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.
From CNN Politics
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Well, this isn't surprising, these business leaders are the crooks who got us here in the first place!
Yeah, I see that the stock market is showing it's confidence in Obama's plan by continuing it's freefall.
these yahoos have no shame
big expensive spa parties
large unsightly bonus checks while the company enters receivership
they need to fail, don't give them money
More than 1/2 of the people think the Repubs and the Dems and Obama will do the right thing. And very few like the Wall Street folks.
That's a big problem because the lobbyists (Obama lied about that) from the Big Corporations have the DNC and RNC and Obama right in their pockets.
Bush lied. Obama lied. Google for donor lists and you will see what is really happening.
What Americans did you interview for this"poll?" the same 1087 that said Obama was doing a good job? The same democratic group...that supports the liberal bafoons in Washington? So, of course they'll trust them more....The problem is a group of bad and dishonest financial Wallstreeters..tainted the waters. The democrats quickly, with the media's help, created mass panic..and therefore try to portray themselves as honest, as saviors....don't forget; 4 out of 4 of Obama's staff picks were tax cheats...the democrats in the government are not to be trusted.
You have got to be kidding me.
It is because of Obama's stupidity that the market is diving like it is.
I am so sorry that we elected this guy. We are going to learn a tough lesson.
...and it's exactly this casual confidence in our government that has led to such a debacle. What we need is a healthy lack of trust in government combined with much more scrutiny and accountabliity regarding our leaders.
This is like picking which way you would like to end your life:
jumping out of a plane without a parachute or freezing to death in cold water.
Since the palin board is closed - boo hoo for her. If you "don't blink" when asked to run in a presidential campaign yet are unprepared for such tough hard hitting questions like "what newspaper do you read?" or other hard hitting journalistic traps like "what qualifications do you have?" then you are doubly a moron.
As to trusting Washington, that is entirely because of the change in management. Nobody, even right wingers, truste the bush/republicon alliance that so badly destroyed our great nation. As to not trusting business, people are only fooled for so long. How many people have to die because of corporate negligence and flat out belligerence before people get it? How badly do they need to wreck the economy with the hand by glove help of the former administration until people got the message? Greed is not good. Unlike the republicon/corporate mantra that ruled the conervative party since the 1980s. Greed is evil. It is one of the deadly sins. It destroys.
And yet republicons stick to their tired old yakking points about private sector this and bad government that while the nation burns from the fires they lit with the exact same nonsense.
Nobody have any faith in Wall Street, the banks or auto executives becasue they don't have a clue what it is like to go without a meal and rob peter to pay paul. All they know is the stock market which means nothing to the avergage joe. Who have any money to invest in the stock market but the rich – plus they have too many crooks stealing the money of people who can invest in the stock market.
Thats great, just because people pulled vote in a majority it does not mean that they are right or smart for that matter.
We have a system of Lawyers and Political Activits, Lobbyists, and Lifetimers that no NOTHING about Finance or Markets.
They make decisions on FEEL Good, Feel Bad, knee jerk and non educated fact finding.
Would you hire a person without any business experience to run your company. To pull you out of debt. To make the company profitable. NO you would not. That is our problem. Our Congress REPDEM are a bunch of hacks that cant balance their own checkbooks and dont know how to balance a budget. Everyone spends more each year.
WHY CANT WE CUT SPENDING. CUT PROGRAMS. STOP INVENTING NEW WAYS TO GIVE AWAY OUR INCOME. JUST STOP.
I bet those polled weren't from business because apparently business doesnt trust Barrack Obama. Dow down 251 pts to new levels not seen since the 90s. But hey, this is George Bush's fault right?
All the neo-cons repubs are moaning about the declining stock market.
First, you wanted the "free market" to "self correct" and no government intervention.
Now, your whining that President Obama does not come out with government intervention and "happy talk" and "calm the waters" on Wall Street?
You twits are schizophrenic.
Looks like Wall Street's GOP-fueled "Tea Party" temper tantrum over the stimulus package and the potential that their high-rolling casino-style investment nonsense has finally caused the banks to be nationlaized is about to come to an abrupt end. Obama once again has the upper hand. As it is, every economist out there has said that the decline would continue for a while no matter what we did, so while it's been fun watching the Wall Street crybabies throw a coniption, they can stop now...we see thru it.
Still bleery-eyed GOPers? Come on now...nap's over...it's time to wake up, put on the big boy pants and do the the real business of this nation instead of playing political games and trying to turn public opinion with misinformation and smears.
THE REPUBLICANS STINK. THE DEMOCRATS STINK
TTHE REPUBLICANS PUT US IN THIS HOLE AND NOW THE IDIOT DEMOCRATS ARE GOING TO JUST KEEP DIGGING DEEPER.
I BLAME OUR SYSTEM AND BOTH PARTIES.
THEY CANT BALANCE THEIR CHECKBOOKS. THEY CANT BALANCE A BUDGET. THEY WONT STOP FUNDING. THEY WONT STOP SPENDING. 5 TRILLION BUSH. 5 TRILLION BARACK IN 4 YEARS. THIS IS JUST NUTS.
WHY CANT THEY STOP SPENDING. STOP CREATING PROGRAMS. STOP ADDING TO WISH LISTS. JUST STOP.
As bad as things are [thanks, W] - I can now sleep at night knowing that every day more progress is being made turning things around.
It was always clear that the global corporate governance would continue to drive things - like war, globalism, loss of civil liberties, etc - until they drove the global economy into the ditch.
I just didn't think they could screw so much up so quickly.
They should shut up and let the Dems repair the nation and the global economy - then they can return in about 12 years and rape everyone again.
You know what , would have been really bad for the economy? Is if 'w' and some republicans had their way with social secruity. I mean, if they were allowed to put the S.S. trust fund into the stock market. Imagine that.......You would see alot of angry homeless seniors...........
It was not business leaders who got us here.
EVERYTHING is hinged on the Mortgage Crisis and Market Failure.
EVERYONE agres with that.
OUR CONGRESS created the problems by forcing banks to make bad loans and allowing banks to continue to make bad loans. Congress intentionally lowered the barriers to entry.
Now we are all screwed. They need to change the law and let the market adjust. Spending is not solving anything. It is all smoke and mirrors and more debt.
This is exactly what the Obama socialists and their friends in the media want. They want people to believe that government and government alone can solve ALL their problems. Never mind that socialism has never done anything but cause POVERTY, TYRRANY, and MISERY in every country that has ever tried it! We should all be worshippers of the state. We should not trust each other or the free market. We should only trust the ALMIGHTY GOVERNMENT.
We are in this mess BECAUSE of the government and its TINKERING and SOCIAL ENGINEERING with the free market!!!!!
This is the current headline: On economy, ore trust for Washington than Wall St.
This is what the headline should be: On economy, more trust for Washington than Wall St.
THAT was easy.
I don't trust either group of people.
When Obama spoke today....down the markets went. He is not instilling confidence in anything! 30+ days of preaching doom and gloom and the markets are reflecting that sentiment!
The Wall Street greedys need to realize that they are hurting themselves in the long run and hurting their clients by the quick sell offs on every situation coming out of Washington.
Perhaps we need a week of Sundays where we have no President yapping and no stock market activity. At least our 201(k) won't be 101(k)'s that week. That would stimulate the economy. Guess I should get the big bucks!
It is easy to blame rich people. Class envy will be our undoing, if you let it drive your ideas. Republicans are thinking smart about 'the peoples' money. Barak just loves the warm fuzzy glow he gets when giving away someone elses hard earned money. Middle class is not rich, why does Obama get to say that anyone making over 250,000.00 is rich. He arrived on the scene, halo in hand, and draws a line in the tax and spend sand. He really believes in restitution for the past slavery days. That is just a dead wrong foundation that he uses to justify programs and more programs. Thank you Obama... but no thank you.
So?
Obama bows to the global economic empire and his arrogant dreams of securing a primary position in it for himself!
Obama is attempting to engender an idolatrous trust in Obama as savior! Remember Caesar and PAX Romana.
There will be a severe price to pay!
that was quick! a copy editor should have caught that before it was ever posted, though.
As long as we're hearing about million dollar bonuses for CEO's who run companies while losing billions I don't think this will change.
It seems to me that unless there is a wholesale change in our financial systems and markets and trading and manufacturing that our economy is set up for eventual disaster because it is propped up on suppositions that at some point will eventually falter.
In terms of the American economy, trickle-up seems to be the way to go. The more people with the ability to spend the better. A million people buying luxury food items puts more people to work and brings in more tax revenue than one person who buys a million dollar yacht. We are currently stuck in a spend and borrow conundrum with China.
Comparison of WS with
No one creates enough REAL VALUE in a public company that their compensation should be more than about $1M per year.
We are in trouble because we allowed executives to use "snake-oil-like" financial instruments ..... like strips & swaps, and financial accounting gimmicks ..... to book annual profits that really didn't exist or were not truly founded in creating any VALUE to the economy ... no GDP ... no output related benefits.
People that don't contribute to output hurt, not help, the economy. Rasing money for capital investment is an important part but it doesn't count as much as shipping quality products on time. This is where we have lost our way.
Executives (financial and otherwise) should have to work for 10 to 20 years to build a multi-million dollar fortune; not have it handed to them for running a 3-card-monte-shell-game successfully long enough to fool us.
I can't see any executive making more than 10 times what their administrative assistants make. If the secretary makes $60,000 .... pay them $600K.
That's enough to pay for their Benz and if they save their money ... in 10 years they can buy that Maybach.
WS
OMG! WHAT!? People are thinking that the Government knows more about business than business people do? Well, I guess this is why we are in the position we are in.
