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Thread: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by 1Perry View Post

    Unemployment isn't higher?
    Higher than what? Than when Obama took over? Yes, because we lost an addtional 3 million jobs until Bush's Great Recession ended after Obama was sworn in. That was on top of the 5 million we lost during the Great Recession leading up to Obama's inauguration. Given the state of the economy, do you find it reasonable to blame Obama for people losing their job during the recession he inherited?

    Quote Originally Posted by 1Perry View Post

    We aren't further in debt?
    When hasn't the debt grown?

    Quote Originally Posted by 1Perry View Post

    Anyone predicting a positive result like Reagan saw in 83?
    It doesn't look likely, however there are stark differences in the economy, most notably, Reagan's recession was intentionally brought on and somewhat controlled by controlling interest rates. Whereas Bush's Great Recession was built on the collapse of the housing markets, credit markets, combined with companies moving portions of their business offshore. Recovering from this economy is not as simple as it just lowering interest rates like it was in the 80's.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    I might add that Reagan didn't have an opposition party that opposed virtually everything he tried to accomplish in knee-jerk fashion. Seems that Democrats were actually more interested in trying things that might help versus playing chicken with the U.S. economy to score political points against Reagan.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by 1Perry View Post
    Opinion noted. (p.s that you would pick 1982 as a reference point to 2008 allows me to dismiss you. The economy tanked way before that)
    Fine choose 1981 or 1980 or 1979

    The issue stilll stands the economic conditions in the late 70s and early 80s is far different thern the economic conditions of the late 2000s and early 2010s. The abilty to use debt to stimulate the economy now is far less then in the early 80s as the amount of debt in the economy as % of GDP is far greater now then it was then, and debt was the method of exiting the 1980s econimic malaise
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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Sheik Yerbuti View Post
    Higher than what? Than when Obama took over? Yes, because we lost an addtional 3 million jobs until Bush's Great Recession ended after Obama was sworn in. That was on top of the 5 million we lost during the Great Recession leading up to Obama's inauguration. Given the state of the economy, do you find it reasonable to blame Obama for people losing their job during the recession he inherited?


    When hasn't the debt grown?


    It doesn't look likely, however there are stark differences in the economy, most notably, Reagan's recession was intentionally brought on and somewhat controlled by controlling interest rates. Whereas Bush's Great Recession was built on the collapse of the housing markets, credit markets, combined with companies moving portions of their business offshore. Recovering from this economy is not as simple as it just lowering interest rates like it was in the 80's.

    To note the recession of the early 80s was self inflected. Volker raised interesst rates at the fed drastically in order to put a lid on inflation
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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by AdamT View Post

    I might add that Reagan didn't have an opposition party that opposed virtually everything he tried to accomplish in knee-jerk fashion. Seems that Democrats were actually more interested in trying things that might help versus playing chicken with the U.S. economy to score political points against Reagan.
    Which included increasing the debt ceiling 18 times without the need to raise it to a national crisis to the point of triggering a credit downgrade. Republicans these daze are a special breed.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Sheik Yerbuti View Post
    Which included increasing the debt ceiling 18 times without the need to raise it to a national crisis to the point of triggering a credit downgrade. Republicans these daze are a special breed.

    Republicans with the capitol R wouldn’t recognize what call themselves republicans today.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    At least some of them are getting the message. And this is why Rick Perry wouldn't stand a chance in the general election:

    "As Republican lawmakers held constituent meetings in their home districts over the August recess, they were often confronted for taking hard-right positions on everything from taxes to entitlement reform, sending a message that at least Sen. John Thune (R-SD) seems to have noticed. Thune said the main things he heard from constitutes was frustration over Congress’ inability to work together and opposition to cuts to social safety net programs, the Argus Leader reports:


    “Do something,” Thune said Wednesday after a town hall meeting at the Brandon Municipal Golf Course. “Why can’t you work together? There’s a high level of frustration with the inaction, and there’s a lack of confidence in the country and the economy. They want to see us get something done.”

    That’s one of the major insights he’ll take back to Washington, D.C. after the August recess, he said.

    It ranks behind “don’t cut my Social Security and Medicare. I’ve heard that quite a bit,” Thune said.


    Thune: Top Message I Got From Town Halls Is ‘Don’t Cut My Social Security And Medicare’ | ThinkProgress
    Last edited by AdamT; 08-30-11 at 02:33 AM.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by ufimych View Post
    I do not approve Obama, but I will vote for him.
    Why would you do that? Is this a Black thing?

    Obama is a total failure, and know some people who have limited mental acuity think he's brilliant they have nothing to base that on. EVery program he's come up with has failed and cost "We the People" billions, and fixed not one damn thing.

    Someone recently said they'd sooner vote for a can of corn or words to that effect.

    I would personally sooner vote for a box of rocks than Obama, he lacks the Management skills to to run a pay toilet.
    Last edited by Councilman; 08-30-11 at 03:05 AM.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Sheik Yerbuti View Post
    It doesn't look likely, however there are stark differences in the economy, most notably, Reagan's recession was intentionally brought on and somewhat controlled by controlling interest rates. Whereas Bush's Great Recession was built on the collapse of the housing markets, credit markets, combined with companies moving portions of their business offshore. Recovering from this economy is not as simple as it just lowering interest rates like it was in the 80's.
    Obviously you weren't around then. We were actually having similiar discussions about about Japan back then as we do about China today. I'm not sure who thought that 20% interest rates were a good idea.

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    Re: Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    Quote Originally Posted by Lord Tammerlain View Post
    Fine choose 1981 or 1980 or 1979

    The issue stilll stands the economic conditions in the late 70s and early 80s is far different thern the economic conditions of the late 2000s and early 2010s. The abilty to use debt to stimulate the economy now is far less then in the early 80s as the amount of debt in the economy as % of GDP is far greater now then it was then, and debt was the method of exiting the 1980s econimic malaise
    We tried the "stimulant" route. It failed. It's foolish to argue that it just wasn't enough. No, the wrong group was stimulated. Wall Street as opposed to main street.

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