t quite know what to make of a candidate who lavishes praise on working people when they are listening, and then talks about how bitterly they cling to their religion and guns when those people aren’t listening.
We tend to prefer candidates who don’t talk about us one way in Scranton and another way in San Francisco.
As for my running mate, you can be certain that wherever he goes, and whoever is listening, John McCain is the same man. I’m not a member of the permanent political establishment. And I’ve learned quickly, these past few days, that if you’re not a member in good standing of the Washington elite, then some in the media consider a candidate unqualified for that reason alone.
But here’s a little news flash for all those reporters and commentators: I’m not going to Washington to seek their good opinion. I’m going to Washington to serve the people of this country. Americans expect us to go to Washington for the right reasons, and not just to mingle with the right people.
Politics isn’t just a game of clashing parties and competing interests.
The right reason is to challenge the status quo, to serve the common good, and to leave this nation better than we found it.
No one expects us to agree on everything.
But we are expected to govern with integrity, good will, clear convictions, and … a servant’s heart.
I pledge to all Americans that I will carry myself in this spirit as vice president of the United States. This was the spirit that brought me to the governor’s office, when I took on the old politics as usual in Juneau … when I stood up to the special interests, the lobbyists, big oil companies, and the good-ol’ boys network.
Sudden and relentless reform never sits well with entrenched interests and power brokers. That’s why true reform is so hard to achieve.
But with the support of the citizens of Alaska, we shook things up.
And in short order we put the government of our state back on the side of the people.
I came to office promising major ethics reform, to end the culture of self-dealing. And today, that ethics reform is the law.
While I was at it, I got rid of a few things in the governor’s office that I didn’t believe our citizens should have to pay for.
That luxury jet was over the top. I put it on eBay.
I also drive myself to work.
And I thought we could muddle through without the governor’s personal chef — although I’ve got to admit that sometimes my kids sure miss her. I came to office promising to control spending — by request if possible and by veto if necessary.
Sen. McCain also promises to use the power of veto in defense of the public interest — and as a chief executive, I can assure you it works.
Our state budget is under control.
We have a surplus.
And I have protected the taxpayers by vetoing wasteful spending: nearly half a billion dollars in vetoes.
I suspended the state fuel tax and championed reform to end the abuses of earmark spending by Congress.
I told the Congress “thanks, but no thanks,” for that Bridge to Nowhere.
If our state wanted a bridge, we’d build it ourselves. When oil and gas prices went up dramatically, and filled up the state treasury, I sent a large share of that revenue back where it belonged — directly to the people of Alaska.
And despite fierce opposition from oil company lobbyists, who kind of liked things the way they were, we broke their monopoly on power and resources.
As governor, I insisted on competition and basic fairness to end their control of our state and return it to the people.
I fought to bring about the largest private-sector infrastructure project in North American history.
And when that deal was struck, we began a nearly 40 billion-dollar natural gas pipeline to help lead America to energy independence.
That pipeline, when the last section is laid and its valves are opened, will lead America one step farther away from dependence on dangerous foreign powers that do not have our interests at heart.
The stakes for our nation could not be higher.
When a hurricane strikes in the Gulf of Mexico, this country should not be so dependent on imported oil that we are forced to draw from our Strategic Petroleum Reserve.
And families cannot throw away more and more of their paychecks on gas and heating oil.
With Russia wanting to control a vital pipeline in the Caucasus, and to divide and intimidate our European allies by using energy as a weapon, we cannot leave ourselves at the mercy of foreign suppliers.
To confront the threat that Iran might seek to cut off nearly a fifth of world energy supplies … or that terrorists might strike again at the Abqaiq facility in Saudi Arabia … or that Venezuela might shut off its oil deliveries … we Americans need to produce more of our own oil and gas.
And take it from a gal who knows the North Slope of Alaska: We’ve got lots of both.
Our opponents say, again and again, that drilling will not solve all of America’s energy problems — as if we all didn’t know that already.
But the fact that drilling won’t solve every problem is no excuse to do nothing at all.
Starting in January, in a McCain-Palin administration, we’re going to lay more pipelines … build more nuclear plants … create jobs with clean coal … and move forward on solar, wind, geothermal and other alternative sources.
We need American energy resources, brought to you by American ingenuity, and produced by American workers. I’ve noticed a pattern with our opponent.
unseen on March 10, 2010 at 10:45 AM
No, but I’m pretty positive there is an app.
katy the mean old lady on March 10, 2010 at 10:45 AM
I dunno – let’s revisit that after this week’s SNL; I think even they will recognize the comedy gold of the massa/rahm shower scene. we’ll see if they do it justice or not though, hehe.
