Economy Stagnant

Discussion in 'Economy' started by Nova78, Jul 4, 2012.

  1. Nova78

    Nova78 Silver Member

    Dec 19, 2011
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    Obama's Approval in Freefall on Stagnant Economy

    Just 33 percent of Americans now believe the president is doing a “good” or “excellent” job when it comes to the economy, according to a Rasmussen poll.

    Gas prices are the political football of the world and they generally never mean anything,” said Towery. “What they’re concerned about is people don’t have any money in their pocket.”
    Voters do not have to look hard to see the signs of a worsening economy. Moody's Investors Service has lowered the credit ratings on some of the world's biggest banks, including Bank of America, JPMorgan Chase and Goldman Sachs, reflecting concern over their exposure to the violent swings in global financial markets.

    The downgrades lultimately are a measure of Moody's view on the ability of the banks to repay their debts. The ratings agency also cut its ratings on Barclays, Deutsche Bank, and HSBC, some of the largest banks in Europe, a region fighting to contain a government debt crisis.

    U.S. manufacturing grew at its slowest pace in 11 months in June and the number of Americans filing new applications for unemployment aid fell only slightly last week.

    With more than 8 percent out of work and an equal number under employed or discouraged workers, the American people are hurting and the fall in president Obama’s approval rating, vote share, and ratings on the economy reflect just that,” Schoen explained.

    Most Americans already believe that the United States is in a recession, observed Towery.

    “People don’t have any money in their pocket and they can’t borrow any money. They don’t qualify for loans,” he said. “The banks will only loan to people who have money in the first place and so we are basically at a complete stalemate in terms of our economy. There’s nothing that anyone can think of that will spur it to go forward.”

    Getting rid of that monster in office would be a start...........:eusa_clap::eusa_pray:




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