Lorr47 -> RE: Yikes! Obama's approval ratings still up. (6/7/2009 9:38:03 PM)
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ORIGINAL: Kirata quote:
ORIGINAL: Lorr47 And, I would guess that his approval rating is going to go higher. You may be right. But right now, there are a few other things going higher. The yeild on 10 year Treasury notes has jumped to 3.7 percent, up from 2.5 percent in March. Money is getting more expensive to borrow, as the Fed's spending spree erodes market confidence in the US ability to repay. The rate on 30 year mortgages has risen to its highest since December, taking the bloom off hopes for a bounce in the real estate market. And unemployment rose to 9.4 percent in May, as more and more people remained out of work despite a slight slowing in the rate at which the economy is shedding jobs. If this keeps up very much longer, Obama's high approval rating (assuming it stays high) is going to look like a clown suit. K. Since the unemployment figures are lagging indicators I will have to wait and see. I would hope that Obama and his advisors are preparing for inflation. Perhaps since the government now has so much clout in the banking industry, interest rates above a certain level will not be allowed for the good of the country. Since the banking lobby is the strongest on capital hill and owns the republican party perhaps the electorate will blame the republicans for higher interest rates. I believe that Obama is so far ahead of the republicans on the curve that whatever happens the republicans will suffer the most. The electorate likes Obama personally. It will be interesting.
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