Obama addresses congress for the first time

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Pres. Barack Obama at present enjoys high level of public support optimism and confidence. Americans badly needs him at this time even if political trust doesn’t necessarily translate to economic confidence. The stock market for the last month continues to flounder in spite of the change Obama has been pursuing.

Those badly hurt by the economic downturn watch silently where the recovery program will go. Rightly so, it is early to give in to pessimism, but there is a cause for concern.

Those with money are afraid to invest—the stock market behaves erratically as if to suggest that something isn’t right. It is expected to go for undetermined amount of time in spite of the bold assurances of Obama. People badly affected by the financial crisis are confused, some can’t get over their shock on what’s going on.

Opinion on B. Obama:

——————————–Approve———–Disapprove——–No Opinion

His job as president————63%—————–22——————-15
Foreign Policy——————-57%—————–17——————-26
The Economy——————-57%—————–32——————–11
Iraq Situation——————–54%—————–24——————–22
Source: New York Times (02/23/09, Zeleny, J; Thee-Brenan, M)

On Tuesday, February 23, at 9PM eastern time, Obama will address the joint congress. He enjoys strong political clout with about 2/3 of the American people supporting him. A rising number however is skeptical. In spite of the benefit of the doubt, many are struggling to fend off their ambivalence. There are those who feel they’re practically on their own, without much reason to believe the government will look after them since their finances have been ruined by mismanagement. They can’t take the thought of bailing out irresponsible Americans in cahoots with unscrupulous bank lenders who bought homes beyond their means.

Obama’s Disapproval Rating Doubles

According to a recent Gallup poll, Obama’s new disapproval rating rose from 12% last month to 24% this month. This is 50% higher than the 16% average for a month-old new presidency. —-Los Angeles Times ( 02/24/09, Malcolm, A)

Americans really can’t be too trusting these days, not even with Obama’s popularity. Words cannot change reality. Sixty (60%) of the public worries that someone in the family will lost a job in the coming months or the next year. Fifty-five (55%) of the Americans says they are just trying to make ends meet. While Americans are under no illusion to believe that the economic problem will die down soon, it’s unclear if they who are extravagant and used to good life can weather the turbulence of the recession.

In spite of the media’s overwhelming biased adulation for Obama (as described in Bernard Goldberg’s book “A Slobbering Love Affair: The True (And Pathetic) Story of the Torrid Romance Between Barack Obama and the Mainstream Media “)it is still the truth that matters. People can’t live with the promises and eloquent words of a president, they need to see tangible results, especially those who put their reliance on the government to solve their problems. (Photo Credit: Alex Johnson)=0=

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