Gallup shows Obama’s approval reaching an all-time low of 50 percent. And support for ObamaCare has disappeared. According to Rasmussen, 53 percent oppose, 43 percent approve. Other polls show a bleaker picture. Democrats, before the Kennedy funeral has even begun, are using his death to hawk ObamaCare and guilt wavering Democrats into getting on the bandwagon.
Other than displaying the poor taste we have grown accustomed to when liberal icons pass away, this seems a sign of desperation and silliness. Will independent voters rally to the cause of government-run health care because the liberals’ leader has passed away? Is Blanche Lincoln, who is facing a tough re-election bid, going to go to the floor to announce she’s changed her mind and will take one for Teddy on the “public option”? It seems far-fetched. That is not to say the arm-twisting won’t intensify and the speechifying get progressively more cloying.
But the problem for Obama is that only the far Left backs his vision of a top-to-bottom reworking of health care. Whatever one’s views on Kennedy and his legacy, voters and lawmakers (months from now, when this comes to a vote) aren’t likely to give up their deeply held beliefs or resolve their fears about rationing, deficits, and government meddling out of sympathy. Of all people, Kennedy knew that’s not the way politics works.
Obama could have become engaged in discussions with automakers and auto experts from the time he was elected. Many months and dollars later, he now wants them to hurry up to justify their continued existence. If they do deliver a plan, who does he have on staff to make sense of it and come to a decision?
Academics in charge, ————————- WORSE, LIBERAL academics in charge, ———————————————————- what could possibly go wrong?
I’m surprised our markets are even over 3,000 points.
Fundamental securities analysis tells us that the value of a stock is the discounted value of future earnings. Just about everything the Obama administration is doing – higher taxes, more regulation, pro-union efforts, carbon cap and trade – will depress future corporate profits. And the flood of new government borrowing will eventually put upward pressure on interest rates. Depressed corporate profits plus a higher interest/discount rate means lower stock prices.
It is not what something they say. The investors knows that government does not know what the hell they are doing.
At this rate the next election could be a referendum not just on O but on government per se, the likes of which we haven’t seen since Thatcher first won in the UK. I hope the GOP has a Reagan or a Gingrich equivalent by then so Ron Paul & Co. don’t reap the benefits on that day of rage.
Bankruptcy judges control Chapter 11 proceedings all the time, some of them quite successful. They don’t RUN the companies, any more than Geithner or Obama will run GM. Either a Debtor-in-Possession runs it, or the court appoints a trustee who knows something about business to do so.
The court just exercises supervision and rules on the plan of reorganization and rules on disputes.
Whether one calls it bankruptcy or fiddlefaddle, that’s what’s contemplated. Don’t get your knickers in such a twist. The bank bailout is much, much worse–true robbery of the next generation(s) for casino capitalists who have great influence over both parties.
Jen,you sound so chirpy when the market tanks,but so silent when it goes up. The market is not Red or Blue;it’s just looking for its daily bread.
Im not sure how much i like Obama picking the winners of which auto makers survive but i gotta admit i like the idea that we wont just sign blank checks to whoever gets big enough.
http://www.newsy.com/videos/obama_to_gm_ceo_step_aside/
RCAR, you’re right. And the government is taking over the production of that too. The market is starving right now, with little relief on the horizon.
Why guess blindly, Jennifer? It makes you look stupid. Any of the wire services can tell you why the markets fell today.
” NEW YORK, March 30 (Reuters) – U.S. stocks tumbled on Monday as two major U.S. automakers took a step closer to potential bankruptcy, and a spate of European bank rescues heightened concerns over the financial system’s health, putting the brakes on a recent run-up.”
See, here’s the thing about bankruptcy. It wipes out equity. Stocks go down. Risk of bankruptcy up=Stocks down. Easy, eh? The rest is Europe’s fault, not Obama’s.
Meanwhile, this is hilarious:
“Rep. Paul Ryan Concedes GOP Alternative Budget Would Increase The Deficit ‘A Lot’”
thinkprogress.org/2009/03/30/ryan-gop-budget/
Obama is the commander-in-chief and the ship is sinking.
Jonesy, you Democrats confuse me. 2 years ago, we were warned by the Democrats of an apocalypse because of President Bush’s deficit spending. Now, you support deficits as far as the eye can see. And when the GOP’s alternative budget also runs deficits you deride their plan.
So I’m confused – are you for or against deficits? Or are you against GOP deficits and for Democrat deficits? Are there some deficits that are good and some bad?
Trolls believe in Obama. Democrats running a personality cult.