BOTH Democrats and Republicans have created poor fiscal responsibility that has lead to this recession. The Bush Bailout gave money to the banks, which were essentially bought out in the Obama Bailout. This all just went to increase government's size. Now we need whole offices on how to "oversee" the money that the government gave itself.
Democrats and Republicans are pointing fingers at each other, and GUESS WHAT, They're BOTH right...they BOTH have created the mess we're in.
no more Wall St. They have abused and used long enough. Out on the street with them.
They are the very ones.. wanting failure to happen.. they made more money off a republican goverment
97% Black. voted for Obama. That says enough for you Opinion Poll.
What about the rest???
Let's me honest people... name on money making entity that the gov't controls that is run properly. Social Security? Going to be bankrupt someday. Medicare? Just ask any senior citizen how that's worked for them. Hell, even the military (which I am apart of) is run poorly with regards to money. Now I'm not saying that all CEO's know what they're doing. I am saying that I have historical evidence to prove that the gov't doesn't know.
I have the least amount of faith in the auto industry who seem bound for failure regardless. It seems like they have gotten the backing of both Bush and Obama because of their obligations to big oil and the unions, respectively. They'll be asking for billions more in three months...and three months after that...and three after that. Let them fail and be bought out by foreign companies that have their finances in order.
(I TRUST PRESIDENT OBAMA, ) I DON'T IN ANY WAY TRUST REPUBLICANS OR WALL STREET, OR BANKS.
Wall Steet is still filled to the brim with greedy Republicans.
Surprised Obama's approving ratings are still high. I have a feeling that in a couple of years when our economy is really in the toilet, his defenders will still be complaining that we haven't given him enough time. Those who still give him high marks haven't been paying attention.
Comparison of WS to WH seems novel as it, quite possibly, attempts to evaluate 2 large decision makin' bodies. Performance aside, WS' ravenous hunger for the green stuff has made it a nice object for target practice for the would-be crack shootin' independant observers, who have, lately, pommeled the avarice of the all-consumin' asset managers from WS.
It might be a good time to start learning to speak Chinese.
Wall Street is really trying to help the GOP. For anyone to not see what is going on is blind. What party does 90% or more of the investors on Wall Street affiliate themselves with? People open your eyes. They are trying to play us for fools. Why would the DOW continue to tumble in lieu of massive amount of money being pumped into the economy? So, part of the reason why our market is failing b/c of someone's feelings? Do we have anything more concrete and tangible to go off of next time b/c feelings and emotions really should not dictate whether or not someone can make their mortgage payment or buy food for their family or have healthcare. That is given an area entirely too much power. Numbers and bipartisan economic forecasts should drive that.. not the way someone currently feels about the economy. Keep playing with the American people... this will utimately come back to bite you.
This is why revolutions happen. The government forgets about the people while talking out of the side of it's mouth about all of the people it is helping.
I mean really, for all of the talk about the tax cuts to help the person on "main street" how is $60 / month really going to do anything for me!?
The politicians make it sound like this is a HUGE favor for me, giving back $60 / month, when it probably cost them $80/month to take the money from me.
Yeah right, people who voted for Obama were hoping for the Clinton years. Well today the Down Jones closed at it's lowest lever since 1997. I guess the got what they wanted.
Hey, everyone hooting about the paycheck bump in this thing, give it to the United Way or something. They'll have far less contempt for it than you do and it might end up helping someone.
Brandon,
Spoken like a true socialist. Go to Europe if you don't like free market. You'll love it there.
@Matthew, Detroit
Well said, I believe you have made it to the...
"I'm Mad as Hell and I'm not taking it anymore" stage...
Welcome to the Libertarian party.
I too have more faith and trust in our current administration than I do Wall Street. When I watch CNBC and/or monitor the Market, I can't help but wonder if these people are trying to manipulate things.
We raise our eye brows at this WS-WH novel comparison. WS' ravenous hunger for the green stuff has assumed gargantuan proportions, thus making them a nice set of target practices for the crack shootin' independant observers and a large number of economists.
Well kiddies, the stockmarket fell to 1997 levels today. Congratulations to the President and Congress; they have taken us back to the Bill Clinton years.
Right Kevin, the stock markey crash is Bush's fault. Are you blaming Obama who has been in office for a month?
Wall St Is Responsible For half of the Mess GREED!
Has it occured to anyone that maybe, just maybe, investors DO HAVE confidence in the market and are more than ready to invest, but they don't have confidence that the government will stay the hell out of the way and not meddle, or even worse not come in nationalize (read: "appropriate") entire businesses, industries and sectors?
We are in the middle of a government-created mess. Their well-intentioned yet fiscally-disasterous Robin Hood policies created this mess... and the more they try to "fix" the very thing they effed up in the first place, the more damage they cause, psychologically, to investors, investor confidence and the US and world markets as a result.
This is all one giant liberal October Surprise that has spun way, way out of their control. Well, you won the election by buying the votes of millions of food-stamp mortgage holders... are you happy now? Tell me, how did that work out for all of us?
American Tea Party – 2010
Next stop, the Soviet Union years, except this time we will become the USSR.
@Brandon
Yes, you have hit the nail on the head. I just wish that EVERYONE would take a deep breath & give our new (barely a month!) President a chance to get us all back on our feet. STOP ALL OBSTRUCTIONIST ACTIVITIES!
Thank you.
Marine One! Was buit to defend: "Airforce One, indirectly.
GOD is a republican. Would this change their mind?
@ Truth Bomb Thrower
So lemme get this straight: "Trust corporate America to do the right thing according to our ideological market model and to be responsive to the fluctuations in consumer's demands even though corporate America controls all the money, all the information and is generally capable, like with this current mess, of manipulating the market to create an untenable imbalance in power between the forces of supply and demand." Is that a good translation? Sure sounds like a great plan to me. Let's give them another unsupervised $350B just so they can prove you right...oh wait...they proved you wrong last time. Oh well, back to the drawing board...
First of all -
1. The stimulus bill has been posted online long before the first vote. I read it so why could the Republicans not read it. Are they all that non-Internet capable? Nothing changed between the first version and the second version but some amendments adding tax cuts Repubs wanted, so how did they not know that??
2.To all you Republican chant repeaters – do you actually know what "socialism" is???? Give me a definition. If you really knew I guess you are all signing up to stop receiving your Social Security checks and give up your Medicare benefits and other socialist programs? If you are so against "socialism" – give them up- so the rest of us can get more retirement benefits we worked for.
3.Bush lied to America not only about Iraq but about the state of our economy. Obama is now telling the truth and Republicans are acting like this whole mess is HIS fault??? BUSH and the Republicans are why this nation is in a state of collapse. What Obama has not yet told us because he does not want total despair is that our banks are insolvent – broke – and this is due to the BUSH deregulation and the GREED of Republicans buddies on Wall St and the CEOs of the banks like Citi and BofA.
4. If you want the truth, Obama is trying to tell you and he is try to fix this monster mess BUSH dumped into his lap. Either be part of the solution or shut up and get out of the way. The majority of Americans voted for Obama for a very good reason. He is an intelligent, good and decent man, who is a real leader – unlike the last moron and his blind Party followers. Obama is doing everything he can to restore this nation and save it from total collapse. Be grateful we have a leader who cares about ALL Americans. It is going to take a lot of work and money and time to fix this mess. Be a REAL American and get behind OUR President or get out of the way so patriotic citizens can help Obama succeed.
5.How long are you going to fall for Republican lies and misleading data? How many times are you going to let them fool you with their false patriotism. Have you not seen enough already to know they are NOT "Country First" and have you not heard enough of them saying how they want Obama to fail??? If Obama fails, America fails. Stop listening to the pretenders and let's get real leaders and serious intelligent people into office who DO CARE about America. Midterm elections come up in 2010 – let's start getting rid of the obstructers and bring in serious people who care about the situations of the people who elected them. In NC, our next do-nothing Senator, Richard Burr, will be voted out of office for betryaying NC. You can do the same in your state and get honest leaders in office who will do everything they can to restore America – with no regard to PARTY but to PEOPLE. Those are real American values.
THIS COUNTRY IS A HOT MESS!!! I AM STILL WONDERING WHY NO CRIMINAL CHARGES HAVE BEEN BROUGHT AGAINST OF THESE FPLKS ON WALL STREET AND IN THE GOVERNMENT WHO CREATED THIS MESS IN THE FIRST PLACE? WHAT I CANT SEEM TO FIGURE OUT IS WHY ARE BAILING OUT ALL THESE COMPANIES. WHY ARE WE NOT BAILING OUT THE AMERICAN PEOPLE WHO NEED IT. I AM PAYING EXTRA TAXES FOR THE RICH TO RETIRE AND I MAY NOT BE ABLE TO WHEN IT COMES BY TIME BECAUSE OF THEM NOW. WHERE IS THE FAIRNESS IN THAT?THEY CREATED THIS MESS LET THEM FIX IT. THIS COULD BE AN OPPORTUNITY FOR NEW FRESHNEW FACES IN BUSINESS INSTEAD OF THE SAME OLD THING.
Seems to me that the people are not only scared, but Mad, angry, and not going to accept the same old excuses.
Governments do not make things easier, people do. So we need to rally together even more, help a neighbor, help a neighborhood, help a school district, time to get our priorities corrected.
The one major concept that I do agree with our President on is time for everyone to give some service to help out.
kevin February 23rd, 2009 4:22 pm ET
I bet those polled weren't from business because apparently business doesnt trust Barrack Obama. Dow down 251 pts to new levels not seen since the 90s. But hey, this is George Bush's fault right?