Midas on March 10, 2010 at 10:45 AM
McGovern got 37.5% in 1972.
Carter got 41% in 1980.
This is close to an absolute bottom.
Ted Torgerson on March 10, 2010 at 10:46 AM
ffs, quit that.
Midas on March 10, 2010 at 10:47 AM
Let’s say for a minute that the Dems never get enough “yes” votes for HC reform…Once the TEA parties start up again and congress has to go back home and listen to us again, even the most ardent leftist congressman/woman will realize that futility if they want to get re-elected.
Where does he go from there? He gave a weeks worth of lip service to new jobs, then despite all opinion to the contrary, pivoted back to HC reform again. BHO cannot leave this alone (its the crown jewel in his plan for an expanded welfare state) and its becoming clear that his obsession with HCR is contributing to delaying any potential economic recovery. This is precisely the scenario that should scare us all the most, another year with massive economic uncertainty with only an expanded government as a possible solution coming from the White House. In the industries I deal with, no one is hiring (more layoffs and contraction than hiring and expansion) and business is flat at best. Generally, I am an optimist about the American economy but its getting difficult to see a light at the end of the tunnel.
Is it going to take “pitchforks and torches” to wake these people up?
Tony253 on March 10, 2010 at 10:48 AM
We’ve all heard his dramatic speeches before devoted followers.
And there is much to like and admire about our opponent.
But listening to him speak, it’s easy to forget that this is a man who has authored two memoirs but not a single major law or reform — not even in the state Senate.
This is a man who can give an entire speech about the wars America is fighting and never use the word “victory” except when he’s talking about his own campaign. But when the cloud of rhetoric has passed … when the roar of the crowd fades away … when the stadium lights go out, and those Styrofoam Greek columns are hauled back to some studio lot — what exactly is our opponent’s plan? What does he actually seek to accomplish, after he’s done turning back the waters and healing the planet? The answer is to make government bigger … take more of your money … give you more orders from Washington … and to reduce the strength of America in a dangerous world. America needs more energy … our opponent is against producing it.
Victory in Iraq is finally in sight … he wants to forfeit.
Terrorist states are seeking nuclear weapons without delay … he wants to meet them without preconditions.
Al-Qaida terrorists still plot to inflict catastrophic harm on America … he’s worried that someone won’t read them their rights? Government is too big … he wants to grow it.
Congress spends too much … he promises more.
Taxes are too high … he wants to raise them. His tax increases are the fine print in his economic plan, and let me be specific.
The Democratic nominee for president supports plans to raise income taxes … raise payroll taxes … raise investment income taxes … raise the death tax … raise business taxes … and increase the tax burden on the American people by hundreds of billions of dollars. My sister Heather and her husband have just built a service station that’s now opened for business — like millions of others who run small businesses.
How are they going to be any better off if taxes go up? Or maybe you’re trying to keep your job at a plant in Michigan or Ohio … or create jobs with clean coal from Pennsylvania or West Virginia … or keep a small farm in the family right here in Minnesota.
How are you going to be better off if our opponent adds a massive tax burden to the American economy? Here’s how I look at the choice Americans face in this election.
In politics, there are some candidates who use change to promote their careers.
And then there are those, like John McCain, who use their careers to promote change.
They’re the ones whose names appear on laws and landmark reforms, not just on buttons and banners, or on self-designed presidential seals.
Among politicians, there is the idealism of high-flown speechmaking, in which crowds are stirringly summoned to support great things.
Almost like she had a crystal ball.
unseen on March 10, 2010 at 10:48 AM
FIFY
huskerdiva on March 10, 2010 at 10:48 AM
Can we get a ban/warning here?
Dude – start your own blog or write a book or something.
Midas on March 10, 2010 at 10:50 AM
I’ve been wondering about this myself. We are ~2 1/2 months (or so) away from the summer driving season. When gasoline prices traditionally rise. And while the thought of Obama losing even more popularity is tempting to smile about, Congressional hearings into “windfall” oil company profits, a brand new “cash for gas” program or some sort of push for a Chavezian takeover of oil companies (if they can do it to the health care industry, why not ‘Big Oil’?) can’t be far from his diabolical mind.
Left Coast Right Mind on March 10, 2010 at 10:50 AM
FIFY
chemman on March 10, 2010 at 10:51 AM
I don’t think anything short of nuclear weapons will be able to get their attention.
MarkTheGreat on March 10, 2010 at 10:51 AM
+100
Insert witty screen name here on March 10, 2010 at 10:52 AM
unseen on March 10, 2010 at 10:48 AM
HTML links are your friend.
