Public approval of President Obama's handling of the economy has fallen to a new low, according to Rasmussen Reports, which found only 31 percent of those surveyed approved of the chief executive's performance on the issue.
"A new Rasmussen Reports national telephone survey of Likely Voters show that just 31 percent rate Obama’s handling of economic issues as good or excellent. Forty-five percent say the president is doing a poor job handling these issues," Rasmussen said.
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Examiner Editorial
02/16/11 9:05 PM
"Blue smoke and mirrors" is a particularly apt phrase to describe the way Washington politicians in both major parties create annual budgets. "Rosy scenario" is another.
Call it what you will, healthy public policy cannot be based on fantasy foundations.
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With unemployment remaining above 9 percent and showing no signs of going down any time soon, there’s lots of talk in Washington about job creation. For President Barack Obama and congressional Democrats, unemployment is an opportunity for government “investment” in massive public works projects.
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Senate Minority Leader Mitch McConnell's Senate Republican Communications Center is pointing out a data point President Obama and congressional Democrats like Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi would rather not talk about - 2,837,000.
That's the number of jobs lost between February 2009 and December 2010, according to the Department of Labor's Current Employment Statistics Survey.
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President Obama's choice of prominent Chicago banker William Daley to serve as his new chief of staff signals a strong shift for the administration as the White House intensifies its efforts on the economy. Obama also is set to announce his new economic team Friday to coincide with the release of the first unemployment figures of the new year.
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Democrats based much of their 2010 midterm congressional election campaign on the risible claim that Republican candidates wanted to “outsource jobs.” Set aside the fact that this claim was as ineffective as it was ludicrous. More importantly, President Barack Obama’s carbon-control scheme, which begins next week, provides conclusive evidence that it was the Democrats who planned to do the outsourcing.
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Mickey Kaus makes a very interesting observation. It will be interesting to see if the Democratic party even tries to square the circle on this issue or just ignores it:
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A growing number of jobless San Franciscans are going from the unemployment line to the welfare line as they exhaust their benefits, city officials say.
While Congress is poised to extend unemployment benefits for millions of Americans, it won’t do much for those who have already exhausted their 99 weeks of unemployment insurance, the maximum amount of time that someone can collect unemployment checks.
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Back in February, Sen. Jim Bunning, R-Ky., blocked an extension of unemployment benefits. It wasn't that he opposed the benefits -- he explained that he would support them as long as Congress offset their cost by cutting elsewhere. But his explanation was lost on the media, which joined Democrats in vilifying him and mischaracterizing him as some sort of Grinch. He finally backed down.
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