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Posts Tagged ‘bank bailout’

Will Obama Make it Through His Term?

Posted by msrb on November 21, 2009

Obama’s job approval rating falls below 50 percent

Pluck any conscientious American from anywhere in the US, put them in the White House and they’ll perform better than Mr Obama.

President Obama has shown NO Leadership qualities, NO management skills, NEAR Zero concern for ordinary Americans and TOTAL Lack of awareness on real issues.

Unsurprisingly, only 49 percent of Americans approved of Obama’s job performance, a major Gallup Poll revealed. His approval rating after taking office in January was just short of 70 percent.

This news came only days after the USDA revealed that 49.1 million Americans are short of food.

President Obama tours the Badaling section of the Great Wall in Beijing November 18, 2009. REUTERS/Jason Lee. Image may be subject to copyright.

Quinnipiac University, which conducted a similar survey, put his approval rating at 48 percent.

Gallup cites poor state of the U.S. economy, millions of Americans out of work and other issues for Obama’s dismal performance.

“Americans are also concerned about the Obama administration’s reliance on government spending to solve the nation’s problems and the growing federal budget deficit,” Gallup said after they surveyed 1,533 people this week. The margin of error was 4 points.

“Democrat Obama became the fourth-fastest U.S. president since World War Two to drop below majority support in the Gallup poll, following Republican Gerald Ford, Democrat Bill Clinton and Republican Ronald Reagan.” Reuters reported.

“Nevertheless, in politics symbols matter and this is not a good symbol for the White House… Moreover, the percentage who approve of the way he is handling the economy has dropped from a split 47-46 percent approval in October to 52-43 percent disapproval today.” Peter Brown, assistant director of the Quinnipiac University Polling Institute, said.

America, the world, need leaders who care about people, not bow to power!

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Posted in concern for ordinary Americans, Hungry Americans, Leadership qualities, management skills, US unemployed, White House | Tagged: , , , , , , | 1 Comment »

More On Bank Bailouts, Toxic Assets

Posted by msrb on March 26, 2009

Back to square one [IF you’re lucky!]

MSRB Thought for the Day: If the government did this, and banks did the other …

Once the banks start lending, the ‘economy’ will be ‘strong’ again [sic.] Preventing the price of oil from racing past 3-digits is a mere technicality [sic.]

Geithner’s Plan is “Extremely Dangerous.” —Economist Galbraith

Misconception: “The trouble with the economy is that the banks aren’t lending”

Reality: “American consumers still have debt coming out of their ears, and they’ll be working it off for years.  House prices are still falling.  Retirement savings have been crushed.  Americans need to increase their savings rate from today’s 5% (a vast improvement from the 0% rate of two years ago) to the 10% long-term average.  Consumers don’t have room to take on more debt, even if the banks are willing to give it to them.”

See Part I of the interview here.

“Geithner, Obama Kowtowing to ‘Massively Corrupted’ Banks.” —James Galbraith

University of Texas professor James Galbraith, questions the sanity of toxic asset buyout by the government (people), and wonders why the ‘legitimate’ alternative,  FDIC receivership of insolvent banks, is not played out.

On why Obama administration is NOT pushing for FDIC receivership, Galbraith says:  “Political influence of big banks,” is dictating their plan.

See Part II of the interview here.

Geithner, Obama plan is technically unsound even by ”principles” of capitalism; it’s a socialist bailout of  capitalism, using other peoples’ money, and is bound to fail! —MSRB

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Posted in FDIC receivership, Massive Corruption, national debt, Other People's Money, University of Texas | Tagged: , , , , | Leave a Comment »