”Recovery“ a Big Lie to Most Americans

Image by Ed Yourdon via Flickr

More than three-fourths of Massachusetts residents surveyed say the recession has not ended, a compelling sign that benefits of the 17-month economic recovery have yet to reach a vast number of households, according to a Suffolk University/Boston Globe poll.

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Although the recession officially ended in June 2009, the poll portrays Massachusetts families as struggling with layoffs, uncertainty, and diminished circumstances. Many said they are spending less, saving less, and expecting to work longer before they retire. The reason most frequently given: “No money.’’

And they don’t expect conditions to get better any time soon. More than half said the recession would last at least another two years. More than 60 percent said neither the re-election of Governor Deval Patrick nor the Republican ascendancy in Congress would help the economy.
Boston.com

Related articles

• Poll: Mass. residents not feeling recovery (boston.com)
• Patrick Keeps Lead in Massachusetts (politicalwire.com)
• Brian Schaffner: Massachusetts Exit Poll: Deval Patrick Owes His Reelection to Women (huffingtonpost.com)
• Patrick Still Leads in Massachusetts (politicalwire.com)
• Deval Patrick Defeats Charles Baker To Win Reelection (huffingtonpost.com)
• Holiday spending surge is unlikely, poll suggests (boston.com)
• Mass. unemployment rate drops to 8.1 percent (boston.com)
• Jon Keller: Deval Patrick's Charm Offensive (online.wsj.com)

Americans side with Republicans on 6 of top 10 issues; tied on abortion—Rasmussen Poll

Issue	Democrats	Republicans
Health Care	47%	37%
Education	44%	37%
Social Security	43%	37%
Abortion	41%	41%
Economy	39%	45%
Taxes	39%	44%
Iraq	37%	45%
Nat'l Security	36%	51%
Gov't Ethics	29%	35%
Immigration	29%	43%

Just about half a year ago during the presidential election, the Republicans had the lead in 0 or 1 of these issues, depending on the week the poll was taken. So this shows a tremendous amount of progress by the GOP.

36 Month Obama Depression?

Will he still be claiming he inherited this 3 years from now?

Georgia Voters: Obama Depression Likely to Increase Crime

Eighty-four percent (84%) of Georgia voters say it is at least somewhat likely that increased crime in their communities is due to the poor economy. Fifty-nine percent (59%) say it is Very Likely in a new Rasmussen Reports telephone survey in the state.

Just 10% say it’s not very likely the increase in crime is related to the economy, and two percent (2%) say it’s not likely at all. Five percent (5%) aren’t sure.

—Rasmussen Reports

Only 28% Think Country Headed in Right Direction

Is the U.S. heading in the right direction or have we gotten off on the wrong track?
Right Direction	28%
Wrong Track	64%

Reuters: Market Reacts to Obama With Record Post-Election Plunge

The following table shows the percentage rise or decline in the
Dow Jones industrial average .DJI, Standard & Poor's 500 index
.SPX and Nasdaq composite index .IXIC on the day after a U.S
presidential election and who won the Election Day vote.

Year   Dow    S&P    Nasdaq  President elect
2008  -5.05  -5.27   -5.53   Barack Obama
2004  +1.01  +1.12   +0.98   George W. Bush
2000  -0.41  -1.58   -5.39   No decision: G.W. Bush v Al Gore*
1996  +1.59  +1.46   +1.34   William Clinton
1992  -0.91  -0.67   +0.16   William Clinton
1988  -0.43  -0.66   -0.29   George H. W. Bush
1984  -0.88  -0.73   -0.32   Ronald Reagan
1980  +1.70  +1.77   +1.49   Ronald Reagan
1976  -0.99  -1.14   -1.12   James Carter
1972  -0.11  -0.55   -0.39   Richard Nixon
1968  +0.34  +0.16    ---    Richard Nixon
1964  -0.19  -0.05    ---    Lyndon Johnson
1960  +0.77  +0.44    ---    John Kennedy
1956  -0.85  -1.03    ---    Dwight Eisenhower
1952  +0.40  +0.28    ---    Dwight Eisenhower
1948  -3.85  -4.15    ---    Harry Truman
1944  -0.27   0.00    ---    Franklin Roosevelt
1940  -2.39  -3.14    ---    Franklin Roosevelt
1936  +2.26  +1.40    ---    Franklin Roosevelt
1932  -4.51  -2.67    ---    Franklin Roosevelt
1928  +1.20  +1.77    ---    Herbert Hoover
1924  +1.17   ---     ---    Calvin Coolidge
1920  -0.57   ---     ---    Warren Harding
1916  -0.35   ---     ---    Woodrow Wilson
1912  +1.83   ---     ---    Woodrow Wilson
1908  +2.38   ---     ---    William Taft
1904  +1.30   ---     ---    Theodore Roosevelt
1900  +3.33   ---     ---    William McKinley
1896  +4.54   ---     ---    William McKinley
* George W. Bush ultimately was determined the winner of the 2000
election.
Source: Reuters EcoWin

