But the latest New York Times/CBS News poll shows something that is a troublesome sign for the White House. Only 30 percent of Americans believe that the president “cares a lot” about “the needs and problems of people” like themselves.
The Insiders: Obama’s weakness matters
By Ed Rogers, Updated: September 27, 2013 President Obama speaks to the U.N. General Assembly on Tuesday. (Andrew Burton/Associated Press)
I usually stay away from using current polls to gauge how President Obama is doing, because I think the polls will always be skewed in his favor. I think he still has a reservoir of goodwill, and people also tend to give him the benefit of the doubt. This gives him resiliency and a floor of support, no matter how poorly he performs in office.
But the latest New York Times/CBS News poll shows something that is a troublesome sign for the White House. Only 30 percent of Americans believe that the president “cares a lot” about “the needs and problems of people” like themselves. Just two months ago, 38 percent of Americans felt the president cared “a lot.” It’s also a huge drop from the 54 percent of Americans who felt that way shortly after the president took office in 2009. This drop is especially poignant because the question of “who cares about people like me” has always been a particular strength for President Obama.
In fact, in exit polling conducted after the 2012 election, voters picked Mitt Romney over Obama in the key candidate qualities categories of “shares my values,” “is a strong leader,” and “has a vision for the future.” The only category where voters picked Obama over Romney was in the “cares about people like me” category – 81 to 18 percent! Granted, Obama was being compared to Romney, who struggled to connect with voters throughout the 2012 campaign cycle. But the president’s reelection indicates that his ability to make people feel like he cared about them may have been what tipped many undecided voters to give the president another chance.
Despite the president’s attempts to be a champion for middle -class families through his constant stream of self-serving assertions and campaign-style speeches, it seems Americans are beginning to feel like the president isn’t really doing anything to help them. The president isn’t facing the ballot again. But his approval ratings and his near-term policy agenda are still relevant for the Democrats facing the ballot in November 2014.
Rather than be sensitive to their popularity and approval ratings on various issues, it seems like the White House is throwing in the towel and turning to anger. Senior White House Adviser Dan Pfeiffer even compared Republicans to terrorists during a CNN interview. Maybe this approach makes the most partisan Democrats give themselves a pat on the back, but the public doesn’t like it.
It appears from the polls that the White House and Democratic leadership strategy of refusing to negotiate with their fellow Americans on the United States’ critical budget and debt issues is not working. Refusing to negotiate in Washington on domestic issues is never the right approach. Republicans are certainly making their share of mistakes, but the White House seems determined to go out of their way to embrace and engage America’s enemies, such as Russia, Syria and Iran. The president was left pining for a handshake from Iran’s president during the U.N. General Assembly in New York, yet he insults and turns his back on Republican leaders in Washington. Voters notice this, and the Democrats can only hope it won’t impact their potential at the ballot box next year.
Follow Ed on Twitter: @EdRogersDC
THE WRECKING OF AMERICA: BARACK OBAMA and his LOOTING WALL STREET DONORS PILLAGE A NATION BUSH STYLE!
According to a new report by University of California Berkeley Professor Emmanuel Saez, the gulf between the wealthy and the rest of society has sharply expanded under Obama. The richest one percent now monopolize more than 22 percent of all household income in America. The richest ten percent of the population now control more than half of the nation’s income, 50.4 percent—the highest proportion since the government began collecting income statistics in 1917.
Since 2009, the richest one percent has captured a staggering 95 percent of all income gains. The class war policies of the government—including bank bailouts, “quantitative easing” and an attack on wage and benefits for the working class—have led to a 31.4 percent rise in income for the top one percent. The wealthy have more than recovered the losses that came from the Wall Street collapse of 2008.
Meanwhile, the bottom 99 percent has seen a negligible 0.4 percent rise in income. Tens of millions of workers—who never recovered from the record household income drop of 2007 to 2009—continue to reel from the effects of mass job losses, falling wages, home foreclosures, indebtedness and social service cuts.
On fifth anniversary of Wall Street crash, Obama tries the Big Lie technique
17 September 2013
On Monday, US President Barack Obama marked the fifth anniversary of the Wall Street crash of September 15, 2008 with a White House speech that only underscored the unbridgeable chasm that separates the entire political establishment from the broad mass of working people.
Forbes magazine reported that the wealth of the 400 richest Americans had climbed to $2 trillion, a jump from $1.7 trillion in 2012.
“Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).”Published by the International Committee of the Fourth International (ICFI)Government of, by, and for the banks
25 May 2013
Five years since the 2008 financial meltdown, the speculation and fraud that caused the crash are back in full force in the United States. Flush with the $85 billion in cash printed up and handed to the banks every month by the Federal Reserve, business at the Wall Street casino is booming. Stock values are at record levels and so are bank profits, amidst declining wages and mass poverty.
Under these conditions, the banks have been pushing to rip up even the very modest restrictions on financial speculation, while broadening the scope of government bailout laws. The aim is simple: to give banks the maximum ability to speculate without constraint, while getting the maximum possible government assistance if and when the bubble collapses.
So close is the bankers’ grip on the reins of government that, no longer content to let their bought-and-paid-for politicians write laws, the banks have taken to doing the work themselves.
This was the case with a bill that passed the House Financial Services Committee this month, HR 992, which significantly expands the number of financial institutions eligible for coverage by the Federal Deposit Insurance Corporation (FDIC). The bill, which passed with majority support by both Democrats and Republicans, amends an earlier law that prevented financial institutions that trade swaps—a set of dangerous and largely unregulated derivatives—from coverage by the FDIC.
The New York Times reported Friday that, according to emails the newspaper examined, 70 out of the bill’s 85 lines were based on the recommendations of Citigroup, one of the largest US banks. Two paragraphs were inserted nearly word-for-word from an email written to lawmakers by the bank.
