Rants for Reason

Exploring logic, skepticism, freedom, tolerance, and knowledge

Obama bad on economy?

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This shit infuriates me: AP Poll: Obama at new low for handling economy.

Apparently 56% of respondents disapproved of Obama’s handling of the economy.  That’s their business — in my opinion, they’re quite wrong, but they’re entitled to their opinion, sure.  Maybe they feel he’s been too light on reform or hasn’t been aggressive on repealing Bush-era tax cuts, something like that.  Whatever — I can handle that.  What irks me is that 61% said that the economy has stayed the same or gotten worse during Obama’s term.  Uh, what?

That is objectively wrong.  The recession officially started in December 2007.  That means GDP was contracting.  Around the time of the election and Obama’s inauguration, huge financial institutions were dropping like flies — Lehman Brothers, Fannie Mae, Freddie Mac, Bear Stearns, Merrill Lynch, Washington Mutual, etc.  Now, perhaps it’s poor wording on the pollster’s part, as I think the worst part of the recession did happen during Obama’s term, but for fuck’s sake, we’re obviously better off now than we were a year or a year and a half ago.  The US economy is growing, stocks are back above 10,000, housing sales are up, deflation is backing off, and so forth.

What bothers me most is that the idiots that think Obama is driving the economy into the ground while he’s fixing things are so damn successful with the media.  The Tea Party is a group of morons, and I’m terrified at what’s going to happen in the upcoming midterm election.  I don’t love Obama at all, but I’m also 99.999% confident that he’ll be better than whatever dolt the Republicans throw up against him in 2012 — let’s hope Obama’s reforms show more obvious signs of working by then.

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Written by nelsonlu

August 19, 2010 at 2:03 pm

Posted in Uncategorized

Tagged with , ,

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