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Blodget: Obama suffers because “taxpayer always finishes last”

Political Economy | Edward Harrison | December 17, 2009 6:16 pm |

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The latest WSJ/NBC News poll shows that President Obama’s approval rating has now slipped under 50%. This makes his the steepest first year decline in modern history.

Why?  You know what I would say:

  • Obama doesn’t know when to be an asshole
  • Obama wasted political capital on bank bailouts

See what Aaron Task and Henry Blodget have to say in the video below and then click the link to see the associated article.

Obama’s Poll Numbers Whacked by Bank Bailouts and Big Govt. Spending – Tech Ticker

And Forget about Goldman!! Remember these posts – all of them in the last month – a full 15 months after Lehman failed for god’s sake!

  • Gasparino: No woodshed for the fat cats, just a lovefest
  • Obama and the Fat Cat bankers
  • Why is Barney Frank allowing lobbyists to gut financial reform?
  • Matt Taibbi: Obama’s Big Sellout
  • The phony Senate health care reform bill
  • On releasing Citi from TARP and banking by accounting subterfuge
  • U.S. forfeiting billions in future taxes to let Citi repay TARP

I’m sorry. It’s not about Goldman or Citi. It’s about government.

Related Reading
Crimes Against Liberty: An Indictment of President Barack Obama
The Obama Diaries
Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies
Side Jobs: Stories From the Dresden Files
Microsoft Office 2007: Introductory Concepts and Techniques, Premium Video Edition (Shelly Cashman)
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  • The Obama Administration’s victory lap
  • Deficit Hawk Hypocrisy
  • Why don’t the President’s ethics rules apply to Greg Craig, now at Goldman

Tags: bailout, banking, budget, corruption, jobs, journalism, Obama, stimulus, video
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« Mark Thoma: Libertarians and populists are against Bernanke «
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  • http://twitter.com/edwardnh/status/6777830621 Edward Harrison

    Blodget: Obama suffers because “taxpayer always finishes last” http://bit.ly/6WSVrD Poll numbers lowest ever

    [Translate]
  • http://twitter.com/financialblogs/status/6779695687 TopFinancialBlog

    Blodget: Obama suffers because “taxpayer always finishes last”: Blodget: Obama suffers because “taxpayer .. http://bit.ly/7JAzEA

    [Translate]
  • http://twitter.com/creditanalysis2/status/6782196586 chency diwkli

    Blodget: Obama suffers because “taxpayer always finishes last”: Blodget: Obama suffers because “taxpayer always.. http://bit.ly/5KDcou

    [Translate]
  • demandside

    It's about fixing Citi, Goldman and government. If it doesn't get fixed, it's going to break again.

    [Translate]
  • http://www.creditwritedowns.com/ Edward Harrison

    we agree there, but the onus is on government to step up to the plate and act.

    [Translate]
  • demandside

    It's about fixing Citi, Goldman and government. If it doesn't get fixed, it's going to break again.

    [Translate]
  • http://www.creditwritedowns.com/ Edward Harrison

    we agree there, but the onus is on government to step up to the plate and act.

    [Translate]
  • http://riverdaughter.wordpress.com/2009/12/29/tuesday-morning-coffee-and-links-17/ Tuesday Morning Coffee and Links « The Confluence

    [...] Blodget: Obama suffers because “taxpayer always finishes last” –Dec 2009 [...]

    [Translate]
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    Edward Harrison

    Edward Harrison is the founder of Credit Writedowns and a former strategy and finance executive with twenty years of business experience. He started his career as a diplomat and speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. He is a regular contributor at Seeking Alpha, Naked Capitalism, and Roubini Global Economics. Edward has often spoken on television and radio in the US, the UK, Canada and Russia. Contact him at edh at creditwritedowns dot com to schedule a media appearance or for a question about this site. Follow edwardnh on Twitter

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