Mort Zuckerman suggested on Meet the Press this morning that the confidence bubble bursting is our biggest problem today. Do you agree?
And if so, should we set aside our political differences for a little while and work together as Americans to straighten out our economy–conservatives and liberals both giving up a little?
I don’t know about the "confidence bubble" part, but I do think that we need to engage in compromise and civil debate instead of being polarized and at each other’s throats all the time.
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Yes.
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His Lemmings are still in line.
We? or Them? We the people have no power.
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I don’t know about the "confidence bubble" part, but I do think that we need to engage in compromise and civil debate instead of being polarized and at each other’s throats all the time.
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Recessions are largely caused by lack of confidence in the market, usually after some type of economic shock, such as a spike in a natural resource such as oil.
It doesn’t matter if both sides start talking positively now. The damage has already been done. People have already lost the majority of their retirement savings. Large corporations are already on the verge of bankruptcy.
Politicians and the media already blew their opportunity to work together and avert the crisis.
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No it isn’t, as for the working together idea, sounds good, but unfortunately it will not happen.
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No, its his policies. He’s just a FED banksters puppet and we all know it.
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Confidence bubble? I believe that Obama himself burst that bubble. Have you seen how negative he has been lately. How he keeps telling everyone that things are grim and we haven’t seen bottom?
So, the while the "poor" are waiting for the savior to begin the handouts, the "rich"(which is a pretty loose term, let’s say the working class instead) are trying to save every thin dime they can. No one is investing because we haven’t hit bottom.
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And the lying sobs in the mainstream "news" media cannot change it, no matter how hard they try. Fool me once, shame on you, fool me twice, shame on me.
Ferget about it, dude.
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No, & it has nothing to do with Obama. No, as a liberal I will not give up a little. I gave us to much these past 8 years while people in the military died & then when I saw Katrinia I got out of my comfortable life & knew I could not give any more to people who didn’t care for others. Obama has done the best anyone could possibly do for the country it is in God’s hands. It will take time for the stimulus to get working but once people are back to work others will be back to work because of them. Republicans act like they no what to do but are not able to run the country they are the reasone we are in this mess so no I refuse to get in a car with a drunk driving.
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President Obama has an approval rating of near 70%. Congressional Democrats – 45%. Congressional Republicans – 16%. I don’t think the "confidence bubble" is a problem for the Democrats.
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I agree my "confidence bubble" has burst.
But Obama is the reason for that happening, so until he stops making bad decisions, I do not seeing my "confidence" retuning anytime soon.
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Our biggest problem today is not a lack of confidence. We have entered a recession and we are making the same mistake that was made under FDR. After seven years of FDR’s administration, his Secretary of Treasury testified to Congress that seven years of throwing money had resulted in nothing but a larger deficit.
While the administration have been pandering to the media and the group of people who believe any pap fed to them and have everyone thinking that they can do no wrong, the investors in the country (i.e., the people who work, pay taxes, and think for a living) are not buying it.
What the government needs to do is try to stabilize the country until the recession runs it’s natural course. Even at my relatively young age (old in comparison to most of you) I have lived through worse and running to socialism has never been necessary.
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no, what is hurting obama is a complete and comprehensive lack of knowledge and experience of how to govern
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No – in many parts of the country, homes are very overpriced, and have been for a long time. Those homes have been bought at those prices, and now their owners are in trouble, since the values are correcting.
Additionally, many stocks are overprices by historic measures of profitability and growth. That correction is in progress.
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