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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (95137)	11/11/2010 10:27:09 AM
From: TideGlider	Read Replies (1) \| Respond to of 224749

The dollar isn't weak? Okay Kenneth, the world believes you.

To: Kenneth E. Phillipps who wrote (95137)	11/11/2010 10:29:05 AM
From: chartseer	2 Recommendations Respond to of 224749

It isn't??? The dollar isn't weak? "The Fed’s announcement of $600 billion of intermediate and long Treasury purchase, informally dubbed QE2, teed off a peppy rally in stocks, and led to further weakening of the dollar. These trends were already well in motion thanks to the central bank’s winks and nods that it was going to embark on another round of bond purchases." ""further weakening of the dollar"" nakedcapitalism.com comrade chartseer

To: Kenneth E. Phillipps who wrote (95137)	11/11/2010 10:52:35 AM
From: Hope Praytochange	3 Recommendations Respond to of 224749

Odumbama Has a Listening Problem The idea that government can spend our way to prosperity doesn't make sense to voters. By KARL ROVE The rock star Sara Bareilles sang at President Barack Obama's Las Vegas rally for Sen. Harry Reid in October. Her biggest hit, "King of Anything," includes the lyrics, "You've got the talking down/Just not the listening." That pretty well sums up Mr. Obama's reaction to last week's midterm. The president rejects the idea that voters don't like his policies on jobs and the economy. At his White House news conference last Wednesday, Mr. Obama observed, "If right now we had 5% unemployment instead of 9.6% . . . people would have more confidence in those policy choices." Well, yes. But isn't unemployment much closer to 10% than 5% because the stimulus package didn't work as the president promised it would when he signed it? Mr. Obama's narrative that the economy's condition has nothing to do with his policies is nonsense. When asked at the same news conference if he felt there was "a majority of Americans who think your policies are taking us in reverse," Mr. Obama waved off the criticism, saying that the "American people understand that we're still digging our way out of a pretty big mess." Wrong again. Mr. Obama doesn't seem to understand that the midterm "shellacking" his party took was an explicit rejection of his policies, especially by independent voters. This is borne out by a post-election poll released Tuesday by Democrat James Carville's Democracy Corps and Republican Ed Gillespie's Resurgent Republic. The survey found that 56% of independent voters voted for GOP candidates while just 38% voted Democratic, a 36-point swing from the 2006 midterm and a 26-point swing from the last presidential election. Independents now look much more like Republicans than like Democrats—79% believe the country is on the wrong track and they're more than twice as likely to blame President Obama and the Democrats than to blame President Bush and Republicans. View Full Image Associated Press Independents share the GOP view that the government is doing too many things better left to businesses and individuals. They trust the GOP more than Democrats on jobs and employment (50%-27%), the economy (48-25), government spending (50-23), the federal budget deficit (53-17), and taxes (54-23). A majority (51%) support extending all the Bush-era tax cuts even after hearing Mr. Obama's best arguments against extending them for people making over $250,000. Instead of acknowledging the need for policy correction, Mr. Obama offers the now familiar excuse that it's all a communication problem. As he told the National Journal's Ron Fournier in October, his policy successes were "a lot for me to be able to communicate effectively to the public in any coherent way." But the problem is not with the capacity of voters to grasp the brilliance of Mr. Obama's policies. Rather, the idea that government can spend our way to prosperity doesn't make sense to voters. The more they heard Mr. Obama talk about this approach, the more they rebelled. Something similar happened with health care. The president dismisses the notion that last week's results were a rejection of ObamaCare, saying at his White House news conference that it would be "misreading the election" to argue "the American people want to see us for the next two years relitigate arguments that we had over the last two years." But that's exactly what voters want. The Democracy Corps/Resurgent Republic poll found that 51% of all midterm voters and 57% of independents believe ObamaCare should be "repealed and replaced." In the wake of last week's epic rebuke, Mr. Obama has two historical models to follow. He can react as President Bill Clinton did after Democrats' 1994 defeat and move to the center, which resulted in two of Mr. Clinton's greatest achievements: a balanced budget and welfare reform. Or he can emulate Harry Truman in 1947-48, sticking hard to a liberal agenda and fighting the congressional GOP for obstructing it.