A Financial Times columnist wonders if Barack Obama's presidency has already failed. (PHOTO CREDIT: GETTY IMAGES)
From CNN's Jack Cafferty:
Getting the stimulus bill passed is one thing, but before we break out the champagne we might want to see if it works. And nobody is offering a guarantee on that. In fact, there are folks out there who are suggesting that if the economy doesn’t show some signs of life pretty soon, the American public might begin to sour on the euphoria surrounding the man from Illinois.
For example, here’s a headline: "Has Barack Obama's presidency already failed?” That's a rather startling question posed in the Financial Times by columnist Martin Wolf. He writes how in normal times, this would be a ludicrous statement. But because we're living in times of "great danger”, it's worth taking a look.
He says that right now a lot of the blame is still being heaped on the previous administration. But if the Obama administration doesn't act swiftly and strongly enough, it will inherit the blame. He says "doing too little is now far riskier than doing too much" and suggests that if the president can't fix the economic meltdown, the rest of his presidency is pretty much over.
According to Wolf's column, both the stimulus package and Tim Geithner's banking plan seem to be hoping for the best, when what they really need to do is expect the worst. Wolf says he's surprised that the new president let Congress pretty much write the stimulus package, and he sees the new banking proposal as too indecisive and optimistic.
Meanwhile, a CNN-Opinion Research Corporation poll out this week shows an American public looking very favorably on the new president, with an approval rating of 76%. That includes a whopping 97% of Democrats and 50% of Republicans.
But people aren't nearly as fond of the president's stimulus package, with only 54% supporting the Senate bill. If more and more Americans continue to lose their jobs, it's unclear how long Mr. Obama can keep those numbers up.
Here’s my question to you: If the economy doesn't start to improve, how long does President Obama have before the public turns on him?
Interested to know which ones made it on air?
Joe from Denver writes:
Jack. I can’t believe you would even ask this question. It took years to get into this mess and it will not be fixed in a month. President Obama hasn’t even seen all the rooms in the White House and you want to question his future effectiveness. The greatest economic minds have been brought together to help shape this stimulus package. If this group can’t come up with solutions, then who can?
Barbara from Bloomington, Indiana writes:
Given his gift of communication, his determination, raw energy, and grace, he'll have a much longer acceptance period. But what's more important is that he's setting the right example so that we can all possess these skills in life. I'm very optimistic.
Unless something is done to provide jobs, which still not only has not happened - there is no sign of it happening, there is no hope for Obama being re-elected. Throwing money at this problem, without solving the basic problem of no jobs in America (they all went to China), is likely going to become known as "Obama's Folly", in time.
Ken from Jefferson City, Missouri writes:
Jack, The president has 6 months to 1 year. If things don't show improvement, he will lose all credibility and his re-election. The people of this country do not have the patience to wait.
Joey from Seattle writes:
Honestly, that all depends on the media. After all, they already helped shape the American public opinion of the stimulus bill by giving the Republicans the microphone almost 24/7. If the media want to paint Obama as the new bad guy, then it shall be so. I personally feel it is more important to be honest and open because the stakes are too high to play "headlines" with these stories.
Was that just a stupid question or a political wish?
President Obama has done a good job in explaining to voters that the economy will likely not improve until next year.
His honey moon will last much longer since he's continually talking directly to the people and telling them the truth and the people are realizing that.
Voters understand the total mess left by the Bush administation and will give Obama one to two years to get things turned around.
The nations expectations of what this president can accomplish is way over the bar. He has done more since taking over than George did in the same period of time when he first became president. I think the honeymoon will last for awhile longer.
It all depends on how long he has the unwavering support of the mainstream media. If the media start printing the truth about how badly the Obama administration is managing the country, the people will quickly realize they've been snookered.
This is something that I think the President has been addressing with the people and that is, it took us a while to get into this mess and it's going to take a while to get out. Now how much that will be understood and accepted by the people, especially the ones who are starting to really feel the brunt of this crisis is the question. I believe he has been fair in warning us that this is going to be rough sailing for some time. It's my hope that we don't give up on him quickly, we are going to have to summon up a lot of patience while we weather this storm. Unfortunately, too many of us have gotten spoiled.
W's honeymoon lasted about 6 out of his 8 years, so I don't see how the first few weeks of Obama's presidency could possibly be the end of his honeymoon. If all the Republicans and media are willing to give Obama is 3 weeks, they have the worst set of double standards I've ever heard of.
Jack: I believe President Obama's honeymoon period will last for 6 to 8 months no matter what the economy does or does not do. President Obama inherited this economy from the Bush Administration, and even the Republicans in the Senate acknowledge the lack of action has caused this economic mess. President Obama's actions will gain him favor, unlike Mr. Bush's inaction.
John from Alabama
To me it will not be till sometime down the road. I have seen Obama do and try to do more then Bush did in years and his first 100 days are not up yet. He has said he will do his best and lets hope his best will be able to at least get us on the right road to a turn around.
Unfortunately, there are still enough self-centered airheads to expect miracles. It took 8 years of non-stop destruction to get us to this point, it will take many multiples of that to get us out of it. That means we will need several 8 years terms of fiscally conservative measures (real conservative not the neo-con artist version) to fully recover – and that is only assuming recovery is possible.
