Pollster: ‘I cannot remember a time when America was this despondent’
Barack Obama has led the nation into a “full-on depression,” according to a new poll that indicates only one in three people believes America is going in the right direction.
The results are from a telephone poll conducted for WND by the public-opinion research and media consulting company Wenzel Strategies. It was taken Jan. 9-12 and carries a margin of error of plus or minus 3.22 percentage points.
On the basic question, 34 percent said the nation is going the right direction, 60 percent said America is on the wrong track and 6 percent said they were unsure.
The 60 percent included an overwhelming 84 percent of Republicans, a strong 66 percent majority of independents and even 30 percent of the Democrats.
“The country is already in full-on depression, as just 34 percent said they think things in America are headed in the right direction. Even among Democrats, just 62 percent said they think things are headed in the right direction, an abysmal figure for the president’s own fellow party members.”
Only 45 percent of Americans believe the nation’s best days still are ahead. Fifty-five percent said they are long gone.
“I cannot remember a time when America was this despondent. Our survey shows 55 percent of American adults believe America’s best days are now behind us, while just 45 percent said they think the brightest days are still ahead,” said Wenzel.
“Here we are, four years into a recession, with Washington acting – and spending – like the economy is booming and everything is rosy. This shocking disconnect between Washington leaders and the American public has perhaps never been greater,” he said.
Caught on tape. Dear Leader in his own words.
Since Obama’s re-election: over 100,000 layoffs at more than 125 businesses (2012/11/17)
You can thank the stupid American voter who either voted for Obama, or didn’t turn out to vote for Mitt Romney in the recent election for the recent layoffs. Obama has made it quite clear that he want’s to destroy the economy, as have far left Marxist Democrat. They all want citizens to be dependent on the government for handouts, not on paychecks. Below is apartial list of over 100,000 jobs that have been lost since Obama’s re-election a week and a half ago. Again, this is only a partial list, it doesn’t even factor in nearly 18,000 jobs lost at Hostess. This is only the beginning. Once taxes go up (as we all know they will because Republicans will cave), this number will look small in comparison. Also in the list are several businesses that have closed since the election, and companies that have filed for bankruptcy since November 6th.
Layoffs Announced Since Election
Abbott Labs 700
Adventist Health 48
Airlines SAS 6000
American Cotton Growers 110
American Independence Museum 4
American Airlines 4400 + 800 leaving voluntarily
American Coal 54
Atlantic Lottery Corporation 16
Assc Milk Producers 130
Aveo Oncology 45
Bechtel Power Corp 277
Bigpoint Games 47
Boston Scientific 1200
Brake Parts LLC 75
Brattleboro Retreat 31
Bristol Myers 500
Career Education 900 + Closing 23 Campuses
Consol Energy in W.V. 145
Consumers are about to find out that the Affordable Care Act, widely known as Obamacare is not exactly affordable. The Wall Street Journal says Health-Insurance Sticker Shock is just around the corner.
Health-insurance premiums have been rising—and consumers will experience another series of price shocks later this year when some see their premiums skyrocket thanks to the Affordable Care Act, aka ObamaCare.
Graham Summers: The net effect of Fed’s bond buying is a disaster
Thanks to fears over government regulations, there’s a massive $1.46 trillion treasure chest sitting idly at the Fed, excess reserves from skittish US banks.
And it’s forecast to reach a startling $2.6 trillion in the next year.
This cash doesn’t do anything for the American economy, say leading analysts…
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The banks see it as an asset to be accessed to meet government regulations such as recapitalization programs, toxic asset purchases and global economic fears. as well as meeting the Fed’s raising of banks’ liquidity requirements and their risk parameters on lending.
While Washington wants to avoid another taxpayer bailout by having the needed funds available, critics see it as a poor use of capital.
“The resources are not going to where the market wants them but to where the government directs them, to where central bankers direct them,” scoffed Peter Schiff, chief executive of Euro Pacific Capital.
“If you think the Fed is doing the right thing,” he added, “then you believe in central government planning; you don’t believe that the free market has the right idea. You believe the Soviet Union had the right idea.”
Schiff expects the excess bank reserves at the Fed to balloon further. That’s because the Fed has promised to continue to buy bad securities from banks with taxpayer money, a binge of $85 billion a month…
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The net effect is a disaster, says Graham Summers, chief market strategist at Phoenix Capital Research.
“The Fed has overstepped its bounds,” he said. “You can’t live in an alleged democracy and have a governing body of monetary policy above any consequences of [its] actions…”..
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U.S. Shouldn’t Raise Debt Ceiling, James Grant Says
James Grant: The Fed Policy is a Disaster (MUST-WATCH)
James Grant, founder and editor of the broadly read Grant’s Interest Rate Observer, was the guest on Consuela Mack’s Wealthtrack show this week. In the interview, embedded below, Grant explains why he believes the Federal Reserve’s zero interest rate policy and massive purchases of U.S. Treasury and mortgage-backed bonds are dangerous to the economy.
In 2009, Mohamed El-Erian, CEO of PIMCO – the world’s biggest bond fund manager – coined the term “new normal” to describe the period of economic malaise the U.S. would experience in the wake of the biggest recession of a generation.
The “new normal” was characterized by below trend growth, high unemployment, and ultra-low interest rates as the U.S. suffered the economic consequences of the crisis.
On Thursday, El-Erian told CNBC that the “new normal” may soon be over.
He wasn’t quite ready to call the end of period, but he was getting close.
Bigger picture, a lot of analysts are now calling The Big Turn.
Even O’Reilly said Obamacare will be the death of the USA.