Landmark overhauls may not help Democrats at polls (Tom Raum Alert!)

AP on Yahoo ^ | 5/24/10 | Tom Raum - ap

[NormsRevenge]

WASHINGTON – Anxious and angry, Americans are not in a congratulatory mood. That's bad news for President Barack Obama and his Democratic allies.

After winning a landmark health care overhaul earlier this year, Obama now stands on the brink of seeing Congress approve the most far-reaching overhaul of Wall Street regulations since the 1930s. Democrats aim to put it on his desk by July 4.

Yet with the economy still wobbly and the stock market retreating, Americans remain nervous about the possibility of a double-dip recession. They have seen few concrete benefits yet from the slow-to-unfold health care law. Likewise, it may be some time before Obama can point to results from the advancing legislation to rewrite the rules that govern Wall Street.

Senate passage last week of the financial overhaul bill was "another big win for him. But the problem is that, in terms of his standing in the eyes of the public, both these enormously far-reaching pieces of legislation are going to take quite a while to play out and to begin to affect the lives of Americans," said Ross Baker, a political scientist at Rutgers University in New Jersey.

In the meantime, there's plenty for people to worry about.

[NormsRevenge]

US President Barack Obama speaks during a summit in Washington, DC, last month. Obama will call on Congress to take an axe to bloated spending and the pet projects of lawmakers, as he seeks significant budget cuts in a bid to chip away at the huge deficit. (AFP/File/Saul Loeb)

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gubamint deficit chippers don't come cheap .. could be a messy one ahead.. and then, November.

[cardinal4]

Senate passage last week of the financial overhaul bill was "another big win for him. But the problem is that, in terms of his standing in the eyes of the public, both these enormously far-reaching pieces of legislation are going to take quite a while to play out and to begin to affect the lives of Americans," said Ross Baker, a political scientist at Rutgers University in New Jersey.

Explain to me again why the Ivy League schools are better than state schools..

[NormsRevenge]

add to the stew .. on the Korean Peninsula..

wonder how O's laser is working today.

People watch a live broadcast showing South Korean President Lee Myung-bak's speech at Seoul Railway Station May 24, 2010. Lee said on Monday North Korea would pay the price for sinking a South Korean naval ship and that the South would invoke its right to defend itself if Pyongyang waged aggression again. REUTERS/Jo Yong-Hak (SOUTH KOREA - Tags: POLITICS MILITARY)

[Gasshog]

seems everytime Obama is winning We the People are losing.

[Gorzaloon]

""The public has come to believe the stimulus bill and financial bailout were of no use in helping the economy, contrary to evidence suggesting otherwise."

Oh, give it up. ESAD.

[Adder]

They have seen few concrete benefits yet from the slow-to-unfold health care law.

Thats because there are none.

[Buckeye McFrog]

so....he is going to fail because he is not moving the ball towards Socialism fast enough?