MarkTheGreat on March 10, 2010 at 10:52 AM
Thanks! Getting carpal tunnel syndrome from scrolling past the screeds.
katy the mean old lady on March 10, 2010 at 10:53 AM
I think you may have a point about a Bradley Effect operating here. For blacks and the hard left, they feel duty-bound to defend Obama to the death. For independents who voted for Obama and can’t quite turn their backs on him, their white guilt precludes them from acknowledging that the country’s experiment in an affirmative-action president was a failure.
BuckeyeSam on March 10, 2010 at 10:53 AM
FIFY?
Insert witty screen name here on March 10, 2010 at 10:54 AM
oh noes! Someone posted something in a comment section!
daesleeper on March 10, 2010 at 10:54 AM
Midas on March 10, 2010 at 10:50 AM
yeah I know the truth sucks doesn’t it. we got a president with a 43% approval rating due to his failuers which we were told about over and over again would happen. the MSM failed us by not reporting these known facts. The RNC is failing us now by not changing course form their Rino leadership. Everything that is happening we were warned about. sorry if you can’t handle the truth. By all means let’s ban the truth
unseen on March 10, 2010 at 10:56 AM
See, it’s Bush’s fault, because our historic president had to follow his failure of a presidency…..the past eight years made everyone MAD at presidents! You’re all a bunch of racists if you don’t see the majestic majesty of this historic president….Did President BUSH have a CHIA PET of his head?
/s
HornetSting on March 10, 2010 at 10:57 AM
Which might cause a nuclear winter, and then we have to hear them trying to tax us for global cooling.
Liam on March 10, 2010 at 10:57 AM
Maybe whackin them in the head with a 2 x 4????? BTW- I like think nuculear weapons was right on!
huskerdiva on March 10, 2010 at 10:57 AM
FIFY
huskerdiva on March 10, 2010 at 10:48 AM
thanks–*purposefully avoiding the ban hammer*
ted c on March 10, 2010 at 10:58 AM
Is it going to take “pitchforks and torches” to wake these people up?
I don’t think anything short of nuclear weapons will be able to get their attention.
MarkTheGreat on March 10, 2010 at 10:51 AM
Now we know what people in third world nations feel like who have a strongman as president. If only there was a country WE could look to to give us strength to fight this evil of socialism.
unseen on March 10, 2010 at 10:58 AM
ROFLMAO!!!!!!!!!!!
huskerdiva on March 10, 2010 at 10:59 AM
42% approve of Obams’s health care reform. Take away the welfare class and government union employees and less than 10% approve.
The earners clearly and overwhelmingly don’t want it.
saiga on March 10, 2010 at 11:00 AM
katy the mean old lady on March 10, 2010 at 11:00 AM
LOL, yeah, because I took exception to what you said, not that it took you half a page to say it.
Look at that, you managed to actually *say* how you felt about Obama, *AND* completely miss the point, *AND* demonstrate that you know nothing about my perspective, *AND* weakly attempt to insult me – all in a pretty short paragraph. Well done – no manifesto-length ramblings needed!
Midas on March 10, 2010 at 11:00 AM
OOPS! I’ve been busy working and haven’t been on much lately – is the ban meter going crazy?
huskerdiva on March 10, 2010 at 11:01 AM
HTML links are your friend.
MarkTheGreat on March 10, 2010 at 10:52 AM
http://www.npr.org/templates/story/story.php?storyId=94258995
unseen on March 10, 2010 at 11:01 AM
No, I don’t agree. Obama is dealing with a truly awful economy. It’s way beyond what Bush had to handle.
43% isn’t that awful, given the conditions of the economy.
I’m not sure that particularly reflects much about him, however. It says a lot about Americans. We’re still slightly hopeful we can pull this plane out of the nosedive.
AnninCA on March 10, 2010 at 11:01 AM
There is: The United States that once was. We lived it, and we can have it again. All we need is to get the votes right.
Liam on March 10, 2010 at 11:01 AM
In 9 months the failed president will be globe trotting with a posse including Jayz, Beyonce and other celebs on air force one while Axelrod and Plouffe run the show and phone in the updates.
R Square on March 10, 2010 at 11:01 AM
no manifesto-length ramblings needed!
Midas on March 10, 2010 at 11:00 AM
You know you have issues. If its too long for you and too much work to scroll down you might need to go to a video blog.
unseen on March 10, 2010 at 11:03 AM
What I find most disturbing is that faced with this much opposition and sinking poll numbers any reasonable and responsive president would have backed off by now but this one doubles down… what the heck is up with that? Is someone holding something over him so that he has to continue because it seems to me that never having actually accomplished anything, except for getting elected to office, this guy is as vain as they come… so this really has to hurt the Obamasiah!