-------
Yes, his and Wall Street's faults. I'll get to why it's Bush's in a moment, Kevin. Wall Street is the LAST entity that should have ANYTHING to say when it comes to the economy. They made decisions that encouraged everybody to basically do anything they wanted in the financial sector. Greed was good for them. Let the good times roll. See, Bush, Paulson, and their cronies led the way, and then scared and bullied the Congress in tricking them to give the Treasury Secretary $700 billion WITHOUT ANY STRINGS ATTACHED. Are you kidding me?! Then Wall Street has the nerve to throw a hissy fit at anything President Obama proposes to help stem the economy. If I were him, I'd immediately nationalize the banks (as if we don't do that already with smaller ones), and put a cap on CEO salaries. For you to now say President Bush never existed and that President Obama is to blame is something else that's really galling, kevin. I'll just bet you're terrified you'll have to pay more in taxes on your six-figure job, aren't you? Tough. Can't squeeze eight years into a month, but that's obviously not stopping you or your fellow Repub trollers...
Get the greedy republicans OUT of Wall Street and out picking lettuce in Yuma, AZ!!! Maybe then America can get back on its feet!
Thanks for getting us in this situation Bush. If it weren't for the Iraq War this would have been a lot easier to deal with. Granted it's not totally his fault, but the system completely fell apart under his watch. Much like our security apparatuses in the fall of 2001.
PLLEASE Stop Kevin ... this economic catastrophe started a long time ago! Stop trying to act like this is Obama's fault. This 'plane' was in a tailspin long before he came along. And perhaps if your Lame Duck President had at least tried to do something to keep it from getting worse before he left instead of playing politics and leaving it for Obama, it wouldn't be as bad as it is...better yet, if he had been open and honest about the economy before it imploded we might have been able to at least temper it if not stop it. This is the oldest political trick in the book....create a disaster for your successor and then blame it all on them when they find it difficult cleaining up your mess.
payback, you're right on the money about Social Security and the stock market. Think things are bad *now*? Imagine if Bush had his way and privatized SS into the stock markets! Brrrr!
Trust Washington politicians with the economy at our own peril. This poll is really bad news for all of us. Those in Washington are not economists, they're politicians. Look at the market's reaction to stimulus, mortgage plan, bank rescue plan. Enough said. Business needs to repair itself, it will be painful for a while for sure though.
This crisis started while the Democrats had a majority. Back in the fall where things really unraveled, all of these Democrats started saying "I told you so", never mind that they never actually DID anything about it!! Now that they have the White House too, it's REALLY gone into the toilet. Why can't people see this?
It is time for another party in this country! The Republicans and DemoNcrats have ruined this country and what our founding fathers envisioned. Time for a new regime! Get rid of republicans, get rid of demoncrats and let's have Americans!!!!
Wall Street fat cats need to come to reality. The reality that most of America is already living. As a customer, l never felt that l had any protection against the thieves in Wall Street or the major companies. They kept on screwing customers. Same thing with Bank Of America. Same thing with Detroit. Kept on saying bye American Car, then in couple of years the trans went, then the engine, then you had to bye a new car. My toyota has lasted with no major problems for almost 10 years. Once you screw the customers, they do not come back. Business 101, unless you are a moron....
The republicans let wall street run anyway they wanted as long as their campaign coffers were full and you see the results of that.
If the republicans were not so greedy for tax cuts and campaign contributions and probably getting their pockets filled in the process we would not be in this mess.
The last three republican presidents have given this country 9.5 TRILLION DOLLARS IN DEBT AND THEY STILL ARE HOLLERING FOR MORE TAX CUTS FOR THE RICH.
Then the grumble about Obama trying to create some jobs so the middle class can get or keep a job for their business supporters will have to pay close to a fair wage if the economy does not sink into the gutter which the rich republicans are working for.
The government doesn't produce any goods in an economy, so the only way it can get money is to take from those that are producing. The bigger the government the less money in the economy. Be careful what you ask for...
Is Pelosi (ick) the only member of Congress? Her picture's the only one I see. I didn't see her name mentioned in any poll. Bet if her name and Reids were mentioned, the results would be just the opposite.
That's a big problem because the lobbyists (Obama lied about that) from the Big Corporations have the DNC and RNC and Obama right in their pockets.
Bush lied. Obama lied. Google for donor lists and you will see what is really happening.
If the average American was as well-informed about their government and basic economics as they are about whose dating the last season's American Idol winner, they would realize that it was not Wall Street that caused the housing meltdown. It was caused by POLITICIANS trying to SOCIAL ENGINEER the free market.
It was Bill Clinton and Congress who decided that we needed to lower the borrowing standards so that more minorities (including illegal aliens) could own their own homes. Never mind if they could not afford and did not deserve those homes. Never mind if the resulting demand would artificially send home prices soaring skyward, only to crash when the bubble finally popped. All that mattered was that there would be more minortities owning homes. Damn the consequences!! (I might add, George Bush did nothing to stop this INSANE Clinton policy.)
It was NOT Wall Street that caused this mess. IT WAS CAUSED BY POLITICIANS WHO THOUGHT THEY WERE SMARTER THAN THE FREE MARKET!! THEY WERE WRONG!!
@ welcome back – it would be a blessing to return to the Clinton years without the famous do nothing Grand Obstructionist Party republi-cons in congress blocking every attempted move forward. We've got a guy in there now who may be just as smart as Bill, but who seems to have a better hold on his zipper. This time the republi-cons won't be able to trump up any sanctimonious nonsense to avoid having to actually do anything.
And hopefully this time after eight years of strong and informed democratic leadership we can avoid electing a republican idiot who will just tear it all down.
Why don't you guys include posts containing the word "communism?"
Is it time to learn Chinese yet?
Since when do politicians run the economy ? Have I missed something ? And, who in their right mind would trust a politician, the same people that vote for more and more deficit spending, and yes the Democrats have controlled both houses of Congress for over TWO YEARS ! STOP THE DEFICIT SPENDING NOW !!!!!
Democrats have been in control of the purse strings for the last 2+ years. Any economic problem we find ourselves TODAY can be placed at the feet of Nancy, Harry and Obama.
It's hillarious, though. Dems want to blame BUSH (who spent money like a liberal) but Obama & co just DOUBLED-DOWN on high-spending and MORE troops into Afghanistan!!??
I'll keep my money, my freedom and my guns and president Pelosi and community organizer Obama can keep the change.
Another crazy poll! So we trust Congress more than Wall Street. I believe it but Congress shouldn't be proud! This poll doesn't say much at all, execept we trust one set of crooks less than we trust the other set of crooks! It's like asking me if I want to be killed by a grizzly bear or a lion! Some choice!
thank godness for honest politican like sen burris , gov ,blago , barney frank , ...
It makes no difference what the sleazy Republicans think or say. They had eight years of George Bush ignorance and now they can't take the fire.
I say, give them hell Barry! You won the election, you are President, and you make the rules and not Bush or Cheney.
Oh wait, the Republicans will be irrelevant come 2010 and the Senate will be squarely Democratic. The time of fear mongering is over, there are no more yellow, red or green warning light to scare the crap out of us. This is not 2004 election whereby they said; if you are not with; you are against us! Let em have it!
All Republicans have their fingers in their ears saying 'LA LA LA LA LA LA I CAN'T HEAR YOU!!!'
Great picture of that bag PELOSI.
Barack could have solved this whole crisis by taking 1.4 trillion of all this spending crap and given each homeowner ( of which there is 52 Million homeowners) $20,000 each in a tax break that goes directly to their principal stretched over 2 years. This would have given liquidity to the banks.
Instead these clowns DID NOT spend money on infrastructure as they claimed. BARACKs guys said today that there should have been more money on infrastructure instead of on general spending.
In a MONTH they are going to admit they were wrong and did not handle it properly. I just wonder are they going to criticize congress in the month ahead or are they going to give them a pass.
GET IT TOGETHER AMERICA. STOP THE SPENDING.
IF YOU ARE BROKE YOU CANT SPEND MONEY, SO HOW CAN OUR GOVERMENT.
Great BIG picture of that bag PELOSI.
Barack could have solved this whole crisis by taking 1.4 trillion of all this spending crap and given each homeowner ( of which there is 52 Million homeowners) $20,000 each in a tax break that goes directly to their principal stretched over 2 years. This would have given liquidity to the banks.
Instead these clowns DID NOT spend money on infrastructure as they claimed. BARACKs guys said today that there should have been more money on infrastructure instead of on general spending.
In a MONTH they are going to admit they were wrong and did not handle it properly. I just wonder are they going to criticize congress in the month ahead or are they going to give them a pass.
GET IT TOGETHER AMERICA. STOP THE SPENDING.
IF YOU ARE BROKE YOU CANT SPEND MONEY, SO HOW CAN OUR GOVERMENT.
Lately, when I read all the comments here and on the "liberal" blogs that I've been reading and usually agreeing with over the past few years, it really astounds me just how misguided and/or uninformed most people are when it comes to the financial crisis. It amazes me how a group of people that are right on many social issues like health care are so wrong when it comes to business. It's one thing to not know and keep quiet, but the vast majority of rhetoric that I've been reading lately really frightens me for what it could to the global marketplace and most of it is very off target in terms of facts.
Oh, and BTW, I voted for Obama, but when he or members of his economic team don't come to the press conferences with detailed plans, they're not helping the markets. Bush did help cause this, but Obama & Geithner have not provided the inspiration to turn things around, and in some cases have been exacerbating the problem.
And for those saying "Well give him more time," you don't seem to have the same level of patience from the banks (you know, the ones that you are shareholders of and need to thrive so that you don't lose your stakes as taxpayers). That $350 billion bailout that everyone complains about did significant things when it came to thrawing the credit markets.
