Politics: It is just around the corner?
Here we go again in Washington (let’s get ready to budgeeet!), as President Barack Obama vs. the Republicans in Congress preparedness, this time over the 2014 budget and the Treasury’s debt limit.
Another budget battle in Washington, you say? That’s right and it comes at a tough time for the economy (again).
While stocks are doing just fine right now, and job gains (well, perhaps) but let’s face it the overall economy has been a bit um, how do we say , under-the-weather (like a sick puppy). “Growth has averaged an annual rate of just 1% in the past nine months, the weakest since the recession ended” (CNN News).
But wait there’s more, and it’s going to be a Scream baby (oh wait I just quoted a movie about a movie, but I digress) Anyhow, according to Fox’s News Report (that would be the unbiased Fox News…yeahhh, but I digress again) “China’s clampdown on excessive and illicit lending practices has slowed the Middle Kingdom’s economic juggernaut to a tepid pace. Markets, consumers and businesses are still adapting to the Federal Reserve’s plans to pull back on its $85 billion-a-month bond purchase stimulus and the rise in interest rates that has accompanied it [10-year Treasury yields are up from 1.7% in May to 2.6%].”
If they do pass something( heck, the test for a renewal of their car’s registration test, and if there is not one then at least vote to create one…something anything) the economy looks ready to reaccelerate back toward a 3% growth rate but we could still be on the cusp of another 2011 type fiscal fright.
The question is what do the American’s think?
To be sure, is anyone else out there (besides everyone else) tired of the childish and the repeated fights over taxes and spending (ok, ok, put your hands down your at work.)?
Take a look at this latest new poll:
A recent Wall Street Journal/NBC poll shows that partisan gridlock has taken a toll: Obama’s approval rating has fallen to its lowest level since late 2011 at just 45%(umm, not exactly low low ), while Congress’ approval rating is a laughable 12% (and ten of those percentage points could be from there employee’s, we don’t know). Just 29% of Americans believe the country is on the right track (29% of the government employee’s grandmother’s). And 57% say every member of Congress should be replaced (with their grandparents or ours?).
The good news is…um, wait…the good news is…well I’ll just leave with this quote, ironically from my late grandmother (yes, really) she said, “Dear, I don’t know what to tell you, if your parents can’t decide together perhaps you need to seek council outside the norm.”
Maybe the government needs to seek help from an unlikely source?