Romer: Obama Adminstration Helped Country Survive "Biggest Macro-Economic Shock" in its History

"Those numbers are virtually unchanged since Jan 20."

PRINCETON, NJ -- Americans' satisfaction with the state of the nation remains low -- at an average of 21% for the past week, including 20% in the most recent data, from March 1-3. But this measure has shown a slight but steady improvement from 14% in early February.

And

Gallup's attitudinal economic measures show little if any improvement since President Obama signed historic fiscal stimulus legislation on Feb. 17. The Consumer Mood and Consumer Spending measures declined slightly last week, while the Net New Hiring and Standard of Living measures improved slightly; Financial Worry was unchanged.

RCP Averages for Right/Wrong track

Jan 20th

22% Right Track
70% Wrong Track

Mar 9th

35% Right Track
56% Wrong Track.

----------------------------
Ryan C,

GALLUP #s

State of the nation - DISSATISFIED - 77%
Economic Conditions - POOR - 63%
Economic Outlook - GETTING WORSE - 78%

Those numbers are virtually unchanged since Jan 20.

Obama is perosnally popular, but has not done SQUAT to inspire the people or get people believing in his policies!

Klaus then said he almost could not believe how much the Americans trust the government and how much they mistrust the free market.
Czech President Vaclav Klaus, who lived for 48 years in communist Czech Republic, urged his U.S. counterpart Barack Obama not to endanger the market economy with measures against the financial crisis.

He also expressed surprise at the fact that Obama's draft budget for 2010 reckons with twice higher expenditures than revenues.

Klaus also rejected the opinion saying that the current economic crisis was caused by a market failure. Politicians and not the market are to blame for it, he pointed out.

Mike, that is one of the most disturbed, presumptuous, logic anemic analogies I've seen. Then at the end you call people ignorant morons. That's rich.

Most experts on the economy realize that the government cannot control it, but it certainly takes credit for it when its good, or passes it off to the previous administration when its bad. It's like a broken record. If people used a bit of logic, they would realize that our economy dwarfs the ability of our government to effect it. So when it grows or shrinks, it's easy to play it like a political football however one wants.

The real answer is that the economic engine is far more reactive to the prospects of the future and the mind of the consumer, both of which are information influences. Stimulus in it's self does very little to spur the economy, however the thought of stimulus has a far bigger impact. Its the thought and prospect of the banking industry surviving that will spur the economy, not government money pouring into the system.

Once you come to this realization, you'll look upon the silly proclamations of politicians with some perspective.

It's not all that hard to understand folks... So...You own the nicest home in the neighborhood, by far. Your going away for 8 years and your conservative friend, oh lets call him W, moves in with all his conservative GOP frat brothers. 8 years go by and when you come back home to take possession of what was the finest home in the neighborhood, you find that W and his GOP frat brothers have given anything of value to the wealthy neighbors across the street for a few cases of lone star beer. All the doors have been ripped of the hinges so there was no privacy in the home. The plumbing doesn't work because they did no maintenance, so now they just crap on the floors. They kicked holes in all the walls never took out the trash and let all your wonderful landscaping die.
Now as you dig in and start fixing the damage they did to your home, they stand out in the street and proclaim loudly to anyone who will listen to them that...”You are screwing this house up and that’s not how you fix things!”
And W's GOP frat brothers just can't believe the only ones listening are the frat brothers! Everyone else is wishing you well and knows that you will eventually get your home back in order because you've done it before. Amazing huh?
Great quote: "I didn't say that most conservatives are ignorant morons, what I said was, most ignorant morons are conservatives."
If a person is not capable of articulating a thought or understanding someone else’s thoughts, it's just easier to say,” Ditto!"

Yes - Oh Avuncular One - we need one leader and only one Oracle (of Omaha). We also need GE to bounce back and for Berk. A's and B's to double in value. Lady Liberty needs a new pair of shoes (not of Chinese Origins)...The US Navy needs better defensive fire hoses...

This oracle was telling everyone to buy stock at high valuations..I'm not so sure he knows what's going on..or he was just misleading the public.

