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Tuesday, July 28, 2009
6:45 PM TweetThis
  • If the alarming decline in presidental approval ratings is a proxy for consumer and business confidence, things may not stay up too much longer, James Kostohryz writes. "All of this signals future political polarization, gridlock, and a souring social mood. Most importantly, it's signaling an erosion of confidence in the government’s ability to lead the nation out of its current economic crisis."
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This news story has 13 comments:

  •  
    Political GRIDLOCK is a huge positive for the stock market.

    The less damage Comrade Obama can do the better it is for America.
    Jul 28 07:07 PM | Link | Reply
  •  
    Right, because we certainly wouldn't want to screw up the bed of roses we have now!


    On Jul 28 07:07 PM Paul Price wrote:

    > Political GRIDLOCK is a huge positive for the stock market.
    >
    > The less damage Comrade Obama can do the better it is for America.
    Jul 28 07:10 PM | Link | Reply
  •  
    Once we stop this insanity, the only direction available is up. Too bad we won't see it for a couple of years.
    Jul 28 07:13 PM | Link | Reply
  •  
    I dont find Obama's decline in popularity to be "alarming" at all. It is merely a reflection of his incredibly poor economic and foreign policies. His popularity is certainly NOT a proxy for consumer and business confidence. My confidence as a consumer is going up , as I see his trillion dollar tax and spend schemes being stopped by Democratic Congressmen and Senators. Thank you , Blue Dog Democrats !!
    And businesses are certainly not in Obama's straits, unless of course they are socialistic in nature, and feel that it is just fine to run up enormous deficits ( Maybe GM ???). And he is in NO way able to lead us out of a recession by spending trillions more on government programs. That will prolong the recession !!
    Jul 28 07:46 PM | Link | Reply
  •  
    This writer makes a good point: bad policies make for bad consumer confidence.
    Jul 28 07:56 PM | Link | Reply
  •  
    He doesn't have time to focus on the economy or the fact that Isreal is trying to strong arm the US into setting a deadline on Iran, and Iran has an aresnal pointed at the Saudi oil field and can take 6 million barrel offline within 30 minutes...he is having some friends over for some brewskis.

    I'm buying oils.
    Jul 28 07:56 PM | Link | Reply
  •  
    To Neil459 -

    I have no medical post-nominal letters after my name such as MD FACP but I could tell you from my life's experience that insanity knows no bounds, and that there is no known cure for it.

    So "...a couple of years..." would seem to me to be somewhat overly optimistic.

    TK

    On Jul 28 07:13 PM Neil459 wrote:

    > Once we stop this insanity, the only direction available is up.
    > Too bad we won't see it for a couple of years.
    Jul 28 08:05 PM | Link | Reply
  •  
    Graham -

    Recht auf, good stuff!

    TK

    On Jul 28 07:56 PM Graham and Dodd Investor wrote:

    > This writer makes a good point: bad policies make for bad consumer
    > confidence.
    Jul 28 08:09 PM | Link | Reply
  •  
    Obama isn't in sync with the traditional resilience and "can-do" attitude of the US people, so its time to start viewing this as a one term Presidency, and start looking for viable alternatives.
    Jul 28 08:49 PM | Link | Reply
  •  
    These polls are reflecting one thing: UNEMPLOYMENT.

    Unfortunately for the incumbent that is the last thing to improve in an economic cycle.
    Jul 28 08:50 PM | Link | Reply
  •  
    How fickle the mob is.
    Jul 28 08:59 PM | Link | Reply
  •  
    The "alarming decline" of Obama's ratings.....

    Who is alarmed ? The slobbering media with the thrill running up their legs ?

    Here is what is really, truly alarming about the report...

    "...43% have confidence in the stability of the banking system."

    What are those 43% smoking ?
    Jul 28 09:42 PM | Link | Reply
  •  
    The premise that confidence in government's ability to run roughshod over the economy and private sector is a prerequsite for business and consumer confidence and an rising staock market is a novel concept, indeed. You mean, like the burgeoning confidence in and approval for George Bush that the country demonstrated during the market's four-year bull, 2003-2007?

    Rather hilarious.
    Jul 28 10:48 PM | Link | Reply
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