President Obama's Approval Rating On The Economy Is Down

[guido911]

And then there's this bit of fan-freakin-tastic good news:

U.S. bankruptcy filings have reached the highest level since 2005, government data released on Tuesday show, as the economy slows and the unemployment rate hovers just below double digits.

There were 422,061 bankruptcy filings between April and June, according to the Administrative Office of the U.S. Courts, up 9 percent from 388,148 in the prior three-month period, and up 11 percent from 381,073 a year earlier.

For the year ended June 30, there were 1.57 million bankruptcies, up 20 percent from 1.31 million a year earlier.

http://www.cnbc.com/id/38744090

[Townsend]

And then there's this bit of fan-freakin-tastic good news:

http://www.cnbc.com/id/38744090

There's the captain obvious situation.  Of course that was going to happen.  Remember?  The economy tanked.

People over-extended themselves.

These folks disapprove of the way the economy is going.

[Cats Cats Cats]

I've sent Obama a huge "thank you" card because it was obviously he and he alone that has turned around the market. Seriously, I do think the market condition has improved, but I cannot see how companies are going to be hiring any time soon.

Correct, unlike what republicans have spouted year after year.  Companies are making record profits, so do they a) keep doing what they are doing or b) figure that they better hire more people because they have more money.

[guido911]

There's the captain obvious situation.  Of course that was going to happen.  Remember?  The economy tanked.

People over-extended themselves.

These folks disapprove of the way the economy is going.

Why is it Captain Obvious? We have had TARP, auto bailouts, nearly $1T in stimulus, 2009 Omnibus, and on and on. We were told those would fix everything.

[Townsend]

Why is it Captain Obvious? We have had TARP, auto bailouts, nearly $1T in stimulus, 2009 Omnibus, and on and on. We were told those would fix everything.

By whom?  Who told us that?  Who said anything would fix everything?

[Hoss]

And how long did it take for us to get in this mess?  It sure won't take two years to get us out of it.

That's like saying putting a band-aid on someone's chest will cure their heart disease...sheesh.

[Cats Cats Cats]

And how long did it take for us to get in this mess?  It sure won't take two years to get us out of it.

That's like saying putting a band-aid on someone's chest will cure their heart disease...sheesh.

If fox news says it its true.  Did you hear this on fox news?  Because I am going to go buy some band aids!

[Townsend]

If fox news says it its true.  Did you hear this on fox news?  Because I am going to go buy some band aids!

I have water proof ones.  They also enable underwater breathing.  Thanks FOX, you're swell.

[Conan71]

Yeah, well from the time Bush took office to when he left the DJIA was -24%.  Obama is still up about 20-25% I believe.  You should have bought a lot of Ford stock.

Only a problem if someone was stupid enough to not sell at the high over 14,000.

[Hoss]

I have water proof ones.  They also enable underwater breathing.  Thanks FOX, you're swell.

I found me some of these:



Now they just need to make them waterproof..

[Conan71]

Correct, unlike what republicans have spouted year after year.  Companies are making record profits, so do they a) keep doing what they are doing or b) figure that they better hire more people because they have more money.

That defies economic logic: "Let's spend money on new employees because we have a bunch of cash and not enough people standing around."

Or are you implying they better hire more people or the government will tax them harder if they don't?  Companies are making "record profits" because they are operating at leaner sustainable levels at lower sales figures.

[nathanm]

Or are you implying they better hire more people or the government will tax them harder if they don't?  Companies are making "record profits" because they are operating at leaner sustainable levels at lower sales figures.

And you wonder why we have higher structural unemployment now. Short of forcing companies to hire, what do you expect Obama to do about unemployment? The fed has tools that could get things moving, but they're unwilling to use them, apparently.

[guido911]

That defies economic logic: "Let's spend money on new employees because we have a bunch of cash and not enough people standing around."

That's spot on. It is mind blowing to me when I read that companies are obligated to hand out jobs to people. 

[guido911]

By whom?  Who told us that?  Who said anything would fix everything?

As for the stimulus, did you forget that unemployment would not go over 8% if it were passed? Guess so.

[swake]

As for the stimulus, did you forget that unemployment would not go over 8% if it were passed? Guess so.

How about you document his saying that?