Of course we do...now that the adults are back in the White House.
Brandon@ is still stuck in the thumb up your butt, SNL election mode. Grow up non worker.
And the reason? Just look at how all those "girlie men" on Wall Street are acting because they no longer have Dubya and his flock of sheep to cover their butts anymore. They are tanking the Dow. So much for America first...
The newest Wall Steet slogan:
"No bail out for us baby, and we bail out on you"
This is classic media bias in action...you did a poll and asked people
for a preference.....the crooks or the thieves.....the thieves do better in the poll so now you celebrate the thieves!
"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."
These are the people who once said, to quote a famous and beloved President, "Government doesn't solve our problems. Government is the problem." Well right now it seems like they think the market is the problem and the government must fix it.
Thanks to the republicans they've plunged us in to even bigger deficits than in 2001. Lead us into 2 wars, one that should have NEVER been waged in the first place, and costs us billions of dollars.
And brought the greatest economic meltdown on us since the great depression. I AM ABSOLUTELY NEVER EVER EVER GOING TO VOTE FOR A REPUBLICAN AGAIN! They have double standards! Don't take responsiblility for their actions and most of all, THEY HAVE NO IDEA WHAT THEY ARE DOING!
Since we are built on free market, and a great capitalist society, these financial types should be hard at work bringing our economy back, and helping the government make informed financial decisions....... if they can't do that, and are speculating on what the government will do for them....... then they are not worht the billion dollar companies they promote!!!!! Damn wall St. screw the DOW!!!!!! The DOW should rally on economic talent and knowledge, not goverment spending....... This was for Kevin, who is so worried about hoe Wall St. views Obama, which really shows their disdain for the avg. American.
Wow, this is scary. Do people realize why Wall St. failed? Because Congress, specifically Dodd and Barney Frank, blocked regulation for oversight on Fannie and Freddie, which led to unsuitable loans. Couple that with Congress's decision to change the Mark-to-Market rule, and you have the makings of a depression.
Congress is the problem. Wall St. capitalized while it could, then when things went bad, their congressional buddies ran from them so they could get re-elected.
If you honestly think that Nancy Pelosi or Harry Reid knows anything about running the economy, then you are an idiot.
To "Republicans Mislead America" I am amazed at your ignorance. You read the first house bill which was 670 pages. I know, I read it too. It was full of spending. The bill that was actually passed was 1071 pages long. They are 2 different versions. To say you read one and it is the same as the other when it almost doubles the pages is just stupid.
2. I would give up my SS and medicrap benefits if I got all my money back and didn't have to support liberals like you. Of course you want me to give up my benefit, but you don't want me to stop contributing so you can get yours.
3. Liberals criticized Bush saying he was an alarmist. Saying the war on terror was worse than it was. Obama is doing the same thing. Funny how before election the most repeated words were hope and change. Then after his election all he talks about is catastrophe, gloom and doom. You don't mind that Geitner was part of that bail out in NY or that Obama's financial advisers during his campaign were the idiots stealing from Freddie and Fannie. Since it was Obama that is a ok with you.
4. Again you blame everything on Bush. Clinton can't even take credit for his part. It was during his administration that he deregulated banks. Bush brought this up in 2003, but he was ignored by the congress. Yes, congress made that mistake because they wanted deregulation, but deregulation does not me NO OVERSIGHT. It amazes me how you say "Be a REAL American and get behind OUR President or get out of the way so patriotic citizens can help Obama succeed" but you and your party were all criticizing, demonizing, chastizing, and insulting Bush from the moment he got elected. So now it is your guy so I am just supposed to drink the kool aide too.
5. What lies and misleading data? The congressional buget committee is not biased. You must not remember back when Carter was president and he brought up 14% interest rates for morgages, unemployment not seen since the great depression, and the community reinvestment act and he did it with the 60 democrats in the senate. The republicans brought you the low mortgage rates, increase in private businesses to higher people with higher salaries. More millionaires were made in the last 30 years than any other time in history even with accounting for inflation. You are just bitter and angry that you don't posses the intelligence to do something with your life other than hold your handout to the government.
This is a crazy poll. Washington (Rs & Ds) have spent wildly, money that we don't have. Now we are in recession and their strategy is to borrow $4 Trillion dollars and spend it. Are they kidding? Obama will increase the national debt more in 4 years than Bush did in all 8 years (and I think Bush was fiscally irresponsible!). You can't trust Washington or Wall street. We need a third party that can say no to spending. A party that will closely monitor and support banks and investment companies without nationalizing them. We really need to balance the budget not borrow more to stimulate a fake, debt ridden propped-up economy. Nancy Pelosi, Harry Reid and Obama ought to be ashamed of themselves for mortgaging our childrens future to avoid dealing with our financial problems today.
Snifet said :
"Looks like Wall Street's GOP-fueled "Tea Party" temper tantrum over the stimulus package and the potential that their high-rolling casino-style investment "
------–
Exactly!!
Businesses and banks want their money withouit strings attached. Its the only way they will be 'happy'.
Aint gonna happen. WAll Street is no longer the barometer for the economy.
They had their party....now the hangover is here.
So I guess Wall street can take the DOW all the way down if they want. Its the deregulation of 'business' that got us where we are (in part) too bad they feel like they gotta 'punish' the market by throwing their temper tantrum.
NO ONE DUMPED THIS ON BARACKS LAP.
The EGO MAINIAC ELITIST that he is wanted the job. He WANTS the
power and the prestige. HE NEVER WORKED for a community
organization. He made POWER POLITICAL moves and I say he made
them correctly. His wife got a job in the MAYORS office.
THIS WAS ALL A PLAN. THE GUY IS NOT AN IDIOT. HE IS A SMART POLITICIAN. HE DOES NOT LIKE AMERICA. HE DOES NOT LIKE THE CONSTITUTION. HE WANTS TO CHANGE THE CONSTITUTION.
BY THE WAY I AM NOT COUNTING ON SOCIAL SECURITY, BUT NO YOU CANT HAVE IT JUST BECAUSE YOU ARE LAZY AND STUPID.
They are going to NATIONALIZE the banks. This means you liquidate the assets of the stockholders when the goverment takes over. They determine spending and lending practices. They can loan to those at the bottom and insulate it by charging others at the top.
They are going to NATIONALIZE the oil companies. Three congress women in CALIFORNIA have already been floating the idea in Congress. Again you eliminate the stockholders and private investors. You take their shares and you then declare them of no value. You can raiser or lower prices, you can also spend the profits as you see fit.
THIS IS SOCIALISM. KILL OFF THE MIDDLE CLASS and NOW you have a lower class with NO upward mobility possible.
THIS IS EXACTLY how CASTRO took over CUBA after he was VOTED into office.
This is exactly how CHAVEZ took over in Venezuela after he was VOTED into office. He now has changed the Constitution and controls all the judges, military, and police. Controls industry.
PUTIN did the same thing in RUSSIA and has nationalized both the banks and now the oil companies.
THIS IS HOW IT BEGINS. BUSH WAS an IDIOT but THIS IS WORSE. I for one do not like either of them.
STOP SPENDING.
STOP SPENDING.
STOP SPENDING.
BOTH PARTIES ARE SPENDING FREE HOOKERS.
Stock prices go up and down based on expected future earnings...market is sending a clear signal that it does not believe what Obama, Pelosi, and the rest of the democrats are doing is going to help anything. This is a simple fact. No matter what side of the isle you are on people do not want this plan to fail becuase everyone is loosing money but the truth is the market is saying that this plan is a joke.
This is true media bias in action...you do a poll
Who do you prefer...the crooks or the thieves
The thieves do better in the poll
So you celebrate the thieves!
Ok, enough Kevin bashing already. Leave the poor guy alone he is still nursing his Bush hang-over. Once he detox's his Kool Aid soaked cerebral cortex I'm sure he'll have a different perspective. One that deals in the reality of our current situation.
We are pulling for you, buddy!
YES YOU CAN!
The headline "pols" is a misspelling.
Nationalizing Banks.
Nationalizing OIL.
Changing the Constitution.
YEP Sounds like Socialism my man.
If you need a history lesson you should google away and learn a little.
Cheney and Bush have ruined the U.S.
It will take a while to repair all the damage
OR,
You can look at CASTRO, CHAVEZ, PUTIN.
They were all FREELY elected the first time.
They then changed the economy, nationalized bank and industry, than began changes on their constitutions.
Ask Barack. He is very big on changing the US Constitution. He does not like the provisions that have been ruled by the Supreme Court. He wants to make sure EVERYTHING is a right. That the STATE guarantees and will be FORCED to manage everyone and take care of everyone. TAKE FROM THE RICH AND GIVE TO THE POOR.
"...short selling does present investors with an opportunity to make profits in a declining or neutral market..."
Investopedia
Wake up people!! Sure, the stock market has been tanking, but do you hear the Wall Streeters complaining? Why not?
While the rest of are freaking out over the dropping numbers, the inside guys have been making a fortune!!
Wall Street could care less if the market tanks!!
Neither D.C. or Wall St. have earned the least amount of trust. Both are "Buckwheat" as to the hardships out here in the trenches. Not that I expect anything different from either one, no bitter feelings, just the stark reality that the average Joe or Jane bears no consideration inside the beltway or on Wall St. The only purpose Joe or Jane serve is to act as collateral for their idiotic policies and greed.
What? This is ridiculous. Everyone knows Congress' approval rating is anemic (around 30%). This is a biased press spinning the questions to beat up on Wall Street and continue the boot-licking of their anointed candidate. Give me a break.