President Obama was left an impossible situation by Bush and his henchmen. Bush is gone and,apparently,he doesn't care about what he left behind. I would hope that the republicans would stop with their pettiness and work with Obama and the democrats to quickly pass a stimulus package and get our economy turned around and people back to work. I,personally, will give Obama two years.
I wouldn't say I have turned on him, but between my extreme disappointment with his cabinet picks and his pushing of this "stimulus" bill, I am getting close. This stimulus bill seems like old time pork barrel liberal democrat spending and barely anything that will create jobs. I support some of these more liberal causes, but now is not the time, we simply do not have the money. I do not support either the bank stimulus bill or the economic stimulus bill, neither will do anything to help the middle class
I don't think most of the public are going to turn on Obama. Our beloved Bush and fellow Republicans had eight years to get us into this mess, and I think most of us understand that it will take just as long, if not longer, to get out of this mess.
People will not turn on him,because He is not the one who caused this problem,what He is trying to do it comes from his caring for people.
I hope they all stop playing politics and grabb the bull by the horn and get going.
I'm not sure that this question has an answer. The economic situation is bad, and the press is hyping it, so it seems even worse. The Republicans have decided that partisanship is more important than bailing out the country. I think that a lot more Americans are going to blame Congress than the President if things don't start moving soon. Right now, Congress is the hold up–and has been from the git go.
If this doesn't work he will be like Bush 42, one term only and he will be out. people won't give him a second chance. If he makes all the right moves peolpe will want him for three or four terms.
After 8 years of George Bush and Dick Cheney, I think Americans are ready to cut this guy a little slack. No one I know thinks this economy can turn on a dime. And you can't say the guy hasn't been working his heart out since day one...24 days ago by the way...to fix things.
So many variables come in to play. The President could sign a terrific bill, only to have the States ineffectively squander their share, delivering failure. Many critics will never concede to any successes, denial at every opportunity, discounting what did work. I believe a large part of the Republican stalling is directed to promote delay, knowing the longer it takes to get the relief out there, the more likely it is to suffer failure.
Hey Jack. I`m shure Obama`s approval rating will drop some, but i think most americans are aware that the bush years have created hurdles for many president to come. I think that the GOP are the one`s that are doomed to fall if they continue to be nothing but obstructionist.
Unfortunately I think the prez is confused, and within 3 months his support will dwindle to that of bush.
what the situation needs is a leader not a facilitator, when his supporters realize he has no idea how to lead they will turn on him, from their own disappointment.
Americans are impatient: they want instant gratification. In fairness to President Obama, it seems like any stimulus package would need six months to a year to show major impacts. It took us eight years to create this mess, it could take even longer to fix it.
I think the public will gave obama a year to improve the economy,before they turns on him. Houston Texas
As the economy continues to spiral down and more people feel the pain of unemployment and bewilderment at our continued bank bailouts in the mega-billions–it will only take a couple more weeks.
Its hard to have confidence in the presidency, due to the last 8 years. But people have to realize Bush was the exception to what is usually a position of great skill and expertise in solving problems, no matter how big. Give him a chance, don't punish Obama for the past GOP's failed policies!!
Jack,it will be a great day when the honeymoon with congress,and two worst leaders in American history(Reid and Pelosi)is over!!Then maybe then the President will start thinking for himself,instead of being lead around by the nose by these two losers!!!!!
I give Obama three months to make some progress. He made an awful lot of campaign promises and the people expect him to live up to them. After three months his poll numbers will decline.
By the end of the year.
It took years for us to realize what a mess we are in and it will take years to get out of it. As long as there is some sign of life,I think the American people know that it may take 3-4 years to see real progress in our economy.
The honeymoon is over, the stimulus package is nothing more than an extremist radical social spending program that will financially bury our children... The honeymoon is more than over, it is time to impeach this fraud
He has a while because he even said it will be a long time to get things in order again. I think most people realize that, but MSM needs news............
I never remember in my life that a President start his career with so much promise but in so much turmoil. He never had a honeymoon the day after the election it seem like he had to take charge.
Yep, great question, public turns on Obama over the economy but tolerates no prosecution of War Cimes by Bush Adminstartiojn officials. We sure are loosing if not already lost the morale high ground.
Our problems didn't happen in three weeks so were not going to fix them in that time either. We all need to sit down with our children and share a book and some ritalin and grow some patience.
It is not Obama's stimulus package, it is the Senate's. Obama is, however, trying to do everything within his power to pull us out of an economic black hole while the Republicans are doing what they can to sink our ship. As long as Obama demonstrates to the public that he is working wisely and productively to what is best for us his ratings will remain high. Poll how Americans feel about these Republican obstructionists. I dare you.
Can you say yesterday?
One or two years will be fair because he did not create the crisis,
Let me count here, eight years of Republicans stealing from the middle class, versus about 3 weeks trying to clean the mess up. I truly hope Obama gives up the bipartisan bull and starts laying blame where it belongs. All he can do is try to make a start. If those jerks in the Republican party were of normal intelligence, we would not be in this mess. You were right a couple of days ago, when you were blaming Pelosi for the post election fumble, but this is a serious international crisis and no matter of a couple of months is going end it.
