American people don’t blame Obama’s policies for stock market drop.
American people don’t blame Obama’s policies for stock market drop.
On the Today Show yesterday, CNBC’s Jim Cramer caused a lot of buzz when he declared that President Obama’s policies have resulted in “the most, greatest wealth destruction I’ve seen by a president.” But in a new NBC News/WSJ poll, the vast majority of respondents said that Obama shouldn’t be blamed for the economy’s problems. In fact, 66 percent said it would be at least a year until Obama’s policies “are mostly responsible for the country’s economic conditions”:
17a. When you think about the current economic conditions, do you feel that this is a situation that Barack Obama has inherited or is this a situation his policies are mostly responsible for?
(ASK ONLY OF RESPONDENTS WHO SAY INHERITED IN Q.17a.)17b. And how much time would you say that Barack Obama has before his policies are mostly responsible for the country’s economic conditions?
Situation Obama Inherited…………………………………………….. 84 [224-225]
Responsible in less than six months ……………………………….. 2
Responsible in six months to one year ……………………………. 13
Responsible in one to two years …………………………………….. 25
Responsible in two to three years …………………………………… 18
Responsible in more than three years …………………………….. 23
Not sure when responsible …………………………………………….. 3Situation Obama’s Policies Mostly Responsible For …….. 8
Some of both (VOL) …………………………………………………….. 6
Not sure ……………………………………………………………………… 2
A common conservative attack on President Obama these days is to claim that he is directly responsible for all drops in the stock market. Clearly, the American people don’t agree.
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That is just silly to even imply that Obama has ANYTHING to do with any economic indicator just 2 months into his presidency when virtually NONE of his policies have taken root.
Click HERE to see the Google finance report on the stock market LAST YEAR under Bush
March 4th, 2009 at 10:52 amNBC/MSNBC/CNBC, barely half a notch above Faux Snooze, BARELY.
March 4th, 2009 at 10:52 amRethuglic party shills.
This whole stock market decline started Jan 20th so republicans have no hand in it. This goes along well with the green cheese rumor and that beer pong causes herpes thing
March 4th, 2009 at 10:52 amAmerican people don’t blame Obama’s policies for stock market drop.
That’s because the American people in general aren’t as stupid as Republicans in particular.
March 4th, 2009 at 10:54 amOnce again, for the alpha-numerically challenged:
The slide in the stock market actually began mid-May of 2008.
March 4th, 2009 at 10:55 amhttp://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djia&sid=1643
Konchster – The stock market decline is part of the global recession and started early 2008. Have look here.
March 4th, 2009 at 10:56 amWOW!!
Good job Obama admin, you guys are getting the word out and getting more message discipline worked into message…
I’m startin to like this guy and his admin more and more…
March 4th, 2009 at 10:56 amSince so many of Obama’s economic policies have either not begun yet or have just begun in recent days, it’s hard to reckon with the thinking of those who want to blame him for the dismal economy.
Republicans are only too quick to re-write history when it comes to blaming themselves and their disastrous rule of Congress (even when they lost the majority in 2006, they still managed to stymie nearly all Democratic proposals and legislation) and their quick finger-pointing at Obama shows how desperate they are.
Most people who think rationally will want to give the new administration a fair time period to begin to turn things around – but we must remember that republicans do not usually think rationally, governed as they are by personal wealth, religion and authoritarianism.
March 4th, 2009 at 10:58 amWhat is up with the 23% that will think him responsible in more than 3 years? More than 3? That percent seems really high to me – that is three years of governance and budget passing but he still wouldn’t be responsible? I wonder what percent would have given him a pass for more than 4…
March 4th, 2009 at 10:59 amkonchter
March 4th, 2009 at 11:00 amI think you must have watched Colbert last night on the beer-pong-herpes — that guy is hilarious!
But Faux Noise bought it, didn’t they.
The corporate community is trying to distort and subdue populist notions and a populist president.
It tends to weaken their control and promote independence of their grip on behavior modification and inculcation.
The corporations are declaring war. On us.
March 4th, 2009 at 11:02 amkeltoi
March 4th, 2009 at 11:02 amWhat’s up with the 23% who think Bush was a great president?
If you waych MSM, Cramer and Santelli ie., you would think this is all Obamas fault, nothing could be further from the truth and Americans know that. Watching dudes who are making gizzions, blame the unwashed masses is only pissing off more average Americans. How many Americans have money to invest? That’s what I like to know.
March 4th, 2009 at 11:04 amKeltoi Says:
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What is up with the 23% that will think him responsible in more than 3 years? More than 3? That percent seems really high to me – that is three years of governance and budget passing but he still wouldn’t be responsible? I wonder what percent would have given him a pass for more than 4…
March 4th, 2009 at 10:59 am
Morons like yourself gave Chimpy a pass for 8 ………..