It will be a loooooooonnnnngggg loooooooonnnnnnnggggg time before any Republican gets close to the White House again.
The American People have LONG memories Republicans. We will NEVER forget what you and your Idiot W and Criminal Cheney did to OUR Country and how you continually try to undermine the common Citizens and give us NOTHING but double-talk. You are disgraceful and should all be impeached, but the bright spot is that you will all be voted out of office soon.
You are NOT working for the People.
LET'S BE CLEAR....
Democrats control the White House, Senate, and the House of Representatives.
Any failure in the economy, homeland security, military deaths abroad, our borders, etc – ALL BELONG TO DEMOCRATS.
Please...Washington and Wall St are so intertwined that it is hard to see where one stops and the other starts. Billions of dollars have flowed from the financial sector into the coffers of the DC rats. Herb and Marion Sandler from World Savings who were knee deep in bad mortgages and sold to Wachovia (which put them under) gave 350,000 to Democrats and 13 million to 527's for Liberal causes. They feed off of one another..one for the pursuit of money and the other for power.
Ula Nejad, you need to stop listening to the people you listen to...... GOD is no repector of person...... Jesus isn't taking sides at all..... He said give unto God what is God's, and unto ceaser what is ceaser's..... does that sound like a Party line...... Please, as a christian I cringe when we try to use God in politics..... if you really believed in God, you would know that he appoints all leaders Good and Evil...... there is a purpose for everything.......
People have to suffer in this world its called life, its called motivation. You work so you can eat and hopefully if you do it right then maybe you can achieve to greater things. Everyone can't own a house. Sure we can throw money at people now and "help" them stay in their homes and nationalize banks and give universal healthcare etc, but whats going to happen is that you are going to wake up and realize that you, your neighbor and the guy across the street all make $30,000 a year no matter how hard you work, if you go to work or what education you have. No one will have any motivation to aspire to be great since the tax on the "rich" will be staggering. In the end we will all be mediocre and thats exactly what america will end up as.
Lets get the show on the road lets see some arrest made for constitutional injustice by the entire bush white house staff. We all know that bunch is guilty as sin. What seems to be the hold up? Or is it that Nancy's hands are dripping with blood as well?
This shows how corrupt Wall Street and the entire Financial industry was during Bush's regime.
They just got used to the 150 – 200 Million in Bonuses
Strip them naked and pay that money back to the banks ..everything will be back to normal.
Mr. Obama is on the right track... nationatize every bank and let's start over from scratch (with proper regulation to avoid corruption)
People just need to read & understand what is going on. Why did Bush make these 2 war commitments with a 3rd war still brewing. Why is it that only the intellect know what he did. Can’t people read? His team need to be investigated.
Wisdom & diplomacy sets you apart from the cloud. You can’t claim to have wisdom if all you see is that which is already visible to the naked eyes. Think ahead beyond earthly limitations.
Pres. Obama is wise beyond his years. The media misunderstands his way of thinking because we haven’t seen it in our life time. He is not ordinary, therefore he doesn’t think like an ordinary man. During the campaign, McCain/Plain accused him of all kinds of things: terrorist, that one, etc. When Michelle was interview, she laughed & said this kind of things will never make him angry, it is only the injustice that makes him angry. And we saw that when he hear about the executive bonus with tax payers money. I see him not just as a unique intellect that he is but as a 120yr old, wise beyond his age. He envisions the true havoc ahead & he is spreading hope with his speech trying to keep people calm. What the media calls political campaign speech for stimulus is actually designed to promote hope/peace, & prevent catastrophe (riots, mass suicide, increase murder rates) that might happen when people finally start to see the real impart of Bush administration. Politics has nothing to do with it. If you think its politics, then join him to shut the RNC up from spreading fear. He doesn’t care about money & power, he doesn’t seek it, it just comes to him naturally. He made $millions as a writer & very little as the Pres. He is actually losing money. His main goal has always been helping the public. It is very difficult for the President to prevent panic & fear while RNC is preaching fear from the roof top.
Bush didn’t just double the national deficit, he tripled it. What many people see is the 5trillion he added but the economist & the intellect see his 6trillion additional commitment that he left the next administration & another 2trillion/yr that is created to last for decades. Similar to what Reagan wanted to do with permanent tax cut for the rich, a commitment of 3trillion/yr. We suffer tremendously with Republican pres. Just read your history, national debt, etc. Don’t attack the messenger. This 6trillion additional commitment will not take 787billion to fit, but a bandage is better than watching a person bleed to death. What is wrong with putting pressure on the wound to stop the bleeding even if you can’t afford enough pressure. It is better than just pulling up a chair to sit down & watch. It is not a show, it is an emergency/ crisis. RNC never know how to deal with crisis, so why start now. RNC pours gasoline in a burning building & wonder why people will not vote for them. What RNC is proposing is not just avoiding CPR on a dying patient but also using their famous fear & panic tactic to make those last hours of ‘bleeding to death’ as miserable as possible, as they sit & laugh at the victim & the Pres. Trying to stop the hemorrhage.
Bush made it so that you can’t just stop the war & pull out, you have to stop it diplomatically & it will take time & more money that we don’t have. The 6trillion additional commitment in war, foreign, & domestic issues will continue to pull us down. Even when the states start to survive. The fed govt will not survive in our life time. We can kiss those glory days good buy for good. This is the worse time ever to be Pres.
Poll: On economy, more trust for Washington than for Wall St.
that is truly scary!
How hilarious that you show Pelosi when asserting that Americans trust politicians more than Wall Street. Who exactly is this "Wall Street" we don't trust? Most people have their money of some amount tied up in Wall Street, and while there are a few bad apples for sure, socialism sure isn't going to save us. Mr. Obama would do a lot better if he would stop presiding over our economy's funeral, and actually give us some hope. I feel we are being manipulated so that we will be so desperate, we'll accept anything he wants to do, including having Big Brother take over everything. Never before has a president squandered a mandate and the goodwill the voters offered him in so little a time.
I really don't think Pres. Obama wants to take your money or your rights.....I think he is interested in making this a fair playing field for all citizens....and truthfully...I really don't believe it's his idea to help the banks.. Wasn't that Pres. Bush's doing? Letting the auto makers fail is devastating to the country for the loss of jobs but it's not the end of the country. If they are left to fail then either they have to shore up some financial responsiblity through reorganization or bankrupcy or both..and the states will need to develope some kind of reeducation or jobs training program (ie: technology, enviromental) to serve those who loose through this.
It's not all hopeless...I was out shopping this weekend and there were loads of people out buying. Try to be a little positive.
Many of those people on Wall Street and the ones who talk all day on CNBC are the biggest bunch of spoiled brats I have ever seen, and they better wake up and realize they are nothing but spoiled instant gratification brats. If they would just shut up for a while, that would make me feel better.
I don't believe this poll. Washington today is a joke, much more full of special interests and accountable to absolutely no one. The house is run by a bunch of baffoons. Reid, Pelosi, Feinstein all are a real joke.
Wall Street may have problems but CEOs are accountable to shareholders. Barney Frank and those losers caused this economy, not Wall Street.
No, Americans don't trust government or wallstreet. Both are in bed with each other. Both will be removed very soon.
Uh, b...I believe "pols" is short for "politicians," so no misspelling.
Trust doesn't match the situation because not very many people trust most politicians. The political system in place today doesn't have our interests at heart.
It's easy for anyone to blame Bush however based on the problem at hand; is this stimulus the absolute best plan our goverment can come up with to help fix our economy?
It's Pathedic.....Polosi and her tribe is going to blow Obama's opportunity to do some really great things, he should have ignored her and those idiots around her that decided to spend some much money on things that will do nothing for the economy.
Bush didn’t just double the national deficit, he tripled it. What many people see is the 5trillion he added but the economist & the intellect see his 6trillion additional commitment that he left the next administration & another 2trillion/yr that is created to last for decades. Similar to what Reagan wanted to do with permanent tax cut for the rich, a commitment of 3trillion/yr. We suffer tremendously with Republican pres.
Why did Bush make these 2 war commitments with a 3rd war still brewing. Why is it that only the intellect know what he did. Can’t people read? His team need to be investigated.
Wisdom & diplomacy sets you apart from the cloud. You can’t claim to have wisdom if all you see is that which is already visible to the naked eyes. Think ahead beyond earthly limitations.
Just read your history, national debt, etc. Don’t attack the messenger. This 6trillion additional commitment will not take 787billion to fit, but a bandage is better than watching a person bleed to death. What is wrong with putting pressure on the wound to stop the bleeding even if you can’t afford enough pressure. It is better than just pulling up a chair to sit down & watch. It is not a show, it is an emergency/ crisis. RNC never know how to deal with crisis, so why start now. RNC pours gasoline in a burning building & wonder why people will not vote for them. What RNC is proposing is not just avoiding CPR on a dying patient but also using their famous fear & panic tactic to make those last hours of ‘bleeding to death’ as miserable as possible, as they sit & laugh at the victim & the Pres. Trying to stop the hemorrhage.
Bush made it so that you can’t just stop the war & pull out, you have to stop it diplomatically & it will take time & more money that we don’t have. The 6trillion additional commitment in war, foreign, & domestic issues will continue to pull us down. Even when the states start to survive. The fed govt will not survive in our life time. We can kiss those glory days good buy for good. This is the worse time ever to be Pres.
God, you people make me sick. It's obvious most of you have no clue how business or government works. Take what little money you have left and buy silver and gold. It will probably be the only thing that has any value a year from now.