No, Jack. He will solve it and extend his honeymoon! I have confidence in him.
I don't think it's gonna last much longer. But, he's a big boy, he can take it.
Yes, it's over already. More and more are already getting fed up with his "Let'smake a deal" and "The price is right" speeches as he attempts to "sell" us taxpayers his 'Pig in a Polk".
I don't think it will shorten his Honeymoon, in my eyes its already ended it
I can't believe the mentality of the American people..... The poor President has been in office exactly 3 weeks and they have already doomed him...so much for patience... no matter how hard he tries the media will not give him a break... always digging and trying to stir up controversary where most of the time there would be none if they would just report the news instead of trying to make it....
To ask if Obama's Presidency has already failed is an idiotic question. To ask if the stubborn politicians dragging their feet on the Stimulus Plan (while managing to keep their heads up their behinds) have failed the American Citizen...That's a sensible question.
A better question is "Is Obama Hurting the Economy" He needs to attend to the business of being President and not politicking and scaring people into his point of view. So far I've seen very little in the way of Presidential behavior. We need a leader...not a panderer to fear and misunderstanding.
President Obama should be given at least 2 years since most think this recession started in late 2006- and included all of 07 some say more like all of 2006.
I don't know.
The title of Mr. Wolfs column is what is shocking. I don't think the meltdown will mean the end of Obama's presidency. Inaction and obstruction on the part of congress will hopefully mean the end of some long running careers. Term limits seem to be the order of the day for congress.
just give the man time jack. i actually belive the man knows what hes doing. and let him do his thing. and congress and the senate give him the chance. glen fancy farm,ky
President Obama and a handfull of men designed a plan in less than 1 month.
Congress and the senate with 200 plus bodies can not manage to review the bill in 2 weeks?
I think either the hill is lazy or broken. Either way they do not deserve to be working for the american public if it takes them so long to make a vital descision.
After all you could feed 200 old men Viagra and get them to review and understand the severity of the situation.
That's not the issue. The issue is putting America back together. This man actually believes his job is to do his best possible for America, we'll have to get used to this new concept. I think he was quite aware before taking this job, that America tends to devour its Presidents.
Three weeks in office and not a single miracle. I don't know how long the public will wait before demanding crucifixion.
They'll Give him 3 1/2 years Jack.
You are joking right?
President Obama inherited a depressed economy ( call it a recession if you want, but many economic experts have stated it is a depression as of last month, not a recession. )
The president is doing the best he can, and has done better than ANY president has for ALL of the American people, not just the rich, given over the last 3 weeks he's been in office.
The media only wants President Obama to fail so as not to undermine how badly George W. Bush actually did and what Bush did not accomplish, and so it gives the media something else to talk about.
Not sure about everyone else, but I am giving President Obama 4 yrs before I make a decision, because he has SO MUCH to contend with and clean up!
How long? Not long.
If the economy does not improve, Obama will be limited to one term unless he finds another way to impress Americans.
Enough with the hysterics!! The man just got into office, everyone knows results take time!
As soon as they find out that he doesn't walk on water
Jack, Obama is doing the right thing, but he can't do it alone.
So HIS honeymoon period remains strong, it is the Congressional honeymoon that was way over when the entire house Republicans voted NO on the stimulus package.
If they keep obstructing instead of CONSTRUCTING, their honeymoon will land in divorce court!
People will start to grumble and complain more in the next few months if the economy doesn't show strong signs of improvement but don't expect the people to "turn" on him. It's like being a passenger on an airplane when the engines go out. You don't throw the pilot out the window. You may just scream a little more.
How come Obama had all the answers before he was elected, and now he's the 21st century version of Chicken Little?
When people realize that all the bailouts and stimulus have left America in major debt and inflation not only will the honeymoon be over, but we might be asking for a divorce.
My god, is everyone in the news media so anxious to undermine the presidents efforts that less than a month into his term you are already saying its over? Stand back people, let the man work.
I don't think it will. Essentially, most people know that this economic crisis is enormous, and will take awhile to get out of. In the end, even if he does not manage to fix the economy, however unlikely, I think he will be fondly remembered for his hard and dedicated work.
After all the fear mongering he has put forth to get this so-called stimulus bill passed and if it proves to be just what it is, non-stimulating, the citizens would be foolish not to hold him responsible. I also found Senator Reid's remarks today infering that opposing this bill are unpatriotic is the height of arrogance.
I hope the American people will realize this country doesn't turn on a dime. Something this big will take time to fix. President Obama has said it might not even get done in one term. I think if we start seeing improvement within the next year or so, people will be more patient.
Of course obama's popularity will decrease if the recession does not begin to decline. It is inevitable for Obama to lose his populatiry becasue of the simple fact that this recession will not just disappear. It will not change in his first term of office, so whether he is re-elected is uncertain.
Obama has four years before the American people revolt. Wait, I'm already revolting..
I think he is doing a good job, I am dissapointed with the congress, the house particularly. When given the opportunity to prove they are better than their predecessors the come up with if you don't want to play my way then I'll take all my toys and go home. Seems like a long next couple of years until the mid term elections.