The bill restricts provisions in the Dodd–Frank Wall Street Reform and Consumer Protection Act, signed on July 21, 2010. This law was largely a publicity measure by the Obama administration, made to appear as a crackdown on financial speculation while in reality allowing the banks to go on with business as usual.
Instead of creating regulations, the Dodd-Frank bill merely mandated that a series of regulations be implemented at some point in the future by regulators. Nearly three years after the bill’s passage, the vast majority of these regulations have not been implemented.
Out of 135 bank regulatory rules mandated by the Dodd-Frank bill, only 40 have been put into effect. The act’s much-vaunted mandate for the creation of a “Volcker rule,” preventing deposit-taking institutions from carrying out financial speculation, remains a dead letter.
Moreover, many of the provisions of the Dodd-Frank bill, toothless as they were, are being scaled back by subsequent acts of Congress, such as HR 992, described above.
Even those regulations that have been implemented have been even further weakened by regulators to comply with the demands of the banks. Last week, the Commodity Futures Trading Commission voted to implement regulations on derivatives—speculative financial products based on other asset values—that were significantly weakened from those that were proposed under Dodd-Frank.
The Commission had initially proposed that the purchasers of derivatives be required to contact five banks when seeking to set the price of a contract. Under the new law, purchasers are only required to contact two banks, further tightening the monopoly of a handful of institutions that dominate the largely unregulated multitrillion-dollar derivatives market.
The bill likewise originally proposed that derivatives be traded on electronic exchanges similar to stock markets, so that buyers would have a better understanding of prices across the market, making price gouging by issuers more difficult. But the final rules allow for much of derivatives trading to take place over the phone, making it nearly impossible to regulate.
“I’m not here to punish banks!” Barack Obama – State of the Union – NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA ADMINISTRAITON NOW!
Despite a mountain of evidence—including a voluminous 2011 report by the Senate Permanent Subcommittee on Investigations—that the 2008 financial crash was directly linked to rampant lawbreaking by Wall Street, not a single executive at a major bank has been criminally prosecuted, much less gone to jail.
The Wall Street giants emerged from the financial crisis larger and more powerful than ever, and, as shown by government inquiries into JPMorgan’s $6 billion trading loss last year, their activities are just as speculative and parasitic as before the crash.
These factors, combined with the vast amounts of money being pumped into the financial markets by central banks make a new financial crash all but inevitable.
Throughout all this, the role of the government has been to cover up and facilitate the banks’ crimes, seeking to create the appearance of regulation, while allowing Wall Street to operate with impunity.
The main nexus between the banks and government is the Obama administration itself, which, with every new appointment, becomes ever more a government of, by, and for the financial oligarchy.
NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA ADMINISTRAITON NOW!
In January Obama appointed as treasury secretary Jacob Lew, who earned millions of dollars as the chief operating officer of Citigroup’s Alternative Investments unit, which made bets against the housing market as it collapsed.
NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA ADMINISTRAITON NOW!
This month Obama appointed Penny Pritzker, a hotel heiress and private equity firm operator, as commerce secretary. With a net worth of $1.85 billion, Pritzker is the wealthiest person in US history to serve in the president’s cabinet.
These developments demonstrate the impossibility of reining in the financial criminals within the confines of the present political system. The government and both parties serve as little more than errand boys for the bankers, who exercise a dictatorship over political life in the United States.
OBAMANOMICS: BANK PROFITS and CRIMES SOAR UNDER OBAMA… so do foreclosures!
FORECLOSED ON AMERICA: HOW BARACK OBAMA and HIS CRIMINAL BANKSTERS LOOTED A NATION AND THEN PROFITEERED OFF THEIR CRIMES
Sen. Feinstein's Husband Cashes In on Crisis Ethical? Ethnics never enter into a deal Feinstein is pushing in Congress! FEINSTEIN IS A MAJOR OBAMA DONOR. SHE MAKES SIGNIFICATN "CONTRIBUTIONS" TO DEMS ALL OVER THE NATION SO THEY KEEP THEIR MOUTH SHUT ABOUT HER LOOTING OFF ELECTED OFFICE.On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms, the Washington Times reported on Tuesday.
Mrs. Feinstein's intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn't a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments - not direct federal dollars.
unfortunately this is only one of the many “DEALS” Feinstein and her husband, Richard C. Blum have looted off of.
TWO OF FEINSTEIN’S BIGGEST DONORS ARE CRIMINAL BANKSTERS WELLS FARGO and BANK of AMERICA. SHE FRONTS FOR THESE BANKS IN THE SENATE LIKE SHE DOES RED CHINA! BOTH BANKS ARE AT THE TOP OF THE LIST FOR THE FORECLOSURE DEBACLE THEY ARE NOW PROFITEERING FROM.
Read more: http://www.foxnews.com/politics/2009/04/21/sen-feinsteins-husband-cashes-crisis/#ixzz28BwHuQMm
OBAMAnomics: Soaring Profits for Wall Street, Soaring Crimes of Bankster Donors, Soaring Foreclosures and Soaring Unemployment for Americans (Legals)…. STILL CALLING IT “CHANGE”???
OBAMA, THE BANKSTER OWNED LA RAZA DEM
“The response of the administration was to rush to the defense of the banks. Even before coming to power, Obama expressed his unconditional support for the bailouts, which he subsequently expanded. He assembled an administration dominated by the interests of finance capital, symbolized by economic adviser Lawrence Summers and Treasury Secretary Timothy Geithner.”
CRONY CAPITALISM… predicated on keeping wages depressed to third world levels for his billionaire donors!
Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses…and Muslim Dictators