The whole separation of Wall Street and Main Street is incredibly misleading. In one way or another the vast majority of us have a stake in the stock market, either through direct investments or through stakes in pension plans, or stakes in pension plans of state and municipal workers (which ultimately show up in the state and local taxes we pay), and the confidence (or lack thereof) generated by rising and falling markets.
None of us complained when the markets nearly doubled from late 2002 to late-2007. None of us complained when housing prices doubled in about the same period (even though that was completely unsustainable.
It masked many problems, not all all which were Bush's creation. Yes, there was a lack of oversight at the SEC that could have uncovered the Madoff's of the world, but the biggest deregulation bill was signed by Clinton. Bush did not keep interest rates too low for too long in the 2003-2005 period, the effect of which was to create variable mortgage rates that could not be sustained – the leading cause of the housing crisis. Bush did not block investigations of Freddie and Fannie in 2005 and 2006 when things were still going well, at least on the surface. Dodd and his cronies did that.
And Bush did not create the stringent mark-to-market accounting that forced write-downs of temporarily impaired assets that ended up reducing bank capital and their ability to lend. It was Bush and his team however that forced bank's investment in Freddie and Fannie preferred stock to become worthless, further reducing bank capital.
So there's enough blame to go around for this mess, and unfortunately many of the causes are still in DC. Only Bush left.
However, the market is a leading indicator – and right now, like it or not, they are seeing a lot of hope. If Obama would start spouting the hope he displayed during the campaign – something that disappeared on 1-20-09, maybe that would be a start. Reagun did it, even when he inherited a mess. FDR also did it.
Many people here, particularly Truth Bomb Thrower need to learn how to differentiate between socialist and communist countries. Canada, France, Sweden, etc.; these are "socialist" countries. These countries have less tyranny, poverty and misery than does the US. You could also add Venezuela and Bolivia as socialist; both of these countries have more or less the same levels of poverty and tyranny than they did under capitalist regimes.
The type of tyranny and poverty you are talking about comes from COMMUNIST countries like are China and Cuba.
Communism refers to the abrogation of private property and common ownership of the means of production. This is the type of system you are talking about. Further, many Marxists believe the communist states to be deformed versions of communism.
wall street vs washington...lesser of two evils
According to Republicans Wallstreet can police itself, this was proven to be incorrect and the people have had enough.
Barney Frank is a great decision maker, with his track record he's entitled to spend everyones money!
He should have run for president since the current president is now working for him!
Wall St. banksters OWN Washington you fools! While it seems they've got you focused through means of media manipulation and social ignorance that it's good cop/bad cop, both the Federal Reserve/World banks AND politicians are raping us of our wealth, and by the looks of these comments we idiots stand idly by, waiting for our enslavement for the sake of paltry government handouts. If you mental midgets don't wake up to the reality that Republicans and Democrats are on the same team to control the apathetic masses then we're all doomed. And where are you anti-war Obama people anyway? All is silent on the war front from you people despite the fact that he's EXPANDING the war! Fools again I say. And who's financing both sides of this war, or any other for the last three hundred years? Globalist banks. Ever notice how foreign policy never REALLY changes from one president to the next, regardless of party? Because the President, or congress for that matter don't run the show. Pick up a non-state supplied history book and read it. Or don't. Just believe everything Obama says.. I mean, you'd all walk to Texas with a bag of dung on your head if he asked you to so.... FOR THOSE WHO WANT TO TAKE THE RED PILL, read The Creature from Jekyll Island by G. Edward Griffin. WAKE UP AMERICA! Revolution is at hand, whether you stick your head in the sand or not.
Maybe someone should send these poll results as well as those published by the Washington Post polls to Wolf Blitzer who has been nothing but negative about anything the Obama administration is doing.
I agree with "Matthew,Detroit" and "True Conservative".
And at this point everyone should be able to tell that GOP and Dems are just another way of saying "bloods" and "crips" - they wear blue or red and fight with each other and both steal our money for their own benefit.
Obama is quickly wasting an opportunity to help the country - unfortunately continuing to "change the rules" of capital markets every week with another inconsistent and rushed government plan. This is what government and FDR did for 10 yrs during the 1930s and it kept us from prosperity for over 10 yrs.
What brought New York out of municipal bankruptcy in the 1970s was creating an office which could break union contracts and lay off union staff -– just the opposite as what Obama and the liberal states (NY, NJ, IL, FL...) are doing now which is expand the spending/entitlement programs - they are just delaying bankruptcy. California will quickly learn when all of the successfull people and businesses leave their state for states with lower taxes.
PELOSI.
How about a little botox. That might be good for stimulus bill.
I like it. Baracks guys are on MSNBC admitting that they should have focused the STIMULUS bill on the infrastructure spending as was first suggested rather than the "general" spending that could have been eliminated.
Looks like they are going to be looking for another 300 billion in 3 months. NICE MORE SPENDING.
They are giving the money to the wrong people. It's time to give to the taxpayers and let it actually stimulate the economy. When you give it to the guys with money, they hoard it or swap it back and forth with other guys that have money.; Give it to the have nots!
Matthew, did you know that Bush did more to take away from our constitutional rights than any other president in history? To even suggest that Obama will do the same thing is ridiculous because, 1) If he DID do that he would be impeached faster than you can blink and 2) He has only been in office a little over a month. I bet you think that you are so smart by comparing Obama to a socialist (nobody has ever done that before), even though there isn't a single argument that you give to suggest so.
BIG AL C.
YEAH AND WHAT EXACTLY WOULD YOU ARREST THEM FOR.
WHO WOULD YOU ARREST. WHO WOULD YOU CHARGE.
YOU ARE A BIG TALKER AL C... NOW SPELL IT OUT OR KEEP QUIET
LITTLE MAN.
@ Mathew, Detroit
Who wants to change the Constitution? Nobody's proposing that other than the GOP. One more conservative on that bench and we'd all be calling it the King James Constitution. And if you're talking about the 2nd Amendment fear-mongering the GOP used to create a smokescreen for the gun buying bonanza engaged in by the weekend pseudo-militias that always come out of the woodwork whenever a Dem holds the office of POTUS, then you can go back and refer to Holder's comments about upholding the Supreme Court's ruling on the subject. Other than that issue, however, you're just fabricating nonsense, because no other issue exists to come close to fitting your accusation.
REVOLUTION or it's GAME OVER.
Obama, Pelosi, and Reid are going to destroy this country, and you koolaid drinking freaks are going to sit around drooling onver pictures of Barrak, fantazing about being with him.
If he told you to jump off a cliff, you'd go without question. Hmm, maybe that's a good way to get this country back on track.
And Sniffit, if you had 1/2 a brian you may by 1/8 dangerous. I'd give ya a buck to go get a clue, but you'd probably drool on it and send it to Barry.
Bush and Cheney poured a trillion dollars into Iraq, it was a success...except most of the money was stolen by Bush and Cheney's contractor friends. And all of the money was deficit...but it wasn't counted in the budget.
Bush and Cheney's Wall Street friends then stole every penny in the banks, so Bush and Cheney printed up 350 billion dollars of deficit, gave it to their Wall Street friends, and Wall Street stole most of that too.
What's most surprising is that most Republicans still support these massive thefts from the taxpayer (it's called a "re-distribution of wealth"...from working people to the rich).
Ironic, since the majority of the elected officials seem to not pay their taxes. These are the same elected officials who voted to RESCUE AIG, the group that is responsible for the senates and the congress retirement plans, who did you poll CNN? The majority of the execs and our senators/congress worry about their wallets or re-election, it truly is a shame.
I trust the new administration, but not Congress or Wall Street. Congress bailed out AIG to save their own pensions. It had nothing to do with stimulating the economy. Boycott the banks that got bailout money and aren't lending it. Vote out everyone who voted to give them money. Top of the list to go should be Pelosi, Reid, Dodd and Frank. And vote out all the Repulicans who couldn't come up with anything other than "tax cuts" to save the economy. Like this problem started last week.
So, guess what? America tried the Bush/Republican way of doing things for 8 long years. And many feel not entirely by choice. And that didn't exactly work out for us. Starting a war with those who didn't attack us while letting those that did get away – and spending much more than all the stimuluses combined in the useless process. Destroying the economy. Even their greatest supporters, whose corner they were in so deeply, the Wall Street types ended up ruined. But here we've made a clear, resounding choice. Now we're going to try things the Obama/Democratic way. The verdict is out on the Bush/Republican way, but there's still years to go before we'll know how the Obama/Democratic way turned out. So quit trying to sabotage our recovery, you sore losers, and get with the program!
Yes. Like a song "one on one', the heart isnt always true. This is why we have to regulate businesses. Deregulation is only for a country full of Mother Theresa and Pope John Paul, but not for a bunch of Darth Vaders and Siths, running around
There is no credibility in the Elephants, until they pay off the 5 trilliondollars debt, left by giving W a blank check. Once paid off, I will listen to them again.
Obie is not a perfect man, but for some reasons, I trust him. With all my heart, I know that he wants to do the right thing.
Yeah, I trust Pelosi and Reid NOT!
The majority of us are about to become second class citizens through the meltdown of the market ant the effect on 401Ks. The middle class will seize to exist. We will be easy pickings after that.
HEY Republicans Mislead America,
PEOPLE LIKE YOU ARE THE REASON THIS COUNTRY IS SINKING.
ANYONE THAT WOULD SUPPORT OBAMA REALLY DOESN'T UNDERSTAND WHAT HE IS IN PROCESS OF DOING TO THIS COUNTRY.
GULLIBLE PEOPLE SHOULD NOT BE ABLE TO VOTE!!!!!!!!!!!
Polls are opinions of a select few.