Obama has already lost my support. Most of this so-called "stimulus" bill is nothing but a massive pork program. His fellow Dems loaded it up and in his desperation to get something done, Obama is showing his glaring lack of experience.
It would be unfair to negatively judge Obama for trying to fix the wrongs of 8 years past. The mess was not of his doing.
For some impatient people it might,but anyone with an ounce of intelligence knows that you can't undo 8 years in a few months.
Based on his high level of confidence to solve all of our problems before his election, I give him until high noon, June 30th, 2009!
In this economy everyone's honeymoons are shorter! Anyone with a brain knows these problems were started long ago and can't expect miracles.
I am sure if the economy doesn't improve in the new future some contrarians will try and hang the unjustified blame on President Obama. But, hey how long should a honeymoon last? If my memory serves me right, mine was one week.
Jack, let's keep it real. We both know there are a lot of critics who want nothing more than President Obama to fail. These same critics can hardly stand themselves because they are having a hard time accepting the fact that we have a President who is sharp and intelligent, and very much on top of things (not to mention he's young, handsome, charming, and real). However, most Americans are eternal optimists, and are looking forward to doing whatever is necessary in bringing our country back from this brink. We're going to roll up our sleeves, and have a wonderful time along the way!
If I'm not mistaken, Obama hasn't been president for more then a month. The American public will need patience for an economic plan to work.
He has about a year. If things arn't looking any better by 2010. Than he has done nothing to help improve our country. It's gonna be tough but I believe in President Obama and I think we will see some recovery. Well compared to the last administration. I think he can't do any worse right?
About a minute and a half. No one is exempt in our gotta-have-it-and-gotta-have-it-now society. Patience is a virtue that, unfortunately, has gone by the wayside in our technologically advanced world.
He's got a ticking time bomb on his back...the only way he can disarm it is when banks lend, GDP increases, jobs and outsourcing are monitored for the benefit of the US. So uhhhh...yeah he's got about enough time until Sarah Palin makes remarks on the economy and a bid for 2012....uh oh!
Everyone (including the press) needs to stop the posturing and piling on immediately. The president's job is tough enough, and he is acting on the advice and counsel of leading economists from all over the political spectrum. These are challenging times, and our troubles are only compounded by the same old political blame games.
Hi my main man jack
I believe the ametican people will not turn on president obama. He's our only hope! Why would anyone turn against their only hope in a tragic time???
American taxpayers will give him all the time he needs as long as he keeps them in the loop. Unlike the media the public know how to spell hope.
Bush had 8 years. Why can't Obama have at least one?
I think the present Obama administration has been doing a commendable job. After watching John McCain's fumbling and bumbling the past few weeks, I'm confident that the American people made the best choice. Rather than shorten the so-called honeymoon, I expect that the majority of the American public will be more likely to give the Obama administration more time as long as they continue to be making decent decisions and acting positively. The mess will need to get cleaned up one shovelfull at a time.
Jeez your viewers are pretty harsh.,..as is this question..nothing like the media steam rolling an entire presidency before its 15 minutes old..it took us at least 8 years to get here..probably more..you think Obama is going to get us out of this in 5 minutes..give it a rest. H has moved swiftly and more graceful than any president ive experienced in my 44 years..give the man a break isnt it enough to have a man who is honest and truly for the people ..he will do good by us as a country he will work fast and swiftly..but there are no guuarentees here..its not why i worked for him for a year ..i just want a good man in that seat..and we have him..come on jack..get off your cynical behind and stand up and support the good guys..jennifer freeland los angeles ca..and a fan of yours from brooklyn
President Obama is on it. I can't see any other candidate from this last election doing any better. So for me, the honeymoon will last for as long as he is our President. I have never seen any President work so hard and be so connected. If he can't do it, not sure anyone can.
As long as the media portrays Mr. Obama as the Messiah in Chief all will be well. The unrealistic expectations of many Americans regarding the plans of the Obama administration will be a shock when those wearing rose colored glass to blind them of the truth wears out. When you begin a Presidency with tax evasion and scandal, trust is worn. Particularly when those tax evaders are given a clean slate to continue on when others in similar situations would of faced far greater legal consequences.
No-one is turning on Obama, He inherited tough problems from you know who. We the public will be on hand to help as much as possible to do what little we can to get this economy again. The honeymoon is not over!
He will have 8 years because that is how long the media will continue to blame Bush!
It took Bush 8 years to set the foundation for this horrible economy...and then sit back and watch it collapse...so let's give Obama at least half that time to fix it. I think that's fair.
I am not upset with the President at all. I am upset with the senators who are nitpicking and quibbling just because they don't like him. They are the ones who need to act like adults and come to an agreement so we can all move forward. The senate didn't want to waste money on the package the house passed so they passed one that's even more expensive. What?!?
Short answer: Obama has at least 8 years. Who reads the Financial Times, anyway.
History will be the judge of Obama's Presidency!!!!!
I'll give him as long to fix the economy as others gave W to screw it up, 8 years.
The President has eight years to get this country turned around.
Why do Republicans think anybody would want their plan? It will take us years to get out of the mess they have made on almost every letter.
I think these Republicans are doing nothing but playing their same old
nasty politics that we all hate.
