QUOTE

TPM has been reporting for weeks about the effect of the debt debate on individual political leaders and the subsequently low ratings of Congress. But new data from a CNN poll shows that there's been a difference in the minds of many Americans: the Democratic Party is getting a split on approval/disapproval at 47 - 47, but the Republican Party disapproval rating is all the way up to 59%, against a 33% approval.

The GOP approval rating has been going down in the CNN poll since their 2010 victories: in the October 27-30 version, the Republican Party had a small plurality in approval, at 44 - 43. But since last fall's election they've seen a steady downward trend in the survey, to the current low, which is the highest disapproval rating in the CNN poll in the last twenty years.

The Tea Party itself actually has a lower disapproval rating at 51% than the Republican Party, and only a slightly lower approval rating at 31%.

http://tpmdc.talkingpointsmemo.com/2011...ade.php

QUOTE

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.

(alcitizens @ Aug. 10 2011,7:17 pm)

QUOTE

You are so full of crap.. The Downgrade was caused by radical Republican Teabaggers.. Read it and Weep ^..

Obama inherited Crap.. Thank you for your support..  

(Common Citizen @ Aug. 10 2011,8:59 pm)

QUOTE

If you believe that then you have to believe Nobama has done squat about it.

Nuff said...

QUOTE

11/3/2008
The government this time has been active in trying to prevent an economic meltdown, precisely because officials worried about another Great Depression. Explaining why President Bush backed the bailout, spokeswoman Dana Perino said: "It was when Ben Bernanke and Treasury Secretary Henry Paulson came to him and said we could be facing something worse than the Great Depression if we don't act, that the president realized that he had to put aside his instincts and focus on what he could do as president of the United States to help save this economy — not to help save Wall Street, not to help save any individual economy, but to help individual Americans all across the country of all economic stripes." The $700 billion bailout bill, and the fiscal stimulus checks that went out early this year, although controversial, show that the government is willing to intervene in the financial system to keep it afloat.
http://www.usatoday.com/money...n_N.htm