Check what the economy numbers say and you will see that the economy has reached new lows every day since Obama and Nancy and Harry have been making decisions. That is reality and you can say what you want but with this bunch this counrty is in a downward spiral and no matter how you spin it the results mean disaster.
The news can continue to spin Obama's plans, by doing as Bill Clinton says, lie about the economy and how great the plans are or will work. Some time soon the truth will be undeniable and that time may be to late.
Let's just cut right to it.
The percentages represent what's left of the stinking rotten corpse that is the "R" party and their fat lobbyists piggy friends. The reason hardly anyone has any confidence that auto execs, investment bankers, and wall street traitiors (yeah, I spell it my way) is that they have betrayed their country for a few pieces of silver, with the collaboration of the republican party, it's now-retired incompetent "W", and its gutless legislators who have sent thousands of our kids to die so we can control a lot of sand in the desert. Congress has a higher rating now than it did just a few months ago and if you don't think that has anything to do with more "R" people not in it, you're drinking the right wing, radicalized christian Kool Aid.
DO YOU HEAR HER OUT CRY AT THE AUTO MAKERS. STOP YOUR FLYING. ######
NOW LOOK WHAT PELOSI DOES.
FLYS BACK AN FORTH FROM CALIF. THAT IS A TAX PAYERS COST OF $60,000 EACH WAY. OR ANNUAL COST TO TAXPAYERS OF $ 5,760,000 , THEN SHE COMPLAINS ABOUT THE COST OF THE WAR.
SHE COULD TAKE A SMALLER PLANE. BUT THAT CRAMPS HER LIFE STYLE. NOW HER LIFE STYLE TAKES PRECEDENCE OVER WAR COST .
THEN WE HAVE MILITARY FAMILES , DO WITH OUT , WHILE THIS WOMAN HEADS UP THE DO NOTHING CONGRESS . WHAT A TALK OUT OF THE WRONG CORNER OF , THE MOUTH PERSON SHE IS. THEN WE HAVE HER FOR ALL THE ILLLEGALS .
AMERICA WAKE UP . THEM FLY AROUND , AN MOUTH AROUNDERS IS WHAT GOT US INTO ALL THIS . SPEND THRIFTS, WALL ST , AN NOW WE ARE SUPPOSE TO PAY GILL WE DIE FOR THEM .
CHECK OBAMA'S STATUS, ON HOW HE GOT HIS HOME, GOT CASH BACK AN THE LOWEST RATE OF INTEREST . aN THE STORY GOES ON AN ON. STIMILUS, STIMULUS, WHY NOT NAME IT ACORN, ACORN FOR THE DEMOCRATS.
Trust and Wall Street are two things that should never be uttered in the same breath.Unfettered Capitalism is no more a panacea than fettered Communism is.Both have shown to be ineffective when it comes to the common good of the Earth's inhabitants.
SERIOUSLY PEOPLE.
WE NEED TO ALL ELECT PEOPLE THAT DONT SPEND.
I DONT CARE WHAT PARTY THEY ARE FROM.
THEY NEED TO Breathe CAPITALISM AND STOP SPENDING.
What ever people want to do to themselves I dont care. I just dont want to pick up the bill for abortions, children, drug habits, I am broke syndrome, or anything else.
Your religion is your issue. I cant and dont want to save your soul or talk you into church. I just dont want to pay for people that dont work, have bad health, ate too much, are crazy, are lazy, have a drug habit, etc... etc... etc....
Trust will not continue if you keep dumping bucks in AIG, Citigroup, and Bank of America. I don't believe Americans really want to own these failed groups. Brush em off, let em fall.
What always makes me chuckle (or would if it weren't so tragic) is that guys like Kevin, who act like the Republicans have had their best interests at heart and are the salvation for the majority middle class, if truth be told probably gross between $30,000 and $40,000 a year and have been the "butt of the joke" for these so called GOP benefactors. It used to really chap my behind when I taught school and some of my fellow teachers would spew the Republican rant all the while they were getting screwed right along with the rest of us. While I'm at it, I can't, for the life of me, understand why any farmer would be a Republican; for years the Dems have proposed legislation for their benefit while the Republicans have actively taken measures to make their lives more difficult and their industry less lucrative. Help me understand guys like "Joe the plumber" who can look at two plans, one supportive to those making less than $250K annually and one that benefits those making substantially more than that at the expense of those who don't and, knowing he doesn't make anywhere near that kind of money, still comes down on the side of the wealthy. Joe! Wake up! You're hurting because you've been getting screwed for the last eight years, not because someone's trying to wrestle your guns out of your hands. First of all, nobody wants your damned guns and it would be political suicide to try and take them away from you; second of all, that particular fear and several others (all things "Socialist" are a danger to our way of life) have led you "Middle Americans" to make some really really really bad decisions these last eight years.
I do trust Washington more than Wall Street, but that's not saying much. After seeing Wall Street burn my life savings, 401k, and Roth IRA; now I hear our president talking about changes in Social Security. I guess that means I have to work more years so that I'll die soon after I meet requirements to draw from Social Security. What kind of bailout are the Baby Boomers getting? Oh yeah, we get to bail out the younger yuppies who overbought and didn't "'understand" what the variable interest rate meant. Give US a break! We pay our bills and paid our mortgages. Help us. We are drowning in these "bailouts."
Greed...that is what got us into this mess, not the republicans and not the democrats...pure greed. The greed was on Wall St. and in our own community banks.
As for Washington, Stop Spending on pork and pet projects. Start LEGISLATING, create laws to create jobs. Example: Trains cannot be powered by carbon fuels by 2020. This forces the train companies to come up with something else like maglevs.
We had balanced budgets under Clinton because Democrats and Republicans had to WORK TOGETHER...so do it again.
Obama: don't cut the deficit in half...eliminate it, NOW.
I want solutions...not excuses
And Please: Democrats and Republicans stop squabbling and LEGISLATE
look at the comments here – I kid you not - it is still all GWB's fault ....
Boy we better take down all those Wall St and big corporation Republican lacky's (half to most of whom supported Prez 44) ... whose next on the ideological partisan firing line? Right wingnut (she actually is a centrist in her public governance style but let's feed the illusion we have created for ourselves so we can watch Ketih Olberman's rants & groove with his hate speech) Palin, doddering McCain, Religon, Mormon nut Romney, Mad Rudy Guiliani, idiot Buch, Darth Vader Cheney ...
CALIFORNIA.
WE all LOVE Solar energy CORRECT.
Than why does the DEMOCRATIC congress in California shoot down
a solar energy bill??? Wel it seems that the bill DID NOT require UNION LABOR
to install all of the solar systems that received the tax breaks.
SO NOW we cut solar technology spreading because it is only good if
it benefits UNIONS. That is bunk. Another stupid thought.
@ Chris
Laughable. "We lost control of the country and don't agree with the majority who won it, so to hell with democracy...let's have a civil war like Glen Beck, Sean Hannity and Rush Limbaugh are suggesting!!! O'Reilly can be the sidelines announcer!!!" How wonderfully American and patriotic of you. Don't like our system of gov't unless it works in your favor? Simple answer: Get out. Nobody's making you stay.
President Obama wants the rich to pay for the defense of this country, for the health care of this country, for the unemployment of this country, for the education in this country, and for housing in this country. Oh and yes – he wants everyone to take personal responsibility for themselves. DUH! The DEMs call it leveling the playing field. Sounds like welfare to me.
yes, because it's worked so well redistributing wealth from the poor to the richies, right? Feh. Rs only complain about class warfare when they're not winning it.
Without Wall Street, GM, Ford, Chrysler etc. stock forget generating new jobs if no one is investing. The Stock Market is the most important part of the econony.
Trusting Dems over Wall St is a no brainer. But, I must admit I wish we could get rid of Pelosi and Reid and get some folks who think and act a little more like Obama and Clinton. I.E. centrists with charisma as opposed to far lefties that make you wince when they talk about agendas you care about
Maddof is more trustworthy than Pelosi. He knows he was stealing, Pelosi is still in denial.
Social "Security wouldn't be in a mess had the politicians left it alone. It wasn't their money to spend. I worked a lot of years putting money in there.
Let the people in Congress get busy and pay their income tax like the common man does and perhaps thing could be improved. I make #30,ooo a year and if I didn't pay my income tax I would go to jail or be fined beyond anyone's imagination.
Instead of giving the big check to the auto industry, send us the money and let us buy a new car and then the money would be spent honestly. Politicians have no idea of dollar amounts. They fly to Italy and tax payers pay the bill and they do this at the time they spread a sorry feeling for the hurting Americans. If it wasn't so sad it would be laughable. And then they send me a $400 check and it doesn't even pay my last month's heating bill. How stupid do you think the honest American is.
Although I am not advocating socialism, I would like to point out how hard it is to take people with names like ('truth bomb thrower'?) seriously when they say stuff like
"Never mind that socialism has never done anything but cause POVERTY, TYRRANY, and MISERY in every country that has ever tried it! "
Uhhh.... Sweden is as socialist as it gets... the government takes care of you from cradle to grave and....... uhhh........ no poverty, no tyranny, and no misery (except from the weather there, I imagine)
Lately, when I read all the comments here and on the "liberal" blogs that I've been reading and usually agreeing with over the past few years, it really astounds me just how misguided and/or uninformed most people are when it comes to the financial crisis. It amazes me how a group of people that are right on many social issues like health care are so wrong when it comes to business. It's one thing to not know and keep quiet, but the vast majority of rhetoric that I've been reading lately really frightens me for what it could to the global marketplace and most of it is very off target in terms of facts.
