Thursday, June 30, 2011

The Rich LOVE the Way Obama Gives Jobs of the American Poor to ILLEGALS! KEEPS WAGES DEPRESSED & PROFITS UP! WAY UP!
Gallup: Obama Hits All-Time Low Among Poor; Approval Comparatively Highest Among Rich
Thursday, June 30, 2011
By Terence P. Jeffrey
[President Barack Obama at the U.S. manufacturing headquarters of Cree, a maker of energy-efficient LED lighting, June 13, 2011. (AP photo/Carolyn Kaster)
( - President Barack Obama’s approval has hit an all-time low among the poorest Americans, according to the Gallup poll. Meanwhile, when compared to the other income brackets reported by Gallup, Obama's approval is highest among the richest Americans.
In the week of June 20-26--the most recent week published by Gallup--only 45 percent of Americans in the lowest income bracket reported by the polling company (those earning less than $2,000 per month) said they approved of the job Obama was doing as president.
Gallup publishes the president’s weekly approval numbers [2] among Americans in four income brackets: those earning less than $2,000 per month, those earning between $2,000 and $4,999 per month, those earning between $5,000 and $7,499 and those earning more than $7,500.
In Gallup's most recent survey, Obama had majority approval in none of these income brackets.
However, of the four, his approval was highest--47 percent--in the richest bracket, those earning more than $7,500 per month.
His approval rating last was 42 percent among those earning $2,000 to $4,999 per month and 43 percent among those earning $5,000 to $7,499 per month.
Prior to last week, when it hit an all-time low of 45 percent, Obama’s approval rating among the poorest bracket reported by Gallup had never dropped below 47 percent. It had hit that level twice: first in the week of Nov. 8-14, 2010; then again in the week of April 25-May 1.
In addition to being at an all-time low among the poorest Americans, Obama’s approval rating is also nearly at an all-time low among the next poorest group of Americans reported by Gallup, those who earn between $2,000 and $4,999 per month. The only time his approval among this group was lower than the 42 percent it was last week was in the week of Aug. 23-29, 2010, when it dropped to 41 percent.
According to Gallup, Obama’s highest approval rating among the poorest Americans came in the week of March 16-22, 2009, just two months after he was inaugurated and one month after he signed his $787-billion economic stimulus law. That week, his approval was 68 percent among Americans earning less than $2,000 per month.
In March 2009, the unemployment rate in the United States was 8.6 percent. This month, it is 9.1 percent.

October 20, 2009
Safety Nets for the Rich
The headlines that ran side by side on the front page of Saturday’s New York Times summed up, inadvertently, the terrible fix that we’ve allowed our country to fall into.
The lead headline, in the upper right-hand corner, said: “U.S. Deficit Rises to $1.4 Trillion; Biggest Since ’45.”
The headline next to it said: “Bailout Helps Revive Banks, And Bonuses.”
We’ve spent the last few decades shoveling money at the rich like there was no tomorrow. We abandoned the poor, put an economic stranglehold on the middle class and all but bankrupted the federal government — while giving the banks and megacorporations and the rest of the swells at the top of the economic pyramid just about everything they’ve wanted.
And we still don’t seem to have learned the proper lessons. We’ve allowed so many people to fall into the terrible abyss of unemployment that no one — not the Obama administration, not the labor unions and most certainly no one in the Republican Party — has a clue about how to put them back to work.
Meanwhile, Wall Street is living it up. I’m amazed at how passive the population has remained in the face of this sustained outrage.
Even as tens of millions of working Americans are struggling to hang onto their jobs and keep a roof over their families’ heads, the wise guys of Wall Street are licking their fat-cat chops over yet another round of obscene multibillion-dollar bonuses — this time thanks to the bailout billions that were sent their way by Uncle Sam, with very little in the way of strings attached.
Nevermind that the economy remains deeply troubled. As The Times pointed out on Saturday, much of Wall Street “is minting money.”

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