RWNJ Conservative Views from Cincinnati

The Wall Street Journal is reporting that confidence in Obama is rapidly dropping. Obama’s numbers have now dropped to the point that they are lower than President Bush in this point in 2001. His net approval rating was as low as +6% this week according to Rasmussen. The article points out multiple signs of trouble in the polling data:

• A third strongly disapprove of Obama’s performance.
• Obama has lost nearly all Republican support and a large portion of Independant support.
• Support is dropping more rapidly than other Presidents of the 20th and 21st centuries.
• 83% are concerned Obama’s policies will not improve the economy.
• 82% are worried about the growing deficit.
• 78% are concerned about inflation.
• 69% are worried about Government’s increasing role in the economy.
• Less should have been spent on the stimulus according to a 3-to-1 margin.
• Obama’s budget is opposed by a 46% to 41% margin.
• Voters reject Pelosi’s idea of a second stimulus by a 2-to-1 margin.
• The feeling is that the mortgage bailout will unfairly benefit the irresponsible by 48% to 36%.
• 45% do not have confidence in the direction Obama is taking.
• Less than half suport increasing taxes for expanded health-insurance (17% less support than 1993).
• Only 20% support the most recent bank bailout.

6 comments, join the conversation

Posted under Economy

The Cincinnati Tea Party is only 6 days away and I thought I’d give a few updates.

• Over 4000 people have registered to attend (as of Sunday night)
   
• The speaker list has grown as well:
  Cincinnati Tea Party Founder Mike Wilson
  Former Congressman Steve Chabot
  Cincinnati City Councilman Chris Monzel
  Hamilton Township Trustee Michael Munoz
  Small Business Owner Harald Zieger
  Secretary – UC College Republicans David Watkins
  Concerned Taxpayer Théa Shoemake
  Financial Planner Tom O’Brien
  Media Consultant Mike Brenner
   
• Those looking for parking, it is available directly underneath Fountain Square via entry from Vine Street and Walnut Street.
• An official flyer is available for posting or handing out to friends. 

Let’s hope for a big turnout and have our voices heard. Hope to see many of you there!

No comments, add your thoughts here

Posted under Economy

I found this followup from Jim Cramer (on his “Mad Money” show) regarding his comments that Obama is presiding over the “greatest wealth destruction by a President.” Cramer came out punching, making comments such as “Obama’s the one who knocked the whole darn thing down” and that Obama “might have some inside information that he’s done enough damage for now.”  He even threw a shot mentioning “President Pelosi” when talking about the class warfare strategy that is in play.

This is typical Jim Cramer, full of enthusiasm and passion. If the White House wants another battle front (beyond Limbaugh), they’ve got a willing combatant in Cramer.

Cramer also has a written response available here.

2 comments, join the conversation

Posted under Economy

In an interview with Matt Lauer on NBC, CNBC Analyst Jim Cramer (who, I should point out, is not a Conservative) regarded Obama’s policies as an advancement of a “radical agenda” and pointed out that this was the “greatest wealth destruction by a President” that he’s seen.  

Obama has shrugged off the steep decline in the stock market. He said, “What I am looking for is not the day-to-day gyrations of the stock market … but the long-term.” Apparently, he has missed the continued stock market slide (25% reduction since he was elected). He also stated, “The stock market is sort of like a tracking poll.” The Wall Street “poll” is speaking volumes on its opinion of the way the economy is heading. Given that the economy usually lags the market by 6 months, our economic future does look grim.

Perhaps we should move away from the agenda of restributing wealth, hiking taxes, and burying ourselves in even more debt. We need to do what is right for the economy. That includes business-friendly policies, lower taxes for all economic classes, and long-term job promotion. This new administration has had the opportunity to implement these types of policies, but instead has moved from one set of bad policies to another. In the end, it is the country that pays for this mistake.

9 comments, join the conversation

Posted under Economy

The Wall Street Journal posted an opinion article today pointing out that President Obama is implementing policies that are slowing down, or even stopping, our recovery from this recession.  After falling 4.24% yesterday, the Dow is now down over 25% since Obama was elected, its lowest level since 1997.  The new administration’s policies of punishing business and rewarding failure is clearly having a detrimental effect.

The average length of a recession during the past fifty years is 11 months. The current recession has existed now for 15 months. Instead of focusing on promoting growth, Obama has focused on income transfers (tax credits to those who don’t pay taxes, mortgage bailout, etc). Now, there is even mention of reforming healthcare. While I can agree with Obama’s statement “There are times when you can afford to decorate your house, then there are times when you need to refocus on building its foundation,” I cannot understand why his actions are in direct opposition.

When the recovery occurs, it will not be because of Obama’s policies… it will be in spite of them. The market showed its opinion of the President’s proposed budget plan when it took a nose dive. It unfortunately seems that every time the administration mentions an action the market drops even further. Just today Orszag defended raising taxes in the middle of the recession. As those who make hiring decisions have less money, less people are hired. It is a fantastic way to stagnate the economy further.

2 comments, join the conversation

Posted under Economy