March 4th, 2009 at 11:06 ammarie, great president or the greatest president?
Colbert rocks!
PEACE
March 4th, 2009 at 11:06 amHow many Americans have money to spend on anything? People are worried about keeping their jobs and homes. People aren’t spending money right now on anything.
March 4th, 2009 at 11:07 amKeltoi, I think you’re being a bit strident in your reading — the previous choice is “2 to 3 years”. I think a reasonable choice is somewhere between the two. After all, in three years, the government will still be operating on only Obama’s second budget. The severity of the crisis dictates that progress in turning things around can be slow. I think 2 to 3 years is a reasonable time period to assign responsibility. Might be a bit generous, but not unreasonable.
March 4th, 2009 at 11:08 amAmerican people don’t blame Obama’s policies for stock market drop.
Well, JK THE BOLD does!
Then again, he’s about as un-American as one can get!
March 4th, 2009 at 11:09 amThe Republiscum Entertainment channel is awesome again today.I see the Steele Token is still kissing Flush Limpballs ring,and the rest of the conservatives blaming this economic mess on Obama is only to defelect the fact that this mess is the Boy Emperor`s and his administrations.
March 4th, 2009 at 11:12 am#6 mk3872 Says:
March 4th, 2009 at 11:14 amsnark alert
I guess that was to subtle for u or maybe reading would have helped
Nancy Reagan = ‘Just Say No’
Republican’ts = ‘Just Say No’
But what do they say about the economy? = Obama’s fault!
March 4th, 2009 at 11:15 amLast time I looked I didn’t see a lot of Americans walking around with “stupid written on their forehead”. The only ones I’ve seen are the 23% who thinks bush was a great President.
March 4th, 2009 at 11:16 amObama could make the best decisions possible for our economy and our nation and the stock market could still fall because the shareholders are getting out of companies which were run poorly. The federal government may be able to help save some of these failing banks, but they can do nothing to restore the confidence of investors who have lost all their equity as the depth of mismanagement was revealed.
March 4th, 2009 at 11:16 amA few weeks before Bear Stearns collapsed Cramer was screaming at people, telling them not to take their money out. He’s and idiot. And a hack. Which is a dangerous combination.
http://www.pufferfishblog.com/
March 4th, 2009 at 11:17 amKeltoi Says
March 4th, 2009 at 10:59 am
What is up with the 23% that will think him responsible in more than 3 years? More than 3? That percent seems really high to me – that is three years of governance and budget passing but he still wouldn’t be responsible? I wonder what percent would have given him a pass for more than 4…
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If you look at the poll results, you’ll see people are all over the board when it comes to when they think it would be appropriate for Obama to shoulder the credit/blame for the economy. Which makes me think most people really don’t have a clue and are choosing their answers randomly.
What I’m getting out of the poll is that Obama isn’t to blame for the current economic mess, and they want to give him a fair chance to fix the carnage.
Let’s say that Obama inherited several miles of coastline right after a gigantic oil spill offshore. At what point is he responsible for the quality of the beach? I believe most people would give him a fair chance to get things cleaned up before judging him, even though it takes awhile for the environment to get back to normal after an oil spill even with help. However, after a certain point, if the beach isn’t cleaned up, people would be telling him to get off his butt and do something. It’s just where that point is that people differ.
I personally believe our economy has been wounded badly enough it will take some time for it to recover no matter how aggressive Obama is with his efforts. As long as each year shows incremental improvement, I’ll at least give him credit — even if it takes awhile to get back to where we were in the 1990’s.
March 4th, 2009 at 11:18 amMarie
March 4th, 2009 at 11:18 amYeah he is great
I guess tying the faux new crap to the faux new effort at blaming Obama for the stock market was too subtle for some
I pay no attention to the conservatives who were still blaming Clinton for things after he had been out of office for eight years. These people are unable to accept responsiblity for their actions and do not recognize the truth.
March 4th, 2009 at 11:20 amAmerican people don’t blame Obama’s policies for stock market drop.
Yeah…………It’s all Clinton’s fault ……Right , GOP ?
March 4th, 2009 at 11:22 amkonchster – or maybe just not very funny or well worded?
March 4th, 2009 at 11:22 amI just broke my right hand so my nonexistent typing skills are even further diminished
March 4th, 2009 at 11:22 ammake that faux news
I knew it’d be a matter of days before the rightwingers would attempt to place the blame on Pres. Obama for the stock market drop. They’re dead wrong. This economic mess was inherited and is going to take time to clean up. The rethuglicans are just stirring up more fear, confusion and they just need to stop. I’m really surprised at Jim Cramer – he needs to either A. stay on his meds or B. stay off his meds! Dude is crazy to blame Obama for Dumbya Bush’s mess!