Oh, and BTW, I voted for Obama, but when he or members of his economic team don't come to the press conferences with detailed plans, they're not helping the markets. Bush did help cause this, but Obama & Geithner have not provided the inspiration to turn things around, and in some cases have been exacerbating the problem.
And for those saying "Well give him more time," you don't seem to have the same level of patience from the banks (you know, the ones that you are shareholders of and need to thrive so that you don't lose your stakes as taxpayers). That $350 billion bailout that everyone complains about did significant things when it came to thrawing the credit markets.
What's it take to get a comment out of moderation on here?
I personally think we need a little more positive coming from the news media, talk shows, economic leaders, etc. How can one watch TV and feel good about life and the economy when we are being told by everyone how bad things are, how the elderly may loose everything, social security, ALWAYS doom and gloom on the boob tube. Lets put some positive back in our lives and possibly everyone will feel better and start going out and even though the money is tight they may just buy one little thing and help start this country on a better path.
AND lets try and buy AMERICAN made for a change, that is if you can find something made in America. Give Obama a chance, Bush sure knew this was coming and I don't hear anyone saying the Republicans helped anyone while he was in office. Republicans – WAKE UP – we elected Obama for a change and why should we go your way now when we did that for the last 8 years. By the way, I WAS a Republican until Bush messed up my life.
Now go read John Maynard Keynes – he was, and is, right.
The Chicago/Bush/.Wall Street/,Maggie Thatcher/,Reagan/ economy theories have been proven incorrect.
I'll buy a car when it is 100% electric. Oil is down, but pump prices are still high.
No shock here... over half the country wanted the stimulus package... which shows how stupid and sheep like the majority are.
Yea... wallstreet has less knowledge on money than government... who by the way isn't profit driven and overspends on everythings.
Wall street... which turns huge profits over any ten year run in history... NEVER LOSSES LONG TERM...
You bet on the gov... I'll be betting on wallstreet... The gov's never given me a dime that wasn't mine to start with... Wallstreet will help me retire, pay off my house, put my kids through college, buy a boat, motorcycle, cars, etc.... The gov.... well... they give me roads to drive the motorcycle on.... oh wait... I pay property tax.... guess I bought that too.
It took eight years of democrat mud slinging to get to this. Man that's change for you.
At this point I'm not big on trusting anybody. The banks were doing "business as usual", and the politicians were also doing "business as usual". We, the people, were screwed as usual. Obama last week was giving tax cuts and a big "stimulus" bill, this week he's raising taxes and calling on all the mayors "not to abuse" the money the cities might receive. Wow. Talk about the pot calling the kettle black (no offense intended). Oboma passes a "major pork bill" for all his friends, but tells the mayors to behave themselves. OH, PLEASE!!!!!!! Even some of the people that voted for this jackass are beginning to see him for what he is.
You now have a President who talks to the people, not at them.
No one knows what this stimulus package will do until it is in full effect, no one! We had to put up with Bush for 8 years and he was frankly clueless. So now we have to wait, and hope, and pray. We have to support each other and pull together. We have to be Americans. The nay-sayers are whiners that don't have the courage to stay the course.
Federal Govt, Wall street, & The Fed:
– Put us back to honest money, i.e. Gold standard. End fractional reserve lending, then step away from the Crisis!
It was Obama's plan all along to try to get the public to trust government more than they trust business. That's how socialism begins. First you create class warfare, then a sense of entitlement amongst the less capable and less productive and, voila! Socialism. All you have to do is scroll down and look at the illiterate ranting of Brandon @ 4:18. He has bought it lock, stock, and barrel.
We now have a Democrat in the White House and majorities in both houses of Congress are from the Democratic party and middle class people have a good reason for hope. On the other hand, the republican party and their wealthy supporters seemed to be engaged in class warfare against the rest of America.
We now have a Democrat in the White House and majorities in both houses of Congress are from the Democratic party and middle class people have a good reason for hope.
On the other hand, the republican party and their wealthy supporters seemed to be engaged in class warfare against the rest of America. The republicans in congress have shown a complete disregard for middle class America and seemed to be quite comfortable with the current economic situation.
Anybody else getting the feeling none of the current or past administration has a clue as to what they are doing. Small business provides 70% + of all jobs but gets only 1% of the stimulus package. Obviously big lobby money tops commen sense as usual, no change here.
Why Republican always oppose what Democrate propose.I think,it 's becuase republican want democrat to missled the country and then later they come up with agenda of change to win election.Those big boys don't want the right direction that tthe Democrat has taken.They just fighting for power only.
Washington is filled with Democrats. Wall Street is filled with Republicans. Enough said.
We spent on war and tax cuts for rich and buisiness for 8 years. Now we spend to repair infrastructure, or balance the tax code and its socialism run for the hills!! What the hell people. I had to pay tax dollars to Be in Iraq, and then re-build Iraq. Can we re-build here now? If Americans looked at the 'semi-socialized' countries in Europe , they would see they are investing in their infrastructure, that their health care is more accessible and affordable, and they have less of a gap between the poor and rich.
Seems to me the rich are screaming the loudest. Maybe they have the most to lose. But in every land through time, when the 1% at the top are supported by the 99% at the bottom, eventually there is REVOLUTION. Otherwise, we would still be British.
How could anyone have faith in Wall Street? Their greed got us where we are.
President Obama has worked harder in 30 days than Bush did his entire presidency. I have access to more information to what is happening in Washington, than I certainly have in the last 8 years. Evidently Wall Street wasn't worried about the debt Bush was racking up-and for what?
Wall Street drops when any help comes to middle class instead of those greedy "players."
The way I see it there are 545 people responsible for the mess we are in. They are the only ones who pass the laws for this country. No $ can be spent without their approval. Congress 435, Senate 100, Supreme court 9 and 1 President. It takes a majority of this group to cause this kind of chaos. Wall street has it's problems for sure but they all work on the edge of the laws passed by these people. The more government tries redirect the natural flow of our economy the more they hurt the middle class. But maybe that's the idea, a smaller middle class and a larger dependent class for them to rule over!
If people will lookup the word socialism and reference that term in their everyday life, then they will understand what the president means by socializing with the Republicans. People we can't let the Republicans and WallStreet lead us into a recession we don't need. Be careful about how you partake any measure and criticize the President. He is only telling us how we can get out of this mess and how he plan to fix this mess. So either you are with him or not. Remember we voted for change and he promise to let us know what is going on and what he is going to do and we are still complaining about knowing the truth. If you never understood anything in life, the truth hurts when you know it and a lie only hurt when you hear it because that is what we expect. Now the truth is being told and we can't except it because we are use to lies and not the truth. Well people get over it because President Obama is telling us the truth and no lies.
@Steve the real one.Just pick one and let us watch.
That's like asking : Who would you trust more to baby sit your kids , Jeffrey Dahlmer or Ted Bundy !!!
If this isn't a BULL SHIT STORY! YOU MEAN TO TELL ME THAT THE AMERICAN PEOPLE TRUST THE PEOPLE WHO CAUSED THIS MESS MORE THAN WALL STREET.
SORRY CNN, I AM NOT BUYING ANY OF YOUR LIBERAL BULL SHIT. GO TRY AND SELL THIS STORY TO THE STUPID LIBERALS!
For all the left wing liberal nutjob sheeple out there,,,,,where do you think the money to pay back all these "stimulus' packages is going to come from,,,,,hmmmmm????
The democratic congress monkey's numbers do not add up. The antichrist is sending this country to he!! in a handbasket in a big hurry, or at least the same way as the roman empire went.
I dont think so.
To Quote Welcome Back........."Well kiddies, the stockmarket fell to 1997 levels today. Congratulations to the President and Congress; they have taken us back to the Bill Clinton years."............What was so terrible about the Bill Clinton Years? We had low unemployment , lower healthcare costs , a Stable Economy AND a Budget Surplus!........8 years of the Bush administration More than Tripled my health insurance premiums and Halved my 401k . Yes! Bill Clinton cheated on his wife. that was a Personal Tragedy for his family. It was not A National Tragedy like we find ourselves in today . Bill Clinton was the first president to have a special prosecutor assigned to (Hound) or "investigate" him. Perhaps if he had been allowed to focus on the job at hand he could have prevented the Real Tragedy of Sept 11. ...The "Bushwacking" of America for the last 8 years will take President Obama Years to Undo. The Republican strategy is clear . Distract, impede and embarass President Obama at every chance. Under no circumstances should he be allowed to succeed. The Republicans cannot have an improving economy and optimistic American citizens if they are to defeat President Obama in 4 years. They have chosen to put their political ambitions First and America's Interests Last!.........What A Surprise!
The poll does not say much...Wall Street is correctly being brutalized for its unfettered greed. Yes we are a capitalistic country but you cannot expect completely unregulated business to do what is best for the consumer or its workers. It may have at one time a long time ago but not since the world became an open market with jobs moving to whatever country can promise the lowest wage and the least environmental regulation.
Thank God that President Obama is behaving like an adult because I don't trust Congress (ANY of them) to do the right thing.
So, let's continue to have debate. Let's continue to come up with ideas.
But enough of the right wing bleating with no solutions. What do you say Willy Brown, any constructive ideas?
BS.
The Racists are calling it 'Socialism'. The non-rich Republicans are ABSOLUTELY STUPID for backing a party that's against your own socio-economic interests. 8 yrs of Bush and all these problems... and you still think the republican way is the best way to go? WOW
NEVER LET THE REPUBLICANS WIN AGAIN!!!!
NEVER LET THE REPUBLICANS WIN AGAIN!!!!
NEVER LET THE REPUBLICANS WIN AGAIN!!!!
NEVER LET THE REPUBLICANS WIN AGAIN!!!!
Does Obama know what the heck he is doing?