I don’t think that President Obama had or will have a honeymoon period! He will spend all of his time digging US out the hole that Bush left behind!
The American people love President Obama. I am 55 years old and I have never seen a President work as hard as Pres. Obama has these past 3 weeks. America appreciates hard work. Obama did not cause this problem. When you have idiots like Lindsay graham, even Jesus would have trouble turning things around.
I don't blame Obama if the economy gets worse, I blame the Congress and Senate Republicans for continuing "politics as usual" and not stepping outside of the box to work towards solutions that will work and not use the same old philosophies of the past – it will take something innovative just like a new venture. It takes money to fund a new business – lots of it – and it will take a lot of money to get our economy thriving again and that means "spending" money. Not only do they need to concentrate on homeowners mortgages, but they also need to concentrate on helping people reduce their consumer debt so that will help consumers get back in a position to save and spend.
If the Republicans want to see their people get the help they need, then they need to work with and not against their Democratic counterparts – work towards the common goal and get the economy and Americans back into a position of security.
Depends on how much you're suffering. If you lose your home within 6 months they I would say you're not going to be very patient. If you are still working and hanging on, then you can give President Obama some wiggle room.
Jack, love you show, all i got to say is i lost my confidence in Obama the day he started appointing officials with tax problems. just because we elected you to these positions doesnt mean you can abuse them. American citizens will soon revolt about these ignorant bailouts, let these CEO's burn in thier own failures and greed.
It won't take long for the people to turn on President Obama, especially with the likes of Rush Limbaugh trying to convince people he has already failed. If he were George Bush, he'd have 8 years, no questions asked.
I do no think that the public should turn on him, but be patient with him. The economy has been a mess for years now and it will take longer than a month to fix that. i think it is selfish and ignorant of people expecting immediate changes because that cannot happen. It will take time and people need to realize that.
In a society full of inpatient people demanding instant gratification, I say he has until next month.
Sadly some people made their minds up Nov. 5th he was doomed, then on January 21st a few more, and then the day after he signs the package a few more will dislike the guy. I am one sees it in real life we didn't get here in one day and we sure as hell ain't goning to out in a day. Ask me in a year!!
Here is the thing Jack. Our president has told us that we need to get the stimulus packaged passed ASAP. He cannot force the house or senate to pass the bill. I think many citizens need to criticize their senators and representatives more so than the president. Obama is the leader of our country, but he needs a team effort to succeed in his goals.
By the way, it seems hilarious that everyone is happy now that the bill is under 800 billion. When you get down to the nitty gritty, is there really that big of a difference between 900 and 800 billion? It would seem people are maifesting some sort of a stigma with the 800 billion number. I say if we are going to do it, lets spend what we need to spend, not what people "think" we need to spend.
But what do I know, I am just the guy worrying about losing his job.
At some point.. his administration will have take the blame for the mess, especially if this stimulus plan does not jump start the economy.
I just can't wait to get my tax cut. He promised 95% of the Americans will get a tax cut. YES WE CAN!
Jack I think every reasonable person understands it took 8 years of lack of oversight and allowing our manufacturing base to get completely exported abroad to get us in this mess and we can't expect an overnight miracle. I think Wall Street's panic yesterday is because they have been given fair warning that oversight and accountability are going to be part of the plan, unlike the big Christmas present the first half was. My heart goes out to the folks out of work but I am confident we will see improvement sooner than later.
President Obama has a lot of time. Most Americans know that this economic mess started on someone else's watch. As an independent voter, I'm looking at the republicans in the house and senate acting on the wishes enunicated by Rush Limbaugh: Doing what they can to see Obama fail, no matter the cost to the voters. I'm beginning to view the republican party as so out of touch with their consitutents beyond the beltway, they're actually cheering for a pyricc victory. If the republicans think their obstructionist line will win 2010 mid-term elections, they're right....I'll be going for a straight Democratic ticket!
The president can only do so much, why now are we expecting more of this president? Others are willing to do nothing but procrastinate, and complain about the cost; at least he has stated what he would kike to see happen for the country and is trying to involve as many stakeholders as possible in the process. Can we say that about the pass administration about anything?
I'm still clueless on why anyone would approve of what he's done so far.
The honeymoon is nearly over,
The stimulus package is nothing more than a liberal spending program that will ruin our future as a world super power…
A better question might be:
"Is it too early to think about impeaching this fraud"
If President Obama wants extend his honeymoon indefinitely, he should be writing a cheque to each and every American. Except the fat cats on Wall Street. Put the billions of dollars in the pockets of the people where it will do the most good. They will spend it, they will make their own jobs, they will pay their mortgages and bills. Stimulate the people and the economy will follow. Maybe.
Jack, you can quote me on this.
Mr. President, you know this bill that is coming your way is a very bad piece of legislation. Show us the leadership promised and roast this piece of pork.
We are not going to "turn" on President Obama. He has already put forth more effert than Bush did over the past 8 years!. Our economy cannot be fixed overnight- We need bipartisan support in the House and Senate- The Republicans are still licking their paws and need to move on. We also need someone to investigate (in depth) our bankings' system of being able to manipulate the stock market-as was evidenced yesterday.
from Watsonville, California.