McCain Letter in 2006 Demanded Action on Freddie Mac & Fannie Mae

McCain's letter -- signed by nineteen other senators -- said that it was "...vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]...operate in a safe and sound manner.[and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either...should fail."

Sen. Obama did not sign the letter, nor did any other Democrat.
Human Events

Job Creators Prefer McCain Over Obama, 4 to 1

Chief Executive magazine’s most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive’s most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country.
Chief Executive

Latest Harry Reid Blunder Causes Insurance Stocks to Plummet

"We don't have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company. A major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about."
CNN

Since the irresponsible Senator Reid would not name names, the entire industry took a beating today.

McCain Statement on Economic Crisis

'Enough is Enough' Ad: McCain Attacks Wall Steet Crooks

Here's a giant load of recent McCain ads. One stop shopping. Enjoy!

Where Does Obama Get his Bad Economic Advice?

Poll Shows What Americans Think About Drilling

Should Members of Congress return to Washington immediately and vote on offshore drilling?
Yes	61%
No	30%
Not Sure	10%

Source: Rasmussen Reports

British Blame Government for High Oil Prices

Which of the following do you think is primarily responsible for the current high price of fuel? (Two answers allowed)

The government	45%
Oil producing countries	22%
Oil companies	20%
Stock market traders	11%
Consumers	2%
Petrol stations	1%
None of these	2%
Don’t know	4%

Source: ICM Research
Methodology: Telephone interviews with 1,021 British voters, conducted on Jul. 23 and Jul. 24, 2008. No margin of error was provided.

Another Good McCain Ad, This One Called 'Broken'

Economists Say McCain Better for Stock Market

The U.S. stock market would fare better in the first year after a victory by Republican presidential candidate John McCain than by his Democratic rival Barack Obama, according to a majority of economists at U.S. banks and research groups polled by Reuters.
—Yahoo! News

Dale Sweetland Pushing for Release of Oil Reserves

ONONDAGA COUNTY, N.Y. -- The republican candidate for Congress in the 25th district wants Washington to release oil from the nation's strategic reserves.

Dale Sweetland says releasing a third of the reserve would drop oil prices by as much as $50 a barrel, bringing a substantial cut in gas prices. He also wants a go ahead for new domestic oil drilling. Those steps, he says, would give consumers and the economy breathing room to work on new energy sources.
—News 10

Americans Believe Media Makes Economy Look Worse Than it Is

Only a quarter (25%) think reporters and media outlets present an accurate picture of the economy and 18% believe they actually portray it as better than it is. Just 34% trust reporters more when it comes to news on the economy, and 32% see stockbrokers as more reliable.
—Rasmussen Reports

Democrat Congress Wants to RAISE Gas Tax by 10 Cents

Now, lawmakers quietly are talking about raising fuel taxes by a dime from the current 18.4 cents a gallon on gasoline and 24.3 cents on diesel fuel.

With gas prices setting records daily, Republican presidential hopeful John McCain and former Democratic candidate Hillary Rodham Clinton called for a 90-day suspension of the federal fuel tax to give drivers a little relief at the pump. The fuel taxes go into the Highway Trust Fund, which is used for road construction and repair and mass transit.
—Fox News

Experts See McCain as Best Hope for Economy

"My personal opinion is I would argue that McCain is probably the better candidate for the economy and that is more or less because of his tax policies," James Caron, head of global rates research at investment bank Morgan Stanley in New York, said at the Reuters Summit this week.

"In this environment that we're in right now, the last thing you want to have is higher taxes and taking money out of the consumers' pockets," he added.

David Bianco, chief U.S. strategist at UBS Investment Research, told the summit that Wall Street would welcome McCain with open arms. "My view is that McCain is better for the market," Bianco said.

"The market will respond to McCain corporate tax cuts," said participant Alan Ruskin, chief international strategist at RBS Greenwich Capital in Greenwich, Connecticut.

—Reuters