Tuesday, August 3, 2010

Tuesday's trackings

POLITICS DEPT:
Polling news--
President Obama's poll numbers continue to fall:
"Only 41% of those surveyed Tuesday through Sunday approved of the way Obama is handling his job, his lowest rating in the USA TODAY/Gallup Poll since he took office in January 2009. In Gallup's separate daily tracking poll, his approval was at 45% Monday."

Here surely is one of the reasons for those falling numbers:
"Talk about the new normal. Americans are shopping less, saving more, working harder without getting paid more — if they even have a job — and not even thinking about buying homes. A government report Tuesday offered more evidence that the recovery is being stalled by sluggish consumer spending. Personal spending was unchanged in June, reflecting a third straight month of lackluster consumer demand. Incomes were also flat, the weakest showing in nine months. The disappointing Commerce Department report on spending and income was among a raft of data released Tuesday that confirmed the economy ended the April-to-June quarter on a weak note."

Nor is this helping, as President Obama's party gets lots of negative publicity from its ethically-challenged members:
"A House panel announced Monday that Rep. Maxine Waters has been charged with violating ethics rules, setting the stage for a second election-season trial for a longtime Democratic lawmaker and adding to the party's political woes. The charges against Waters, a 10-term California congresswoman, focus on whether she broke the rules in requesting federal help for a bank where her husband was a board member and owned stock. She immediately denied the charges. The House ethics committee's announcement comes just days after it outlined 13 charges against Rep. Charles Rangel, D-N.Y., including failing to disclose assets and income, delayed payment of federal taxes and improper use of a subsidized New York apartment for his campaign office."