James Pethokoukis

Politics and policy from inside Washington

The state of the union

December 9, 2009

It ain’t so hot, says David Rosenberg of Gluskin Sheff:

Things are so good in the U.S.A. that President Obama’s approval rating just sank to a new low for any president at this post-election juncture and Treasury Secretary Geithner is now seeking to have the $700 billion TARP extended to October. In fact, Obama wants to tap $200 billion from the program to fund a jobs initiative — let’s hope it turns out to be more effective than the last package that was supposed to cap the unemployment rate at 8%. It is rather amazing that here we are, 30 months after the onset of the credit crunch, and we see this as a headline on the front page of the FT: Obama to Boost Jobs With Bank Rescue Cash.

Comments

Why am I always being told to “continue reading” when there is nothing additional to read? If this is going to be on every post could you at least put something like “more below the fold” on each one that has more to read? That way we don’t have to click on every single link to see if we are missing anything. It makes no sense.

Posted by Mark | Report as abusive
 

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