58% Of Americans Disapprove Of Obama Financial Crisis Policies

President Obama's approval ratings are at 66% according to the latest NYTimes CBS poll. However, 58% disapprove of his policies regarding the financial crisis

By contrast, a 47% plurality approve of aid to the auto industry while only 38% disapprove. I assume President Obama, Secretary Geithner and Obama economic advisor Lawrence Summers really believe their plan is the right thing to do. It is incumbent upon them to explain why they think so to the American People. I think it is a terrible plan. But it does not matter what I think. The Obama Administration owes the country some explanations for why so much more taxpayer money should go to the banks via the Geithner Plan. So far, the explanations have been quite unconvincing.

Speaking for me only

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    I don't (5.00 / 1) (#1)
    by Ga6thDem on Tue Apr 07, 2009 at 07:14:00 AM EST
    imagine there'll be any explanation.

    An explanation of what? (none / 0) (#2)
    by Militarytracy on Tue Apr 07, 2009 at 07:20:48 AM EST
    Of why (none / 0) (#4)
    by Ga6thDem on Tue Apr 07, 2009 at 07:39:30 AM EST
    we need this plan. The hows and whys of the plan.

    Now I get what you're saying (none / 0) (#11)
    by Militarytracy on Tue Apr 07, 2009 at 08:28:25 AM EST
    I'm a bit on the slow side this morning.

    Plan? What plan? (5.00 / 2) (#3)
    by oldpro on Tue Apr 07, 2009 at 07:39:22 AM EST
    There's an actual plan?  Written down and printed out with goals and benchmarks and all?

    Ewwwwww........benchmarks! (5.00 / 1) (#12)
    by Militarytracy on Tue Apr 07, 2009 at 08:30:11 AM EST
    You're calling for some sort of standard of measure here?  Why do you hate Obama?

    I don't hate anyone on (5.00 / 1) (#13)
    by oldpro on Tue Apr 07, 2009 at 08:46:25 AM EST
    a morning like this one...dawn breaking over the Cascades turning the snow-capped Olympics pink and gold as the light dances across the bay...back and forth as the sun sets fire to the western windows along the bay.

    A morning person desiring standards (5.00 / 1) (#17)
    by Militarytracy on Tue Apr 07, 2009 at 08:56:22 AM EST
    (cue the bluebirds) and you guys are sooooooooo happy doing hard things in the morning.  Every morning person should turn in a resume to the FDIC immediately.  They're going to be needing all of you pretty soon.

    That's just IT! I'm NOT a (5.00 / 2) (#19)
    by oldpro on Tue Apr 07, 2009 at 09:06:16 AM EST
    morning person and never have been...ever.  But newly odd sleeping patterns sometimes get me up at 4 or 5 these days...and now (at 7 on the left coast) I'm headed back to bed for another couple of hours of zzzzzzzzzzzs.  I hope.

    The lovely Cascades at dawn (5.00 / 1) (#21)
    by Cream City on Tue Apr 07, 2009 at 09:47:56 AM EST
    is a sight worth getting up to see, says this night person, too.  And isn't it nice to be able to go back to bed, knowing they'll still be there?  That there are some certainties in this life is some comfort, amid all the reasons in the news every morning to make us want to go back under the covers and never come out.  I'm waiting for spring to raise my spirits, because my gummint sure isn't doing it.

    and 70% (5.00 / 2) (#7)
    by Jlvngstn on Tue Apr 07, 2009 at 08:13:57 AM EST
    thought Saddam was connected to 9-11.

    And what does the polling say for americans and gay marriage support?

    When was the last time a poll created change?

    Hmmm...I'm thinking (none / 0) (#10)
    by oldpro on Tue Apr 07, 2009 at 08:28:24 AM EST
    that polls say that more Americans support gay marriage now than at any time in the past.

    Perhaps polls 'create change' in the sense that a steady improvement gives heart to the activists pressing for change of any sort.  The closer one gets to making it happen the more pressure for change increases.