He's only been president for 22 days, for goodness sakes. Bushies blamed Clinton's policies for 9/11 even though it occurred 9 months after Bush took over. So I would say he has at least one year.
It took 8 long years and 2 wars, and incredible greed to get the American people into the fix that they are in at the moment. To expect any President to correct this in a year is the height of folly.
For a major newspaper to even make a suggestion like that in print, is totally irresponsible. it may take 4 or 5 years before the economy really rebounds, and I think that people who have any modicum of intelligence know that he cannot be blamed if the corrections in the market place do not take place within even a year.
He has asked his fellow citizens over and over again for their support...not these kind of negative comments just out of the gate. Ugh!
Why should we be conditioned to needing " instant soup,instant sleep,instant result"? Let's take a breather ,lean back,take a deep breath,and pray that every dark cloud like this one has,after all,a silver lining. Give it, and the new admistration some time govern folks!
Give the guy a break. He has done more in four weeks than Bush did in eight years. He never said this could be fixed overnight. If the Repulicans continue to be the "no" party recovery will most certainly take longer that necessary. Hats off to the three Republican statesmen/women in the Senate. The rest of the party could take a lesson in leadership from them.
Asking the American public's opinion on the stimulus bill is like asking them their opinion on nuclear fusion...they don't know what they're talking about! That's how we got in this mess in the first place. Hmmmm....this is the same public that took out loans that they couldn't pay back...right? And we're asking their opinion on global finance? Good. And the bill is how old? 1 day? SO we're asking naive folks about a bill that isn't even law yet. Let's see what other 'news' we can invent.
It took years for the American public to realize George Bush was duping them, we still don't know where the money from the Bailout went, Wall Street first robbed us and now is blackmailing us... and we want to critize Obama because he has not solved our "crisisis" in 2 1/2 weeks! Gime me and Obama a break!
Given his gift of communication, his determination, raw energy, and grace, he'll have a much longer acceptance period. But what's more important is that he's setting the right example so that we can all possess these skills in life. I'm very optimistic.
Give me a break Jack! How could you be possibly asking this question with a straight face? How long did it take us to get where we are? And we expect this man go come in and solve it overnight? This is a hugely complex issue. I say we give him at least 4 years. I'm amazed that the American public is already starting to judge Obama – he's being forthright, tenacious and honest regarding our economy which is far more than can be said for the previous 8 year administration that got us into this mess. Settle down America and let this man work!
Hell no the problem with the economy will not and should not reflect negatively against Pres. Obama. It has only been 3 weeks since he was sworn in and OMG so much is expected. It took 8 years for the last administration to put us in this financial fix, it will take longer than 3 weeks. People let the Pres. do his job and everyone else should be helping each other and not just sit and wait for the President to do it all. And on another note, I wish we could send the Banks and Wall street to hell.
What Honeymoon? The man has been in office 21 days, everyone knows how bad things are and that it will take time to fix all that's broken. Stop selling the American People short. We are not SPOILED BRATS.
No, I believe that the hooneymoon is over for banks doing their own version of a Ponzi Scheme. Our economy is a part of this nation's securty. Anyone who crashes our economy should be considered a terrorist. And what ever happened to the people we could trust wilth our money.
Common decency would dictate that we give him at least the same eight years that George Bush had. This mess didn't happen overnight, and I don't believe the public will turn on President Obama after he was saddled with two wars and a multi-Trillion dollar federal debt. I'm convinced that his priorities are in the right place. Jobs, health care relief and energy independence are crucial to everyone.
What Honeymoon. When he put liars, tax cheats, employers of illegals, father's of Anti-Americans, and is using taxpayers dollars to campaign for stimulus bill, he ended the honeymoon. I thought the campaigning ended in November. He should have flown to OK, not to cities with high umeployment.
You've always done a good job of asking the questions that need to be asked.
A lot of us are still in awe of what the economy has become. I live in NYC, and I'm shocked daily by the arrrogance of these people on Wall Street about their bonuses, they still feel entiiled.
Mr. President, please don't say, as I highly as I think of Obama, that it's, "shameful", what Wall Street has done. It is criminal.
President Obama is not a miracle worker, and I'm afraid that's what we need to get out of the mess we're in.
Jack, it won't be Obama taking it on the chin if the stimulus doesn't work, it will be the entire government. Throughout history governments have been overthrown for less than what Wall Street and Congress have done to this country in the course of a quarter century. We will rebel, how I don't know, but it will be our second revolution/civil war. Afterall, a majority of citizens have nothing to lose (literally) if they decide to fight the people who have impoverished and enslaved them.
Jack, this question makes no sense. This administration is only 4 weeks old. The president deserve enough time and patience from us before we start our whitch hunt. Cleaninng after George Bush's mess is like cleaning a hotel room that has been occupied by Spring Breakers. So, it may takes more then one term to fix this chaos.
He never had a honeymoon. Like a lot of people these days who get married and hold off on the honeymoon because they can't afford to take vacation at their job because they are not "full-time" employees he also had to get married (inaugurated) and then go back to work the next day.
