President (Jimmy Carter) Obama was in Ohio yesterday, attempting to claim that his economic program is producing results. But the numbers show that the $862 billion stimulus package hasn’t improved the economy and the latest polls show Americans don’t agree with Obama’s sunny economic portrait.
Despite that stark reality, President Obama said yesterday, “We’re on the right track. The economy is getting stronger.” According to a new AP poll, Americans clearly don’t agree. Only 35% say we’re “heading in the right direction” and only 38% think the economy is in better shape than it was 18 months ago when the stimulus was passed. In fact, the AP writes, “President Barack Obama earned his lowest marks ever on his handling of the economy in a new Associated Press-GfK poll, which also found that an overwhelming majority of Americans now describe the nation’s financial outlook as poor. . . . Eleven weeks before the Nov. 2 balloting, just 41 percent of those surveyed approve of the president’s performance on the economy, down from 44 percent in April, while 56 percent disapprove. And 61 percent say the economy has gotten worse or stayed the same on Obama’s watch.”
That might be why Rep. Barney Frank (D-MA), chairman of the powerful House Financial Services Committee, told Fox Business last night that “[i]t was ‘dumb’ for President Obama and his aides to promise that unemployment would not surpass eight percent if the stimulus act passed,” according to The Hill. Frank said, “President Obama, whom I greatly admire…when the economic recovery bill — we’re supposed to call it the ‘recovery bill,’ not the ‘stimulus’ bill, that’s what the focus groups tell us — he predicted or his aides predicted at the time that if it passed, unemployment would get under eight percent. . . . That was a dumb thing to do.”
That might be why Rep. Barney Frank (D-MA), chairman of the powerful House Financial Services Committee, told Fox Business last night that “[i]t was ‘dumb’ for President Obama and his aides to promise that unemployment would not surpass eight percent if the stimulus act passed,” according to The Hill. Frank said, “President Obama, whom I greatly admire…when the economic recovery bill — we’re supposed to call it the ‘recovery bill,’ not the ‘stimulus’ bill, that’s what the focus groups tell us — he predicted or his aides predicted at the time that if it passed, unemployment would get under eight percent. . . . That was a dumb thing to do.”
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1 bud // Aug 19, 2010 at 9:48 am
Nice picture of Barney Frank’s right hand. As he endorsed Tommy Sowers yet?
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