    Not always, of course.  Politics rears its ugly head in the form of Republican smears, threats and endless lies.  Setbacks sometimes kill initiatives on one front (ERA) and give rise to other battles (ie. electing women to office).


    hmm (none / 0) (#14)
    by Jlvngstn on Tue Apr 07, 2009 at 08:52:27 AM EST
    Fifty-seven percent (57%) of voters nationwide favor a military response to eliminate North Korea's missile launching capability. Support for pushing out senior management of firms receiving bailouts has declined since the CEO of General Motors was actually forced out last week. FROM RASMUSSEN

    79% Support U.S. Troops on the Border to Fight Drug Violence - RASMUSSEN

    Also unchanged is the level of voter support for continued building of a fence along the Mexican border. Sixty-one percent (61%) say the United States should continue the fence, but 27% disagree  RASMUSSEN

    all sorts of polls that seem rather ridiculous.  We are going bankrupt as a result of the Iraq/Afghan wars and more than half of the Americans polled want to engage N. Korea?  

    If we are going to "use polls" than let's use them in a balanced manner.  


    all Polls stink (none / 0) (#15)
    by Big Tent Democrat on Tue Apr 07, 2009 at 08:55:22 AM EST
    but Ras polls, especially on issues, are a toxic waste dump.

    Rasmussen was o.k. on (none / 0) (#22)
    by oculus on Tue Apr 07, 2009 at 09:54:36 AM EST
    Presidential primaries and GE, or did I miss something?

    Hmmmm. Well, I don't know how (none / 0) (#18)
    by oldpro on Tue Apr 07, 2009 at 09:02:48 AM EST
    to do that (use polls in a "balanced manner.")

    I only know how to use them to point out where I think the public is smart because it agrees with me and stupid where it doesn't.

    And they say "you can't fix stupid."

    Of course, it doesn't matter anyway.  As you say, "all sorts of polls seem rather ridiculous."  Although I don't think you can say that Americans want to "engage" N. Korea...they only want to bomb it into non-proliferation.  Or something.


    lol (5.00 / 1) (#23)
    by Jlvngstn on Tue Apr 07, 2009 at 09:59:43 AM EST
    great response.  I find myself thinking any poll that agrees with my opinion is a great poll as well.

    I am just frustrated with all the talk around the issue and no action.  Bank lobbyists and the decision makers have made the decision and unless we take to the streets nothing will happen.

    Despite the record job loss and the largest wealth transfer in the history of these united states, there is virtually no movement to do something.  I put myself at the top of the heap for typing instead of knocking.


    I, too, feel frustrated (5.00 / 2) (#27)
    by oldpro on Tue Apr 07, 2009 at 01:56:11 PM EST
    re "all talk, no action."

    I do not think 'the streets' will be the answer anytime soon, nor giving up typing for knocking.

    I do think sitins at banks, wall street offices, buildings, etc. could get some attention, especially if organized by unions...

    I'm going to content myself with moving my bank business to a small local bank and the credit union...bye, bye, Bank of America...but I feel bad for the locals who work there.


    The small local banks and CU's will (5.00 / 2) (#28)
    by Inspector Gadget on Tue Apr 07, 2009 at 02:43:46 PM EST
    need additional staff when their business doubles because of people doing the same switch.

    I did it a few weeks ago, and my employer also went to a small local with his business accounts.


    Yes, that was my thought, too. (none / 0) (#32)
    by oldpro on Tue Apr 07, 2009 at 08:08:48 PM EST
    I gauge the accuracy of a poll (none / 0) (#24)
    by Inspector Gadget on Tue Apr 07, 2009 at 10:09:10 AM EST
    on whether or not it resembles what I know in my circle of friends, family and acquaintenances. When 67% of the population favors something, and I don't know even one person who does, I pretty much figure the questions were rigged for the outcome the pollster sought.

    As Entertainment Tonight goes (5.00 / 1) (#20)
    by TeresaInSnow2 on Tue Apr 07, 2009 at 09:36:36 AM EST
    ...so goes the nation.