I believe President Obama should be given at least two or three years for hs programs to take effect, after all, it took eights years to make our economy a catastrophy. It would be so much more helpful if the President did not have so many distractors politically , just for the sake of party lines,and stubborness to change of which is needed to restore our american way of life as a strong and virtuous Nation
One hundred days. After that all of the Gen-X, Gen-Y, and new mill kids might learn that Obama is just another poltician who can not or will not, deliver.
After that, can we get a fast and easy way of firing all of the "non-perfomers?"
It is totally unrealistic to expect President Obama to ride in like some knight in shinning armour and undo the sins of the past administration overnight!! It is also unfair to his 4 year term as our new president to label his tenure as a failure only 4 weeks into his time of service. Sure the economy is a mess, but what we really need is for everyone to BACK OFF (especially the 'doom & gloom' media) and let things be resolved the best way possible.
Anyone who thinks that three weeks is enough to determine a Presidency a failure is either a moron or trying to cause trouble.
He's been in power THREE WEEKS. Thats it, thats all. Its too early to tell ANYTHING yet.
Even Bush got years before calling his Presidency a failure and he's generally acknowledged as the worst President in at least the last hundred years. And people hate him more than Nixon.
So tell me, are people just stupid that they've decided to declare it a failure already?
No, it isn't a failure because he hasn't actually been able to do much.
My god, even my own job gave me three months probation, why can't you people give the President even three weeks before jumping all over like children screaming "failure failure".
Frankly, I think he's been doing just fine despite the haters and the trouble makers that keep trying to take him down.
Moderate Americans will expect to see some level of recovery by the time summer ends, and the days begin shortening.
This mess did not happen overnight. My degree in Macro Economic Theory (albeit 30 years ago) taught me that sacrifices must be made in the short term in order to obtain long term benefits. I am aware that much has changed in 30 years. The public consensus seems to be demanding immediate gratification. That is impossible. When you and the other prominent members of our mass media keep the focus on the short term, collectively the remedy will never meet to this unrealistic expectation. I am a fan of yours and usually agree with you 95% of the time. Let this one go Jack, it doesn't serve any positive debate.
What are we talking about now? The First 100 minutes? Come on, folks. Why not give him a chance?
Jack, your question assumes the public has other options. They don't. Who are they going to turn to, the Republicans? The difference between Geithner's plan and the Republican plan is the difference between burying your head in the sand and burying your head in the sand up to your ankles. Martin Wolf's complaint is that Obama's team is underestimating the problem and not being aggressive enough. And Wolf is an optimist compared to Nouriel Roubini who one of the only economists out there that has been consistently on target in terms of the depth and breadth of the problems we face. It's taken us three decades to dig this whole, it's probably going to take us a decade to claw our way out given the body politics resistance to dealing with reality. I'm sure there will be a lot of political casualties along the way.
The honeymoon is over, but we're still in love.
We all know that there is no quick and dirty solution to the problems that have been in play for years. Years.
It will take time to create jobs, restart the economy and get it running...get it running being the operative words here.
Some of the people have already turned, but that is to be expected. He can't use magic to undo this quagmire and abyss of moral and finanacial turpitude – 1-2-3! Ain't gonna happen.
I believe Obama's tenacity, commitment, intelligence and perseverence will endure.
Some will turn no matter what he does it will never be enough.
DrFrann in Los Angeles, CA
Obama continues to call this stimulus package, "my plan". He has stated this numerous times over the past two weeks. I urge everyone to remember this. So when it fails, you know who to blame. He will feel the heat in a matter of months for this colossal failure.
I think too many people are acting like the whole economy rests on Obama’s shoulder, and subsequently their opinion of his presidency. Business and Banking Owners, Investors, and Leaders need to be the ones to make changes in how they conduct business. Reinvestments in America need to be made instead of massive bonuses and payouts to the greedy. Congress and Corporate Fat Cats vote in their own pay raises, and outsource and legislate our jobs out to third world nations to increase their kickbacks. We the People need to be the ones to MAKE and MANDATE responsible fiscal change and accountability, and that may mean we need to boycott those that don’t do the nation good. Let them fail and go away. We can make better enterprises and elect politicians that are more in step with the nation’s needs and wishes. Power to the People.
How utterly absurd to ask if Obama has already failed. That's like asking if a quarterback has blown the game in the first five minutes of the first quarter! Even if he had fumbled the ball (which he has not) there is a lot of plays left in the game – maybe even some fumbles, but lets not pass judgement till a lot later in the game!
Obama has taken over a nightmare from the Bush Administration and this is not an overnight "miracle". However, I would have started with the Housing problem and I would have gone after banks to start lending. They have received "bailouts" and there is no excuse for them not to start lending. This fiasco with the Financial Institution CEO's and how they claim they have spent their money, is a waste of everyone's time. It is done and Americans do not trust them. We need to move on and stop this bickering and arguing and give this President a chance to try and stimulate the economy.
What people fail to realize is that it took eight years to build up the crash that is currently occurring in our economy. Unfortunately, expectations of Obama are very, very high and most people are very, very impatient.
People need to realize that it will take quite a while before this "economic mess" left behind by the Bush administration will be fixed.
So, to answer your question...not very long because most people want what they want when they want it. And what they want is relief, and they want it NOW.
