• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Americans' pessimism on economy growing, poll shows

Help Support Ranchers.net:

hypocritexposer

Well-known member
Joined
Apr 12, 2008
Messages
24,216
Reaction score
0
Location
real world
obama's campaign and those that carry water for him, like OT, will do anything in their powerr to change the subject.

Romney bullied a gay guy, that no one knew was gay. Romney putt his dog on the top of a car. The Republicans hate women, latinos and all other people and want you to drink dirty water and eat pink slime.

:roll: :lol:

WASHINGTON — Americans are growing more pessimistic about the economy and handling it remains President Barack Obama's weak spot and biggest challenge in his bid for a second term, according to a new Associated Press-GfK poll.

And the gloomier outlook extends across party lines, including a steep decline in the share of Democrats who call the economy "good," down from 48 percent in February to just 31 percent now.

Almost two-thirds of Americans — 65 percent — disapprove of Obama's handling of gas prices, up from 58 percent in February. Nearly half, 44 percent, "strongly disapprove." And just 30 percent said they approve, down from 39 percent in February.

These findings come despite a steady decline in gas prices in recent weeks after a surge earlier in the year. The national average for a gallon of gasoline stood at $3.75, down from a 2012 peak of $3.94 on April 1.

U.S. presidents have limited ability to affect gas prices, which are determined in international markets. However, the party out of power always blames whoever is president at the time for high gas prices, as Republican Mitt Romney is doing now and as Democrat Obama did in 2008 when George W. Bush sat in the Oval Office.

Of all the issues covered by the poll, Obama's ratings on gas prices were his worst.

The public's views tilt negative on his handling of the overall economy, 52 percent disapprove while 46 percent approve. In February, Americans were about evenly divided on his handling of the issue.

The economy is the No. 1 issue in the presidential race, thanks to the deepest economic downturn since the Great Depression and one of the shallowest-ever recoveries.

While the recession officially ended in summer 2009, unemployment remains stubbornly high, at 8.1 percent in April. Some 12.5 million Americans are out of work.

The increasing skepticism toward the recovery tracks a weakening overall economy as measured by the gross domestic product, and matches economic growth downgrades by many economic forecasters.

Against this background, the weak economy looms as a huge liability for Obama, and any drop in public confidence in his ability to deal with it can threaten his re-election prospects. Although Obama held broad advantages over Romney on handling social issues and protecting the country, when it came to the economy about the same percentage said they trust Romney to handle it as trust Obama.

http://today.msnbc.msn.com/id/47385886/ns/business-stocks_and_economy/#.T63z8MU7_IV
 

Steve

Well-known member
Joined
Feb 13, 2005
Messages
16,547
Reaction score
0
Location
Wildwood New Jersey
SEC Investigation

The U.S. Securities and Exchange Commission opened a preliminary investigation into JPMorgan’s disclosures related to the trades, according to a person briefed on the probe who spoke on condition of anonymity because the matter isn’t public.

The U.K.’s Financial Services Authority, which regulates banks, is examining the role London employees played in the loss, according to two people familiar with the talks.

Multiple Traders

The $2 billion loss occurred in London under multiple traders, according to an executive at the bank, who spoke on the condition of anonymity.

As the position deteriorated rapidly, the bank gathered internal analysts and examiners to investigate, and Dimon grew more distressed by the day, the executive said.

While no one has been fired yet,

“A $2 billion loss suggests a position of considerable size,” Das said. “I think you remember LTCM and a few other people like Amaranth that have had the exact same problem and have learned it’s a bit like hell -- easy to get into, not so easy to get out of.”

with the 'SEC on coffee break",.. the losses mount...
 

Steve

Well-known member
Joined
Feb 13, 2005
Messages
16,547
Reaction score
0
Location
Wildwood New Jersey
Sony loses record $5.7 billion

(CNN) -- Sony Corp. lost a record $5.7 billion in the fiscal year ending in March, the company announced today

it was the fourth straight year the company finished the year with a loss. Sony is not the only Japanese electronics giant struggling: On Friday, Panasonic Corp. is expected to announce nearly $10 billion in annual losses,

Both Sony and Panasonic have announced restructuring plans and have new leaders running the company. New CEO Kazuo Hirai took the helm on April 1 and promised last month to cut 10,000 jobs -- about 6% of its workforce --

when companies that rely heavily on disposable income fail year after year.. the economy is not recovering...
 

Latest posts

Top