    When ET stops covering Michelle's beautiful arms, then you know the sh*t is in the process of hitting the fan.

    Until then, it's like 9/11 all over again.  The main tenet of the head in the sand faction is: Propping up the president with your approval ensures your safety...in "terrah wars" and in economic meltdowns.  

    And Yet In Answer to Question 21 (none / 0) (#25)
    by daring grace on Tue Apr 07, 2009 at 12:00:27 PM EST
    of this poll, 29% have not heard enough about Mrs. Obama to form either a favorable or unfavorable opinion of her yet.

    That number combined with the 50% approval rating probably ensures many, many more Michelle-spotlighted moments in the media.


    Ugh. (none / 0) (#26)
    by jbindc on Tue Apr 07, 2009 at 12:32:10 PM EST
    She wanted to be "First Mom".  So why don't we let her?  I personally do NOT want to hear more about her.

    My Point (none / 0) (#29)
    by daring grace on Tue Apr 07, 2009 at 03:42:09 PM EST
    Apparently, there are a fair number of people who haven't been paying attention to all the coverage you and others find excessive.

    Myself, I sort of hear it peripherally as I read or watch news, but often just tune it out unless something especially catches my eye so I (for example) was unaware of the emphasis on the First Lady's exposed arms.

    She did say she wanted to be 'First Mom'. But she didn't say that was all she wanted to do with the role. She spoke of supporting military families and becoming more a part of the D.C. community too.

    And then there's the vegetable garden...maybe she and the girls will be out there weeding in coming months.


    I just saw a poll on MSNBC (none / 0) (#5)
    by BernieO on Tue Apr 07, 2009 at 07:46:36 AM EST
    showing a majority approve of his handling of the economy. I was half awake watching Morning Joe, but I thought that was what Mika said.

    Yes...56% overall economy (none / 0) (#6)
    by oldpro on Tue Apr 07, 2009 at 07:58:39 AM EST
    but not individual aspects...ie. the banks vs. the automakers.

    It's an interesting poll (check the link).  Most Americans don't know what the Hell to think and are worried about the economy.  A full 49% think the recession will last another two years...or more.


    49% are right (none / 0) (#8)
    by Slado on Tue Apr 07, 2009 at 08:18:08 AM EST
    This will last a while and nothing Obama does is going to stop it.

    He can only prolong it by using the same strategies that created the problem.

    See the http://www.absoluteastronomy.com/topics/Long_Depressionfor a worst case scenario.  Not as sever as the GD but longer.  Ironically enough that depression was started by the collapse of a major bank.


    And ended, some say, by (none / 0) (#9)
    by oldpro on Tue Apr 07, 2009 at 08:21:35 AM EST
    a world war.

    Finally pushed (5.00 / 1) (#33)
    by cal1942 on Wed Apr 08, 2009 at 12:34:27 AM EST
    government spending high enough to yield full employment at better wage rates.

    Republicans say that (none / 0) (#16)
    by DancingOpossum on Tue Apr 07, 2009 at 08:55:40 AM EST
    They say a lot of nonsense.

    Obamas Policies (none / 0) (#30)
    by mscharlee on Tue Apr 07, 2009 at 04:37:59 PM EST
    I do not approve of Obama's financial crisis policy and I have never been polled.  The polls are only valuable to someone who wants to use them to iniate their agenda.  I also think Biden needs to shut his mouth.  With the Obama's policies I believe this country is in serious trouble.  With the war, he is wrong to pull out so soon from Iraq and push "his" pet project of Afganistan. I feel more unsafe than I ever have.  I am sure I am not the only one.  I believe that America is in danger.

    Um (none / 0) (#31)
    by Socraticsilence on Tue Apr 07, 2009 at 05:18:13 PM EST
    about Afghan, I mean it sure is funny that the guy would want to reninforce and stabalize the nation from which 9-11 was actually planned and launched, crazy that.