Although I didn't vote for Obama, I'm amazed at how quickly the articles appear regarding his 'honeymoon' period. We actually expect a super-hero to swoop in and fix a CENTURY of GREED?
Many great nations in history have gone down in this manner.
Does anyone remember hearing our grandparents reflect on a time when people would leave their own crop-fields to band together with
neighbors and rebuild a burned-out family farm ? Think about it.
Judy in W.Texas
I don't think he is entitled to a honeymoon. The economy is a disaster that this government cannot fix, nor do they intend to. Mark my words Jack, this stimulus/spending package will not work. It does not pay to even write or e-mail their Congressman becxause they will not hear you anyway. This is the second time that the American People said we do not want this Stimulus or TARP and it passed anyway.
Oh, I would give him at least 24 hours, how about you Jack? Or is that too long?
He is a big boy. He knows he inhereted a team with a losing record, no quaterback and on NCAA suspension. Half the boosters hate him. He signed on for this, he knows it is an uphill fight and he has to block out all all the crowd noise/media and stick with his game plan, use the players he has and has recruited. Steal away some of the Allstars from other teams and play the game. Not many coaches make it to the Superbowl the first year in this situaiton.
Those that are well informed already know we're at least two years out. Bill Gates has even mentioned four. No real economist thinks one. So only the poorly informed will consider one year sufficient for recovery. Its up to the media to give real economist air time, to educate the reality on progress or lack thereof. The better informed the longer he'll have. We should be equally concerned that current efforts are not only short term, but the corrections must be directed at preventing a secondary collapse toward the end of his second term. The "stimulus" will do more to stop the freefall, than return us to the way we were. Americans need to really pay attention, ignorance is NOT bliss.
I love Mike C analaysis of whether the honeymoon for Obama is over. That should have been read on air
Not in my book. He is a man on a mission, and trying to do something constructive, and that is more than we have seen in the past 8 years..
This is not a good question at all. The public does think that President Barack Obama is going to do a Awesome job as President. You guys at the media need to stop swaying the public which way they should go. He will help create jobs who are for the working man and middle class people. Democrats have always been for the poor and working class people. Replubicans are for the rich and the elete.
We shouldn't be so naive and think that he (President Obama)is all might God and that he is going to come and fix this country that is literally in ruins after eight years of failed economic policies. Jack, why turn on President Obama, when the responsible of this mess is in his ranch enjoying a sweet retirement life when us Americans are on our own trying to survive. so my question to you Jack is, who is really to blame here if all the efforts fail? lets stop being so naive and lets bring the one and only responsible of this mess.
People need to understand the economics of this disaster. Right now, we are suffering terribly from lack of confidence!
I am an optimist, and I plan to do what I can to appeal to my fellow Americans, to SEE that ALL is not doom and gloom! We have been here before, not as bad but bad.
President Obama's 'honeymoon' may last many years, because he is a straight-shooter, he brings his case to the people. Going to Fort Myers, and speaking to a crowd that ......had....... not ......been screened (unlike Bush), was brilliant! The more Obama talks to us, the more he explains the better it will go for him.
I keep saying this.... America, we will get through this! Do not allow fear to cause despair!
It will take about three years. The 2010 mid terms, to get someone in there for Obama, and two years of Americans with their sleeves rolled up and gloves, from all the Elephant "dung" these RE-Elephant Neo Con Men, left OUR President.
Then it's on to a second term and some newer sweeter cars humming down our highways and roads. These "Diesel Geezers" refuse to let the future come in. Maybe they think, like I hope, they won't be around to enjoy it.
Our children deserve a good government, that cares whether they live or die, while attending school and catching colds and viruses, from other children.
WE AIM TO GIVE IT TO THEM SAFER, CLEANER AND BETTER PREPARED FOR THE FUTURE.
The best thing that Obama could do to solve this crisis is to let the American people know exactly who is destroying the economy right now. Although this crisis started in the credit and financial sector, that is at least an area that the Government could control and correct. It is now the fearfulness of the American people themselves cowering in front of the their TV sets watching gloom and doom on CNN 24 hrs a day who are driving the economy to destruction. Jobs are not disappearing because companies cannot get credit. They are disappearing because the American public is not spending money and consequently the real economy is collapsing.
Trouble is, to tell the truth would make his honeymoon very short indeed.
Has anybody ever let themselves think what John McCain and Sarah Palin would be doing at this point in time???
John would be reducing tax rates to 2% for corporations, capital gains taxes (who has capital gains taxes) to 4%, and Sarah would be yelling "Drill, baby, drill!" as an answer to the 1.3 million unemployed.
Roughneck jobs are paying well – $120,000/a year for a kid out of high school, but I don't think all those laid off Circuit City workers are heading to Wyoming.
Now that's a picture - it would be 4 years of Herbert Hoover all over. Of course there's one guy making $40 million a year and no kids to feed that would be happy–Rush Limbaugh.
The presidency is not and nor never will be considered a honeymoon. This process will strengthen Obama and his young administration. The decisions the new administration make now and moving forward pertaining to the US economy, will determine the success of Obama's presidency.
Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV.
About Jack Cafferty
Subscribe | Send Feedback