CCRWM on March 10, 2010 at 11:04 AM
Who was whining about having no trolls around lately??? She’s BAAAAACCCCKKKKKKKK!!!!!!
huskerdiva on March 10, 2010 at 11:04 AM
Time for some Ron Burgundy.
ted c on March 10, 2010 at 11:04 AM
Obama owns it. He shouldn’t have spent his Senate career helping to destroy the economy, and followed up with his Presidential career doing everything he could to continue its destruction.
If you hope that Obama’s going to do anything but make this *worse*…
Well, you probably do, all evidence to the contrary, don’t you?
Midas on March 10, 2010 at 11:05 AM
Obow simply covets. He wants and wants, and that’s his bottom line. Nothing else matters.
Liam on March 10, 2010 at 11:06 AM
I dunno, but my nards were up on the block recently. It’s AP’s way of “training”. IYKWIM
ted c on March 10, 2010 at 11:06 AM
There is: The United States that once was. We lived it, and we can have it again. All we need is to get the votes right.
Liam on March 10, 2010 at 11:01 AM
So you think a couple voted will stop what is going on? It took us 70 years to get to this point. a vote in Nov is not going to change much. the entire mindset of DC is screwed up both dems and GOP. yes the Nov vote might slow it but it will not change much in the long run. the statists now know they have the keys to the car and they now know they can RULE over us. they will not allow that knowledge to go unused.
unseen on March 10, 2010 at 11:06 AM
unseen on March 10, 2010 at 11:01 AM
Now was that so hard?
MarkTheGreat on March 10, 2010 at 11:06 AM
Obama is the reason the economy is so bad.
MarkTheGreat on March 10, 2010 at 11:07 AM
Israel is making it clear it neither respects or trusts the Obama administration when it comes to their security needs.
(via Drudge)
http://www.ft.com/cms/s/0/8098c658-2bc0-11df-a5c7-00144feabdc0.html
….One thing that might help out Israel here is that they are viewed positively by over 70% of this nation at this point.
I am not sure where the poll numbers can be found but it struck me as important considering the hard line Obama and his Foreign policy crew of Powers/Rice have taken against Israel and it’s right to defend itself against the terrorist on it’s boarders.
If Biden is so smart….how come he can’t get the other Arab countries like Egypt to put up or shut up in helping out the Palestinians.
Every time there is a violent outbreak…Egypt shuts down it’s boarders and cuts the Palestinians out.
Maybe super smart Joe could offer to divide Palestine up along sectarian lines like he wanted to do in Iraq…Hamas supporters over here….non-Hamas supporters over there…..
..Islamic Palestinians over here……Christian supporters over there……Cowboy fans over here…..Redskin fans over there……
……….you know…”smart power”.
Baxter Greene on March 10, 2010 at 11:07 AM
There are also issues with copyright infringement. Copying a paragraph or so is fair use, copying the entire thing is against the law.
MarkTheGreat on March 10, 2010 at 11:08 AM
Now was that so hard?
MarkTheGreat on March 10, 2010 at 11:06 AM
No but sometimes posting the orginal in its entirity is needed to drive home the point. the speech was not just right on one or two points. The speech was 100% correct on everything that has occured in the last 14 months.
unseen on March 10, 2010 at 11:09 AM
And whose fault is the truly awfulness of the economy? May I reminds you it has been 27 months since Dems have run and the House/Senate as well as 15 months since Obama has been in the WH.
But you’re right, it’s all Bush’s fault.
angryed on March 10, 2010 at 11:09 AM
*blink*
AnninCA on March 10, 2010 at 11:10 AM
Ann, that is a somewhat simplistic argument. The ECONOMY is not the only problem with this president. BUT, yes, the economy is very important to voters that put his approval at 43%….BECAUSE this president is focusing on EVERYTHING EXCEPT the economy and 9.7% unemployment. Healthcare, Amnesty (meeting with C. Schumer and Grahamnesty manana to discuss THIS issue…which is suicide with a 9.7% unemployment rate…the American citizens are going to be less generous to law breakers that are trying to jump the line to fight for welfare and jobs that Americans will actually do if given a living wage…construction/service), not to mention still f*cking the green jobs chicken despite the examples of Spain and the UK that are drowning in this green idiocy.
As far as HOPE, it lost all meaning in 2008….now it means..you have HOPE in one hand and soiled toilet paper in the other…and they are equal.