March 4th, 2009 at 11:24 amPeople realize that this hole we’re in took a lot of digging to make and it’s going to take some time for President Obama to build a ladder long enough and strong enough for us to climb.
March 4th, 2009 at 11:28 amYou know, the hypocrisy is sickening.
On the one hand, you have the entirety of the Steele and Limpball’s GOP saying the best thing to do about this is nothing, let the market correct itself, but at the same time, they are blaming Obama for the economy, which is doing EXACTLY WHAT IT WOULD DO IF WE DID NOTHING…
I just don’t get it. My only solace in this is when the republicans are so steadfastly convinced they are absolutley RIGHT, they are always 100% DEAD WRONG.
My prediction, by 2012 we’ll have an Obama landslide.
March 4th, 2009 at 11:29 amOT and possible concern troll alert:
I’m trying to refer to our current president as “President Obama” as much as possible. I, like many of us, am in the habit of refering to former president bush as bush (when I’m feeling charitable) and FP Clinton as Clinton. The repubs started this back during Clinton’s tenure as a way to show disrespect. It was carried on during bush’s years, but I think President Obama deserves the respect his title is due. And it serves as a reminder to the trolls here that President Obama is their president.
March 4th, 2009 at 11:31 amBobwurst: Noted.
March 4th, 2009 at 11:32 amcitizen pain says:
On the one hand, you have the entirety of the Steele and Limpball’s GOP saying the best thing to do about this is nothing, let the market correct itself, but at the same time, they are blaming Obama for the economy, which is doing EXACTLY WHAT IT WOULD DO IF WE DID NOTHING…
That’s what they want. they want nothing done so they can complain in two years. they don’t get the cognative disconnect and they know their base doesn’t either.
March 4th, 2009 at 11:34 amKeltoi Says:
What is up with the 23% that will think him responsible in more than 3 years? More than 3? That percent seems really high to me – that is three years of governance and budget passing but he still wouldn’t be responsible? I wonder what percent would have given him a pass for more than 4…
March 4th, 2009 at 10:59 am
__________
It’s a ridiculous question to begin with. You’re asking people not only to predict the future of the economy, but the future of what policies are going to be formulated, how badly they’re obstructed and altered by their opponents, how the final policies will work, what other externalities may enter into the equation between now and 2012, and then determine who you’re going to blame and/or praise for what may and/or may not have happened.
I doubt many economists could give a satisfactory answer to that question, let alone the lay public.
March 4th, 2009 at 11:36 amBobwurst, I know what you’re saying and, in fact, i tried to refer to the former President as “President Bush” most of the time, at least to start off a conversation. I sometimes neglected to do that, but I did make an effort.
Of course, as conversations (and years) stretched on, I adopted such affectionately “pet” names as Dumbya, The Deciderer and even the Chimperor. but it was all in fun, see?
March 4th, 2009 at 11:36 ami was watching part of the TODAY SHOW yesterday, and jim cramer was on, again, and he was actually saying that obama was causing the stocks to fall… and that obama was not listening to “us” – which i took to mean the stock players…
all i could come up with was that it was cramer and his histrionics that was to blame… those guys need to shut up.
read this earlier:
Gibbs Questions Jim Cramer’s Credibility
http://blogs.abcnews.com/politicalpunch/2009/03/gibbs-questions.html
good clips pointing out cramer’s UNcredibility there…
March 4th, 2009 at 11:36 amOnce again: President Obama inherited the worldwide Bush recession.
March 4th, 2009 at 11:37 amAh, but Americans do. As strange and macabre as this sounds, I am thankful for Little Georgie Bu$h. He ruins everything he touches. He almost ruined our country, but we are too strong to let one administration bring us down, no matter how close to the precipice we came. However, he did good as far as ruining the republican brand!
Thanks Georgie!
March 4th, 2009 at 11:37 amBobwurst: I have tried to follow this suggestion, which you made previously. It’s a good idea and please remind us periodically.
March 4th, 2009 at 11:37 amRepublicans are framing their issues, so to speak. Unfortunately, they don’t believe in science and cannot correlate cause and effect.
Luckily, the American People are smarter than the Republicans have EVER given them credit for.
March 4th, 2009 at 11:41 amThanks folks, I’m not lecturing anybody here, (except maybe proud and JK) It’s as much a reminder for me as anyone else.
March 4th, 2009 at 11:43 amBobwurst Says:
I’m trying to refer to our current president as “President Obama” as much as possible.
March 4th, 2009 at 11:31 am
__________
Good idea… If we really want to conform to the new rules of the AP Stylebook, we should use his first name as well (on the first reference).
March 4th, 2009 at 11:48 amAnybody who has to shout to get your attention isn’t worth listening to.
