Wednesday, June 08, 2011

These Must be more of Obama's Road Bumps to Recovery...

Remember, no double dip here. These are just road bumps. They are really no big deal. Um...not so much.

POLL: Only 24% Say They Share President's Political Views...
Most voters still believe President Obama is more liberal than they are, while just one-out-of-four say they share the same ideological views as the president.

The latest Rasmussen Reports national telephone survey shows that 54% of Likely U.S. Voters think Obama is more ideologically liberal than they are, while only 13% view him as more conservative. Twenty-four percent (24%) say their political views are about the same as the president'

Nearly half of Americans fear another Great Depression...
Forty-eight percent say that another Great Depression is likely to occur in the next year - the highest that figure has ever reached. The survey also indicates that just under half live in a household where someone has lost a job or are worried that unemployment may hit them in the near future. The poll was conducted starting Friday, when the Labor Department reported that the nation's jobless rate edged up to 9.1 percent.

But wait, there's more:
Fed survey: Economy falters in several US regions:
WASHINGTON (AP) -- For the first time this year, the economy has slowed in several U.S. regions, burdened by high gas prices that have weakened consumer spending and crises in Japan that reduced manufacturing output.

All 12 of the Federal Reserve's bank regions grew this spring. But four of the regions suffered slower growth in April and May from earlier this year, according to a Fed survey released Wednesday.

It was the weakest survey since fall, when the Fed said two regions failed to grow at all. And it confirmed a slew of data that portray a national economy whose growth has faltered. Hiring has slowed, orders to factories have declined and home prices have fallen.

Fed banks in New York, Philadelphia, Atlanta and Chicago said growth weakened in those regions. By contrast, the Fed regions in Boston, Cleveland, Richmond, St. Louis, Minneapolis, Kansas City and San Francisco said growth there remained steady.

The Dallas region was the only one to report accelerating growth. That was mostly because of higher oil prices, which benefited the region's energy industry.

The report, known as the "Beige Book," is based on anecdotal information gathered by officials at the Fed regional banks. It is released eight times a year and provides a more in-the-trenches review of the economy than government statistics do. Wednesday's report covered the roughly seven weeks between April 5 and May 27.

But don't worry....Recovery Summer II is just around the corner, right Slow Joe Biden?