No more republican economic terrorism!

Buffet's advice to the GOP: "I think the Republicans have an obligation to regard this as an economic war and realize you need one leader..."

Skip,

/-----
By far most Americans believe the story of the greedy Republicans who let the SEC deregulate the banking industry and did nothing about a huge housing bubble until it burst, ruining the economy.
-----/

I believe that Paulson, Cox and Bush need to go to jail -- right after we get our money back!

Yes, and because of Present Obama's occupation of the White House no big meteors have hit us, either.

What a crock.

Christina Romer is SUCH an inane tool. Orwell just did another roll-over in the grave. As did poor FDR.

The blind messiah leading the blind of
America blindly into a blinding light
of hope and change.......and MSNBC et.
al. blindly following and greasing
the skids. Take a peek, America. We
don't have to follow the lemmings'
march over the cliff. Blind ambition,
Chicago-style. That's the dish being
served.

Only something like 25% of Americans believe the turtle story.

By far most Americans believe the story of the greedy Republicans who let the SEC deregulate the banking industry and did nothing about a huge housing bubble until it burst, ruining the economy.

LEARN THE PARABLE OF THE POST TURTLE: Election Day 11/4/2008...the day of HOPE.....the Dow Jones Industrial Average closed at 9625......a dangerous drop from the high during the previous administration.......but the POST TURTLE could save us all.....HE could do better........and now less than two months after the POST TURTLE attained his lofty position....the DOW has sunk to almost 6500.....down over 3,000 points. THREE TRILLION in assets GONE since the POST TURTLE acquired his LOFTY POSITION.....and yet the purveyors of "change we can believe in" continue to worship the POST TURTLE. A record 31.8 million Americans receive food stamps at the latest count. That is an increase of 700,000 people in one month with the United States in recession. These are government figures. That's up $10 billion from 2008. So we have 31.8 million Americans on food stamps. But the POST TURTLE handlers perservere.........after all it was CHANGE WE CAN BELIEVE IN. The new government unemployment figure is out today, and it is 8.1%, over 600,000 jobs lost last month. "The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs." THE TIMES THEY ARE A CHANGING..........

What possesses right-wingers to repeat this stupid turtle story?

How about the story of the greedy anti-socialism fanatic that cried wolf.

SAD BUT TRUE....learn the parable of the "POST TURTLE"............

A midwestern farmer was driving home to his farm along a country road......he watched the long fence line along the side of the road....and then he saw a sight that caught his attention.......atop one of the fence posts was a turtle flailing its legs....stuck desperately atop the fence post. The farmer stopped to ponder the situation........he came to the following conclusions:

1) The poor turtle did not get up on that HIGH fence post by himself;

2) Someone (or some group) had to put the turtle up there;

3) The poor turtle had no clue of what to do while up there and no idea about how to get down.

Learn the parable.....pray for the poor turtle.

Regulations that pushed banks into bad loans?

Good one, there. Had me rolling on the floor with that.

"Please quit misquoting Warren Buffett out of context. It is cheap, wrong and he would not appreciate it."

Buffett Quotes;.............. "The message has to be very, very clear as to what government will be doing," Buffett said. "And I think we've had, and it's the nature of the political process somewhat, but we've had muddled messages and the American public does not know. They feel they don't know what's going on, and their reaction then is to absolutely pull back."

“I think the secret ballot’s pretty important in the country. You know, I’m against card check, to make a perfectly flat statement,”

"Obama and his incompetent administration continue to bash the economy driving confidence out of the stock market. The Dow reflects this."

And just the other day all the right-wingers were criticizing the administration's numbers for the next two years for being too optimistic.

None of Obama solutions deal with the underlying problems of the economy:

1.The useless regulations within Sarbanes Oxley.
2.The regulations that pushed banks into bad loans.
3.A lack of confidence in the free market system.

Obama's solutions have buried us in more debt, making the value of the dollar fall even further. Obama and his incompetent administration continue to bash the economy driving confidence out of the stock market. The Dow reflects this