HornetSting on March 10, 2010 at 11:10 AM
Copying the entire thing is abusive and inconsiderate. Not everyone wants to see the entire thing.
MarkTheGreat on March 10, 2010 at 11:10 AM
Oddly enough, virtually everyone here can say what needs to be said with efficiency. If you’re the one person here who can’t, maybe it’s you that has the issue, as well as needing to show some respect for fellow posters by getting to the point and not consuming great swaths of the page.
Midas on March 10, 2010 at 11:10 AM
There are also issues with copyright infringement. Copying a paragraph or so is fair use, copying the entire thing is against the law.
MarkTheGreat on March 10, 2010 at 11:08 AM
LOL….it wasn’t the enitre speech and since when did a public speech have a copyright too it. You do understand we are talking about a transcript of a national public RNC speech. So does the RNC own the speech?
unseen on March 10, 2010 at 11:11 AM
..Mark, the 43% – 43% ias called the “Pac-Man effect” where the people who are motivated to dislike this guy equal the number who like him and a those who just tolerate him.
Study the daily trends and you will, of course, see a steady decline since he took oath of office. But you will also notice two things:
(1) His Raz index ratchets down. That is he first dipped bein to the negatives, then into the low-tomid-teens, then to the low teens, then to high teens. It appears as thought he is about to slip consistently into the low negative twenties. He only recovers ground when he shuts the f*** up and stays off the scene.
(2) The Raz index oscillates from its current low apogee to it’s current high perigee as a factor of when the poll was taken. Raz is a three-day moving average and Obama’s numbers faded going towards the weekend and grow coming out of the weekend.
I guess all us conservatives are busy mowing lawns, painting fences, and doing family things on Saturdays and Sundays while all the libs are getting high and don’t give a crap what that clown is doing.
..do ya think?
VoyskaPVO on March 10, 2010 at 11:11 AM
To see what B.O. is doing here as far as his own standings go is like a guy walking up a railroad track with a freight train coming down from the opposite direction at high speed.
Meanwhile, in the distance, there two hills, one on each side of the track.
On top of both hills are a bunch of people. On one hill are members of the Democratic party yelling at the guy to just stay on the course and keep walking, while on the other hill, there are just common everyday Joe kind of folk yelling at the fool to get out of the way of the train.
At this point, the guy on the track has two choices: 1) Listen to the Democrats on the one hill and just keep walking up the track, hoping the engineer in the train cab can hit the brakes and stop the train in time, or 2) Listen to the Average Joe group on the other hill and just get off the track.
B.O.’s problem has been, is, and always will be that he will always end up listening to the wrong bunch, and will always end up getting clobbered by the train every single time.
Except in this case, the collision this time with this idiotic healthcare bill taking precedence over improving the economy and creating jobs may be so colossal, it may end up taking out the Democrats AND the hill they are standing on.
pilamaye on March 10, 2010 at 11:11 AM
It all has to start somewhere. If now now, when? If not us, then who?
Like a marathon, liberty is a process, not a conclusion. I share your frustration, to be sure. It’s going to take time to undo this mess but life is a long-haul, so we’re going to have to be in it.
A friend once told me “show up for life”. That is the greatest wisdom any man ever spoke to me.
Liam on March 10, 2010 at 11:12 AM
Umm, 9/11, 2 wars, keeping the ecomony going for almost 8 years.
And, what exactly is Obama “doing” to deal with the economy, aside from pursuing policies to make it worse?
Monkeytoe on March 10, 2010 at 11:12 AM
You sure don’t hear much of the gushing admiration for Obama that you did in the beginning. Certainly the so-called moderate conservatives that demanded we all shut up and give Obama a chance have been silenced into shame for being such idiots to think Obama would be post-partisan.
IMO, his poll numbers are about as low as they are going to go. There is a residual group of supporters who will never change their minds. Here they call on and make the most outrageous statements about how dissent to Obama is just white people seething that a black man is in the Presidency. There is no way to fight that kind of racist ignorance and no poll is going to show a shift in these people.
highhopes on March 10, 2010 at 11:12 AM
That makes as much saying that an article in a newspaper or magazine can’t possibly be copyrighted.
Your ignorance is well and duely noted.
MarkTheGreat on March 10, 2010 at 11:12 AM
Further Ann,
I remember in early to mid 2001 when the economy was starting to turn after the .com boom, every leftist was blaming Bush. Less than 6 months into his 1st term, if it rained on your wedding day, it was Bush’s fault.