March 4th, 2009 at 11:53 amLike the heavyset bearded moron selling Shamu wipes and other gadgets on channel 73.
Last autumn when Jim Cramer was advising people to pull out of the stock market, the rightwing was labeling him a hysterical chicken-little.
March 4th, 2009 at 11:54 amWhat are they saying now after his latest diatribe blaming Obama for something clearly the result that he, Cramer, was predicting 6 months ago?
Greed and leverage killed investing. The pursuit of commissions and executive incentive compensation resulted in poor quality products, some vaporware.
Blaming it on President Obama rings hollow. His financial critics want to restart greed and leverage with Uncle Sam as the funder/lender.
Taxpayer money is slated to fund the shadow banking system’s rescue of banks, public private partnerships.
March 4th, 2009 at 12:01 pmIf the repubes give up their Laffer-curve-voodoo-economics-give-it-all-to-the-rich-and-be-happy-when-they-piss-down-our-backs stupidity, they’ll be nothing left but a rival party to the KKK.
March 4th, 2009 at 12:18 pmDidn’t the republican party exculpate bush/cheney from any resposiblity for the September 2001 attacks?? 9 months into their disasterous administration?
What’s good for the goose…..
March 4th, 2009 at 12:53 pmSerious investors are hard-wired risk-takers, and are not the type to sit on their wallets doing nothing for very long. The desire to take action and take charge will overcome this fear we are told is holding the market hostage, and they will realize that every day they let it stop them from investing, is money lost. Greed is still the oil of the machine, and greed hasn’t gone away; it’s just in hibernation.
March 4th, 2009 at 12:55 pmRalph, Toasterhead, Missmolly, all excellent observations.
I would be in the one to two year column myself. I am going to be a little less patient than the 2-3 year group because Obama himself has constantly described this as a crisis that demands immediate action, and within a month of taking office he rode that rhetoric to the passage of the biggest stimulus measure and the largest deficit spending budget since the New Deal and WW II. He has identified a huge problem and gotten a HUGE amount of money to address it – if the Stimulus Bill has not improved things in two years, I am going to have to conclude his premise was flawed at best and it will be his responsibility. But this will all play out in the 2010 midterms, that is the poll that will count.
March 4th, 2009 at 12:56 pmhussein toasterhead Says:
Bobwurst Says:
I’m trying to refer to our current president as “President Obama” as much as possible.
March 4th, 2009 at 11:31 am
Good idea… If we really want to conform to the new rules of the AP Stylebook, we should use his first name as well (on the first reference).
I’m more used to MLA, but AP works…
March 4th, 2009 at 1:03 pmI guess the ReichWing Propaganda Media Machine is losing some steam…
….people are not buying their lies as much as they used to…
…smarter? No, just sick to death of Repukes, is my guess.
March 4th, 2009 at 1:53 pmThe American people don’t agree with much of what the Republicant’s have to say. Take a look at the entire WSJ/NBC poll results. Not much good there for the Republicant’s.
http://msnbcmedia.msn.com/i/MSNBC/Sections/090303_NBC-WSJ_poll.pdf
March 4th, 2009 at 2:02 pmBobwurst Says:
I’m trying to refer to our current president as “President Obama” as much as possible.
So am I. I try to call him “President” at least once in every post. This is to counter the fact that the MSM rarely calls him “President Obama”. They either call him “Obama” or even sometimes “Mr. Obama”. Just another way to try to diminish him.
March 4th, 2009 at 2:06 pmKeltoi Says:
What is up with the 23% that will think him responsible in more than 3 years? More than 3? That percent seems really high to me – that is three years of governance and budget passing but he still wouldn’t be responsible? I wonder what percent would have given him a pass for more than 4…
Our intrepid troll thinks that a President should be able to turn around decades of disastrous financial policies in 3 years. Sorry Keltoi, it took Bush 8 years to get us into this mess. If Obama gets us out in three years, it will be a pretty big accomplishment. Especially considering the fact that the Republican’ts will be fighting him every step of the way.
March 4th, 2009 at 2:11 pmRalph,
Way back on #4, Nailed It!
March 4th, 2009 at 2:20 pmThe queston should be when will President Obama be responsible for the economic disaster the repbulicans left him.
I think three to four years or possibly never. No more than he’s responsible for Bush’s war in Iraq.
Oh yeah, he get’s the fun of trying to fix everything. But he’ll never own these disasters. They belong solely to the republicans.
So I’d give him at least a few years of leeway considering the GOP will fight him every steop of the way.
March 4th, 2009 at 2:38 pmJim Cramer is Larry Kudlow’s buttboy. What freaking freaks…
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March 4th, 2009 at 3:29 pmWhen repugs want the President to fail, they want us to fail too.
March 4th, 2009 at 5:07 pm