Obama hit under 50% approval rating for the first time today Nov. 20th

1. 70

   TimTurnerposted 14 years ago

   http://www.usatoday.com/communities/the … ostPopular
   
   Obama was at 60% approval in July but has slipped 11 points since over growing concerns on healthcare legislation, unemployment and the economy.
   
   It's about time people realize he hasn't done much in office.
   
   Wait till he announces troop increases to Afghanistan.  This number will go lower and the holiday season is going to be horrible for retailers.
   
   For some reason, everyone thinks the economy is getting better, including Wall Street.
   
   Obama and the rest of the world is in for a big surprise after the retail numbers come out after the holiday season.
   
   Obama, time to quit giving speeches and get some action going.
   
   Do you realize the debt started at $250 billion when Obama took office and is now at $1.2 trillion???  Way to go Obama!

   replyreport
2. STAFF

   Paul Edmondsonposted 14 years ago

   It may be getting worse for him as well.  A lot of money was pumped in to "stop the bleeding" and now that it's spent, there isn't a lot to keep things propped up. 
   
   An interesting comment I heard today was that most of the earnings growth of companies has been through cost cutting.  Now, there isn't a lot left to cut, so it's possible that we are about to see 5 to 10 percent decrease in the markets.
   
   If the markets fall a good amount, this will drag his approval rating down more.  But, the good news is he still has three years to right the ship.

   replyreport
   1. 70

      TimTurnerposted 14 years agoin reply to this

      The one good thing he did was the Cash for Clunkers program which caused an increase for the retail sector.  The bad news was there was no Plan B or Plan C to keep the numbers steady.
      
      And I have noticed all the companies doing well are because of cutting costs and labor.  What sucks is that these companies are getting more efficient with less workers so they WONT HIRE WORKERS BACK when things improve.  They won't have a need to

      replyreport
      1. 67

         ledefensetechposted 14 years agoin reply to this

         Oh, it gets much worse than that.  People, on average, keep their cars for about seven years.  All the Cash for Clunkers boondoggle did was cause more people to purchase today, what they would have done within the next seven years.  So you can expect auto sales to be less than they have been for quite some time.
         
         Then consider that many people bought cars that were worth tens of thousands of dollars.  The only got, what 4k for their trade in?  We already know Americans are being crushed by too much debt.  How many people who got new cards will default on them?  Remember we're at above 10% unemployment, the real number is probably 20%.  It ought to be good for repo men if nothing else.
         
         Finally consider that we didn't have the money just lying around for all of this.  How did Obama pay for all of this?  That's right, borrowing and printing money.  Now we have inflation to worry about.  So our paychecks will buy less and less over the next few years.  I imagine once this sinks in to the average American, Obama's approval rating will go far lower than 50%.

         replyreport
3. 64

   kmackey32posted 14 years ago

   Well he did approve an unemployment extension and without that my kids would be having a terrable christmas.

   replyreport
4. STAFF

   Paul Edmondsonposted 14 years ago

   I know a few people that are working because of the administrations programs as well.  My big fear is when it stops.

   replyreport
   1. 60

      tksenseiposted 14 years agoin reply to this

      And that's a big part of the problem.

      replyreport
5. 0

   sneakorocksolidposted 14 years ago

   We be in it now folks! Hang in there it probably will get rough!

   replyreport
6. 66

   Flightkeeperposted 14 years ago

   But how is this possible? He's the Great Community Organizer. He had those fake greek temple backgrounds to back him up

   replyreport
7. 59

   VENUGOPAL SIVAGNAposted 14 years ago

   Obama's approval rating in India also dropped to just 10%.
   
   He has retracted from the traditional American policy of preventing communism from spreading. He has pleaded for Chinese meddling in South Asian affairs to settle the disputes. The implications to his pleading is well known.. spreading of communism. 
   
   Another retraction is his acceptance of Tibet as part of China. He need not interfere in South Asian and in total, Asian affairs. People here are more matured and intelligent to settle problems. He should not draw a different line in century old policies of his government.

   replyreport