Yet here we are 1+ year into Obama’s term and still to people like you and the rest of the leftist moon bats, Obama is just an innocent bystander in the Bush destruction machine.
You claim to be a centrist. If you truly were you’d realize how foolish you sound defending Obama’s economic record.
angryed on March 10, 2010 at 11:13 AM
The economy is gradually improving but employment is going to remain significantly under par given the recovery because the President has added significant policy risk to the equation in the form of a punitive regulatory agenda, spending and taxes.
Moreover, the commercial real estate bomb is in the early phases of detonation. Somewhere north of 200 banks are expected to be shuttered this year. In Nov 2009 the FDIC requested something like a 56% increase in their budget.
Commercial real estate will have a large impact on the community and regional banks which have significant exposure to this market segment. I’ve read research reports that suggest anywhere from $200-300 billion in NPL exposure. As a result, these banks are likely to keep credit relatively tight until they get better visibility on their loan book.
Moreover, Obama has the ability to stack 3 more seats on the Fed Board. These are more likely going to be doves who favor easy money and have a regulatory agenda, like a Janet Yellen who incidentally appears to think the CRA is a good thing.
There will be a downward revision bias on reports and we are looking at a shallow recovery with mediocre GDP growth in the 2-3% range far less than the multi-year robust growth needed to bring unemployment down to pre crisis levels. This isn’t just my view, this is also the basic view of Jan Hatzius.
R Square on March 10, 2010 at 11:14 AM
That splains it lucy….
huskerdiva on March 10, 2010 at 11:15 AM
Copying the entire thing is abusive and inconsiderate. Not everyone wants to see the entire thing.
MarkTheGreat on March 10, 2010 at 11:10 AM
Midas on March 10, 2010 at 11:10
So now we have to deal with lazy readers? that’s great. You two might want to check into a video blog if the amount of words on a page bother you.
they make this thing called a mouse that lets you scroll past long comments if you do not want to spend the time reading it. It kind of works like a remote control. Some of them even have a wheel and everythign to make scrolling really fast.
and then also most borswers have this feature called “find on this page” that let’s you got to a certain post, a certain time, even a word or sentence ect with one click.
unseen on March 10, 2010 at 11:16 AM
Michelle Obama is out there talking about food deserts that need to be eliminated so that welfare mom can fix her kids salads instead of going to Popeye’s.
Pelosi, Reid, and Obama are out there strong arming Democrats into supporting legislation that will fundamentally change society. They have no qualms or shame in the fact that they will do this by completely partisan means which includes overt bribes.
Obama is also gearing up for yet another world vacation so that others may bask in the glow of his greatness and hear his apology for being American.
Fact of the matter is that the economy (including jobs) and most other issues have been ignored since last July when the push for Obamacare began. We have an intellecual dimwit in charge when we need a multi-tasking leader capable of real leadership and change.
highhopes on March 10, 2010 at 11:17 AM
Heh, just showed this to a liberal…he said if Bush didn’t screw things up so bad, then Obama’s numbers would be higher.
“Bush’s fault” strikes again!
JetBoy on March 10, 2010 at 11:18 AM
Then provide the link, not the speech.
highhopes on March 10, 2010 at 11:19 AM
If government could ban delusions, there would be no liberals.
Liam on March 10, 2010 at 11:20 AM
unseen on March 10, 2010 at 11:16 AM
Do you think it is free to provide a service like this? Every character that you print has to be stored and then transmitted every time someone views one of these pages. That costs the site hosts money.
In addition, throwing things at people that they are not interested may make you feel special, but it is abusive behavior.
Give them the link, if they want to follow it they can.
Stop acting like an a$$hole.
MarkTheGreat on March 10, 2010 at 11:20 AM
Ahem, yeah, take a number, Israel. The thing with Israel: They take care of the problem toot sweet.
HornetSting on March 10, 2010 at 11:20 AM
Real Clear Politics still has him at 48.9% approval, slightly up recently. A majority of Americans still believe he’s basically a cool guy. They blame Congress or Bush for his troubles. Or his inexperience. The clueless conservative argument that Obama is inexperienced or an amateur is really counter-productive and will help him in the 2012 elections, when he has 4 years job experience.
modifiedcontent on March 10, 2010 at 11:20 AM
A friend once told me “show up for life”. That is the greatest wisdom any man ever spoke to me.
Liam on March 10, 2010 at 11:12 AM
I agree. i just don’t have much hope that things will change if we only change the people in charge. We have to change the thought process of those people. but Nov will most likely slow the cancer for a time. as long as there is time there is some hope. But the country needs a great reawakening of what liberty and freedom really mean IMO.
unseen on March 10, 2010 at 11:21 AM
you’re probably right, but in this blog format the massive wall of text results in a DNR response from many readers.
