Obama Is High in Polls, But Issues Like Mortgage and Auto Crises Help Republicans

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I don't have anything against Rasmussen's polling (I even was contacted by them in a survey last summer, noteworthy because my home state was not competitive and wasn't much polled), but I think surveys from others need to be considered and factored in to get a full picture of public opinion.

Separately, I'd like to dispute this comment:

"Franklin Raines, Democrat & former CEO of Fannie, in 1999 began a program to issue mortgages to people of low to moderate income and eased credit requirements on loans purchased by Fannie. This created a housing bubble that has now been pierced. This mess was predicted by the Bush administration who attempted to tighten regulation on Fannie but was obstructed by the House Democrats."

House Democrats weren't in a position to obstruct much of anything (without GOP help) until January 2007, six years into the Bush administration. If Bush and his appointees thought that the housing bubble was a problem then why didn't they try to act earlier? If they tried from 2001-2006 and failed, then the congressional Republicans have much to answer for in that. I don't recall Tom Delay or Bill Frist calling for much tighter regulation of Fannie or Freddie. And I do remember the GOP in the 2004 campaign making a big deal of then-record homeownership as if it were a great good in itself. Remember the "ownership society" talk?

Michael Karns of MD 1:02PM February 23, 2009

The problem is everyone feels like they need handouts. I work in collections for a cell phone company and I hear every excuse possible to give more time to pay there bill. Everyone I talk to has an excuse for why they need more time or credits. This is a cell phone company, it is not a necessity. If a person is having a hard time in life and needs help with their finances, then why have the most expensive phone with the highest plan? People are not asking for help anymore they are demanding it. That is the problem with the economy today.

“I’m hurt and I need Workmen’s Comp. so I’m waiting for my check” “I’m disabled I need a disability check, but I only get it once a month.” “I lost my job I need my unemployment before I can pay my bill.” “My bill is too high I only make 4000.00 a month so I need a credit to help with the overages.” “There’s an Ice storm and I need another month to pay my bill.”

yasmin of MI 8:58PM February 20, 2009

Funny how loyal some people are

Mark of WA 7:32PM February 20, 2009

Mr. Hanshaw, Your comments about illegal aliens fails to take into account that a wide Republican majority failed to act on the inrush of illegal workers for years and years. Living in Arizona, I can tell you from experience that when people are deported, they are generally able to come back within a month. We would need to live as a heavily armed state, basically at war, to keep them out. Neither political party seems able to solve that dilemma.

To all of you who are so smug and self righteous about helping those "losers" who failed to manage their finances properly, let's hope you are never at the mercy of others, needing a helping hand.

Due to the general state of the economy, my husband and I have watched our income from his veterinary practice and my decorating business erode for years. We have lived in the same comfortable but unfancy home for over 23 years. 3 years ago we had to refinance our house to keep our business going, hoping to ride out the downturn. We have never missed or been late with a payment. Still, if one more setback happens, say a health issue for one of us (my husband is still working six days a week at age 70), we will go down the tubes. It is very disheartening to listen to the Republican faithful deride people just like us as "losers" "leeches" and people who refuse to live within their means. Personally, I haven't purchased a new outfit in three years. I have to think that mean spirited mindset is what drives the vast majority of good caring people away from the Republican Demagogues.

phoenician lady of AZ 11:15AM February 20, 2009

"Similarly, as Obama unveiled his mortgage refinancing plan, 45 percent of Americans oppose government subsidization of home mortgage payments, while 38 percent favor it."

To be more objective one needs to add the 18% "Don't know" to the opposed to get this: "Sixty-three percent (63%) show no support for the mortgage relief".

Fred Beloit of FL 10:57AM February 20, 2009

Mr. Obama just signed a stimulus bill that will cost $789.5 billion plus another $300 plus billion because it's borrowed money. He did not go through it line by line as he said he would do when he wanted my vote. In fact he did not even read it.

If he is not going to make a reasonable effort to make certain that the hard earned money of the taxpayers is being spent without waste, then it is incredibly hypocritcal of him to be asking for more sacrifice from taxpayers to help other Americans out of their difficulties.

Harry22 of MA 9:08AM February 20, 2009

First order of business is for Democrats to admit their two pet projects, Fannie Mae & Freddie Mac created this mess and stop shifting blame to Republicans and the market. Franklin Raines, Democrat & former CEO of Fannie, in 1999 began a program to issue mortgages to people of low to moderate income and eased credit requirements on loans purchased by Fannie. This created a housing bubble that has now been pierced. This mess was predicted by the Bush administration who attempted to tighten regulation on Fannie but was obstructed by the House Democrats.

Rick of PA 8:53AM February 20, 2009

Much of the opposition to the mortgage bailout seems to be venting their anger at those irresponsible individuals that purchased a house that they could not affford. I don't doubt that many folks fit this profile. On the other hand, many budget minded people are recently out of work. These people with previous responsible spending habits, are now in vulnerable economic positions and will also be facing foreclosure. I don't want to see bad come to lots of good folks simply because the DC and Wall Street economic gurus have squandered the economy. We don't know the entire story on what's currently happening, but it will be examined deeply in the coming years and decades. Therefore, while I respect those who don't support the measure to provide homeowner relief (aka Obama's plan), I'm in profound disagreement with them. I have a good job, pay taxes and I'm totally cool with using my tax contributions to help out my fellow citizens. I'm lucky to be in this position. We have to pull together. Everything seems to be falling apart. Several years ago the Mississippi river was flooding its banks and people from all over the nation flocked to towns and communities that were being devastated and began sand-bagging. Well, that's basically what we need to do now as Americans. Where our leaders have failed, the people must pull together and sand-bag this nation and economy back to health. Failure can not be an option. We must pull together.

Anthony R. Seta of OH 1:42AM February 20, 2009

The epidemic of nervous breakdowns among the Washington chattering classes continues. I've never read such an avalanche of bilious, insubstantial blather as the last month.

All these Republicans are doing what they do best, which is to deny facts staring them in the face, concoct an elaborate fantasy, and then accuse those who don't play along with their insanity of being out of touch.

Memo: YOU GUYS LOST! NOBODY LIKES YOU OR LISTENS TO YOU! YOU HAVE NO POWER! YOUR ONE AND ONLY FAN DRAWS CARTOONS FOR THE NEW YORK POST!

Have a nice day.

Panskeptic of MT 1:30AM February 20, 2009

So, people like me, who bought a modest, sensible house and paid off my mortgage several years early are going to be asked to pay to bail out people who behaved irresponsibly. Do I get it right?

John D. Froelich of PA 1:02AM February 20, 2009

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Michael Barone

Michael Barone

U.S. News Weekly

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Michael Barone is a senior writer for U.S.News & World Report and principal coauthor of The Almanac of American Politics. He has written for many publications—including the Economist and the New York Times.

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