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	Name:	water_watcher -
	Subject:	Obama Approval falling
	Date:	6/18/2009 7:27:45 AM

Just saw that Obama's overall approval has fallen to 56%. While still high, it has fallen from 62% last month. That is a significant drop and now in line with what most first term presidents look like. I think it is a reflection of people seeing reality that he is not some savior ... that his policies are by no means a quick fix and in all probability harmful to the country. He is spending more money than every other president combined and we are showing little progress. The general feeling is that his actions may have slowed the recovery and at best we would have gotten the same pace of recovery if we did not spend future generations tax revenues today.

As he starts to push government healthcare and cap in trade that will cause more job losses and starts running Government Motors with the union, his popularity will continue to fall. As his first four years starts to run out, we will be still be in a slow and stagnant recovery with few jobs created .... but Obama will keep talking about how his policies prevented more job losses since he can not point to a robust recovery with job growth as past presidents have as they pulled the economy out of recession.

We will also be facing rising prices and inflation approaching 10% and interest rates 12% to 15%. Not because things are so good ... but because they are so bad. His energy policy will send oil back over $100 a barrel, raising manufacturing costs which will be passed on to consumers, businesses will be stuck paying the government healthcare, which will be passed on to consumers, all the wasteful massive spending will continue to devalue the dollar which will force interest rates higher to find buyers of our debt. Higher taxes on businesses will be passed on to consumers, higher taxes on individuals will reduce buying power so businesses will raise prices to prevent going out of business due to lack of demand / volume.

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Obama Approval falling - water_watcher - 6/18/2009 7:27:45 AM

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