‘do not read’
I like linkies. I also like snarky short comments.
ted c on March 10, 2010 at 11:22 AM
Hmm, upon further reading of your posts, I’m going to change my opinion here. I do think you *should* stick with the “cut and paste of other people’s words” approach rather than trying in vain to coherently express your own thoughts.
Midas on March 10, 2010 at 11:23 AM
I don’t think the argument is made that he is inexperienced. the argument is that he is incompetent, and that he has a philosophy/world view that always brings him to the wrong conclusion. I don’t believe any amount of experience will make him competent. I don’t think any conservative does.
When he is still viewed as incompetent in 2012, the fact that he has 4 years of experience in acting incomptent is unlikely to help him.
Monkeytoe on March 10, 2010 at 11:24 AM
Mark … Enough already… I hate it when the thread gets hijacked like this… Scroll past! That’s what I do with all the trolls that infest HA… BTW I enjoyed re reading Palin’s convention speech…
CCRWM on March 10, 2010 at 11:24 AM
I agree with you, though I prefer being more optimistic. Hope plus action brings change, and I believe that there’s much change needing to be made. To try doing this, I and as many others as I can muster need to keep the biggest part: the hope that’s needed.
I would recommend you stay frosty, keep faith, and do what you have to do to effect the change our country needs. You know–for the children!
Liam on March 10, 2010 at 11:26 AM
HornetSting on March 10, 2010 at 11:26 AM
A visual aid of what stuck on stupid looks like.
capejasmine on March 10, 2010 at 11:27 AM
Redefining poverty, huh? Wonder if they will include the big screen tv’s, or the cell phones with internet, or the computers, or the new cars…?
Interesting link–thanks…
lovingmyUSA on March 10, 2010 at 11:29 AM
The point is, throwing money at the economy is like sugar. It gives a quick buzz but the effects are fleeting. The economy is going to be mediocre with a bad global risk profile.
The Dems have pinned their hopes on flooding the end zone with cash in the 4th quarter. Now if they were able to effectively impact the economy there may be some way to justify the expenditures in the eyes of some Americans. But lacking a robust economy the average citizen is socked with the worst of both outcomes, massive spending and for not.
Worse still, multi-factorial issues are more than likely to flatline the economy in the 2nd half of the year. So most of the benefits will be front loaded in the the first 3-6 months with a gradual tapering off as the year progresses.
R Square on March 10, 2010 at 11:30 AM
I’m assuming this is the “Obama was dealt a bad hand” theme where his numbers would be higher if he didn’t have such a mess to clean up from the Bush years. That argument only works if the current President can point to some accomplishments. This bastard has a negative trend on every area he has touched to the point they celebrate losing only 36K jobs in February.
highhopes on March 10, 2010 at 11:32 AM
Who wants to start a pool on who will be the first 2010 Dem candidate to begin denouncing President Obama’s policies and when they will start it?
The Great Uplifter is becoming the Great Anchor.
29Victor on March 10, 2010 at 11:33 AM
Do you think it is free to provide a service like this? Every character that you print has to be stored and then transmitted every time someone views one of these pages. That costs the site hosts money.
In addition, throwing things at people that they are not interested may make you feel special, but it is abusive behavior.
Give them the link, if they want to follow it they can.
Stop acting like an a$$hole.
MarkTheGreat on March 10, 2010 at 11:20 AM
Free? how much did hotair get sold for again? the comments add vaule to the site. It is not a cost for the site to “store them” If hotair limited discussion or length of comments it would cost them alot more then the $.0000002 it costs to store the entire comment thread on a 3000 post thread.
you do understand how many pixels can be saved on a gig? and how cheap storage has become? right or do you still thing they use reel tapes and card punches?
As far as being an as*hole on this I suggest you look in the mirror.
throwing things at them? So should we sign you up for first open position as the comment police. just write me a ticket all ready and move on.
there are many comments I do not care for, for many reasons. Be it length, topic, POV, rambling, etc. But you know what? If I don’t like it I move on down the page to the next one. Maybe you should try it.
unseen on March 10, 2010 at 11:34 AM
That only works if there is a plan. This adminstration has been indiscriminate in where they have thrown money so there is nothing to show for it other than a few more schoolteachers and state bureaucrats who were not laid off this year.
highhopes on March 10, 2010 at 11:35 AM
trouble is, that stupid wants to stick on you. These folks and their policies are like boogers–and they wonder why no one wants to accept them.
ted c on March 10, 2010 at 11:37 AM
Or racists who will support him no matter what he does because he is black.
atheling on March 10, 2010 at 11:37 AM
Unless Obow can pull off something hugely popular, he’s going to wish for these days of a 43% approval rating.
