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WASHINGTON - Fewer Americans believe the economy is getting better and a majority disapproves of how President Barack Obama is handling it, according to a new Associated Press-GfK poll.




More...

http://www.youtube.com/watch?v=tsTAUs_h_uY

I am no Obama fan but Romney isn't getting me much excited either. Barring some dynamic, third party, eleventh hour candidate I probably won't even bother voting this time around...

Originally Posted by BajaGringo

I am no Obama fan but Romney isn't getting me much excited either. Barring some dynamic, third party, eleventh hour candidate I probably won't even bother voting this time around...

Ron....while I respect everyone's political position and opinion, I strongly urge you to reconsider. Too many young men and women gave their all so you could be able to vote, one of the most important rights we have.

I know that Terry but I honestly cannot give my vote in support of either of these fools...

I have to agree with RON, Once agian Bad Choise Vs No Choise
I was lucky I didnt have to give my all, But what I did gives me the privlage to make up my own mind as to vote or not vote. So if I do vote it will be for none of the above.

Actually that is a great point JP. I really wish they would print ballots with that option...

Speaking of money ... yep, just what the banks need .. more money

"Paul Solman adds:

A bit of translation is in order. We have written often here on Making Sen$e about the 25-basis point interest rate to which Wayne Angell refers. It's called the IOER -- Interest on Excess Reserves -- and indeed, as of the Fed's last release, U.S. financial institutions (mainly banks) have $1.55 trillion dollars on deposit with the Fed earning this rate of interest. By contrast, in 2007, that number was a mere $12 billion. Much has been made of the Fed's "exploding balance sheet" and all the new money the Fed has created (electronically) since the Crash began. The total is around $2 trillion. But as you can see, three-quarters of that new money has been redeposited with the Fed. Why? Because, as Wayne Angell points out, the Fed is paying banks those 25 basis points as interest, and what is safer for the banks to do with the money than store it at the Fed? Lend it to a business in today's shaky economy? To a real estate developer? To me? To you?

This is why Angell argues that the Fed drop the IOER payment: because he thinks it's discouraging banks from making loans that would rev the economy. Paul Krugman is on vacation. When he gets back, it will be interesting to see if he disagrees with Angell, or concurs.

http://www.pbs.org/newshour/business...bernankes.html

Originally Posted by BajaGringo

Actually that is a great point JP. I really wish they would print ballots with that option...

If this was on the ballot they might really give Americans a real choice. I can not and will not vote for the lesser of two evils. Both are controlled by the same controllers. They talk about gay marriage, abortion, etc to keep the real issues off the table.