The only way to increase his waning popularity is to scrap Health Control, forget Cap&Trade, leave fishermen alone, and shut the hell up for once. Otherwise, he and his miserable Party are going to do what most of here here want, and that’s leave our liberty alone.
Liam on March 10, 2010 at 11:38 AM
You are missing the point unseen…I respect you, but an essay is not what the comment board is about. And yes, most of us scroll past long-winded (worded) responses, but it gets irritating because I really want to read what you have to say…Just put it in less paragraphs…
Or are you trying to get into the Green Room…
lovingmyUSA on March 10, 2010 at 11:40 AM
I would recommend you stay frosty, keep faith, and do what you have to do to effect the change our country needs. You know–for the children!
Liam on March 10, 2010 at 11:26 AM
Yes a good POV is never wrong to have. I just think we also need to have an understanding of the depth of the problem so that that hope you speak of is not crushed by reality when the change we want does not happen overnight. and we should have the understanding that until we make our leaders have fundemental changes in their way of thinking we will not have change simply be an election. We need a reeducation of civics IMO and what the responsibilites are of being a citizen.
Jury duty should be an honor not a task to get out of. working for the poeple should not be a career choice but a calling. etc
unseen on March 10, 2010 at 11:40 AM
Take the out ” racial component that BLINDLY supports ” Obama and his approval rating drops another 10-12 %
How could any of our elected officials consider voting for OBAMA CARE ?
It’s obvious most folks are not in favor of this massive taxation plan
ELMO Q on March 10, 2010 at 11:40 AM
By being out of power at last, that is.
Liam on March 10, 2010 at 11:40 AM
Massa doesn’t count? As to those still in the running for office in 2010, it is all going to break after healthcare either gets Rahmed through or defeated. Only then, when the die is cast, will you see the rats begin to position themselves based on the outcome of this legislative abortion.
highhopes on March 10, 2010 at 11:41 AM
Dust in your eye, Ann?
This is Obama’s economy. If you had any kind of inkling of how businesses work, you’d understand. People are losing their jobs because business owners see nothing but high taxes and mandates coming from this man. When businesses taxes go up several things happen. They cut expenses by cutting jobs. They hoard their money as they wait to see what happens. They pass the tax along to the consumer with higher prices. Wages don’t buy as much. When consumers cut spending, businesses have to make up their profits by cutting more jobs.
It’s really an easy “circle of life” to understand if you think just a bit.
ladyingray on March 10, 2010 at 11:43 AM
There goes that clueless look again…
lovingmyUSA on March 10, 2010 at 11:44 AM
Massa was grasping at straws, he had nothing to lose.
For those seeking reelection there will come a “tipping point.” Everything will be balanced against the risk of offending people by “dissing” the First Black President. First, the Dems will stick their toes in the water by distancing themselves from him. Then, when that works, things will begin to get ugly.
29Victor on March 10, 2010 at 11:45 AM
Torch on March 10, 2010 at 11:27 AM
I thought he was a half-white half-wit?
Who somehow has no grey matter.
NoDonkey on March 10, 2010 at 11:45 AM
You expect people on welfare to be sitting at home with only a 36″ television and no interent? What kind of a monster are you? :-0
highhopes on March 10, 2010 at 11:45 AM
I disagree. He could do two things and his popularity would skyrocket.
1. Zawahiri’s carcass–PID
2. UBL carcass–PID
above 50% x 6 mos. Guaranteed.
ted c on March 10, 2010 at 11:45 AM
Or are you trying to get into the Green Room…
lovingmyUSA on March 10, 2010 at 11:40 AM
LOL…no…..and I do understand the point. And I do understand how some long posts can be frustrating and how some are off topic and how some are hard to read etc. and for those that found it too long I’ll try to keep them shorter.
It is the commenter police that I have a problem with. Who think they are the world’s best posters and would rather spend 30 minutes argueing about the post in question (using up far more pixels, time and bandwidth) instead of just going on to the next post. going so far as calling me a criminal and moocher of bandwidth.
unseen on March 10, 2010 at 11:48 AM
Those things, too, for a short/medium-term lift. I was thinking in the long run. Getting OBL would instill Americans’ pride in their country, including Obow riding those coattails. Yes, you’re right–he’d go way up in popularity.
Liam on March 10, 2010 at 11:50 AM
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