Tuesday, December 22, 2009, 10:43AM ET - U.S. Markets close in 5 hours and 17 minutes.
But even Hindery, a former advisor to President Obama and John Edwards' senior economic policy advisor, can't deny the Democrats have stumbled.
"The lesson is simple: It's the economy, stupid," Hindery says. "Healthcare reform is an important issue...but the priority was misguided. I'm a strong advocate of universal healthcare but would have put it behind employment."
The issue is not so much the Obama administration hasn't created jobs but unemployed Americans "do expect the appearance is every effort is being made to reemploy them," he says. "I think we got away from that perception [due to] the overemphasis on healthcare."
As a result of these misplaced priorities, Hindery says the Democrats are likely to lose "large numbers" in the House in the 2010 mid-term elections.
The former CEO of AT&T Broadband (and it's predecessor TCI) holds this view in part because he doesn't think the economy will look much better a year from now, especially on the jobs front.
Hindery foresees the recession lasting into 2011 and an "L-shaped recovery" when it comes to jobs. This jobless recovery will be unprecedented in both its scope and duration, he predicts, as we'll discuss in more detail in a forthcoming segment.
Got to know Melia just loves this... "unemployed Americans do expect the appearance is every effort is being made to reemploy them. I think we got away from that perception [due to] the overemphasis on healthcare" and "the Democrats are likely to lose "large numbers" in the House in the 2010 mid-term elections" //////////// ////////// When one of them is saying this stuff, you just know it hurts, big time. Are you listening, Nancy P? Of course not, but many in her caucus surely are.
So he wants National Health Care?? I do to, but I don't want to pay for mine, I want the Public Sector Employees to pay for my healthcare. I work in the Private Sector. We pay for theirs with our taxes, so they should pay 100% of my healthcare premiums, with their income.......thats fair isn't it? I pay taxes for their free healthcare, and they pay for my healthcare, with their income. Simple and Fair.
So he wants National Health Care?? I do to, but I don't want to pay for mine, I want the Public Sector Employees to pay for my healthcare. I work in the Private Sector. We pay for theirs with our taxes, so they should pay 100% of my healthcare premiums, with their income.......thats fair isn't it? I pay taxes for their free healthcare, and they pay for my healthcare, with their income. Simple and Fair.
"I'm a strong advocate of universal healthcare but would have put it behind employment." This of course would imply that this administration and their idiot friends in congress have any idea how jobs are created-which, of course, they don't.
So he wants National Health Insurance?? Leo?? I do too, but I don't want to pay for mine, I want the Public Sector employees to pay for my healthcare out of their income. I pay taxes here in the Private Sector, to pay for 100% of their healthcare, so they should pay for 100% of mine with their income.thats Fair isn't it? They get free healthcare and a job with my taxes, and I get free healthcare from their income.
Nothing has changed since Rome; people want bread and games. Effectively, nobody in DC seems to be concerned about that.
National health care? frederal gov't "creating" jobs? why don't we just have Obama go door to door, feed us, put a diaper on us and put us to bed at night?
SEND A MESSAGE TO ALL POLITICIANS;......DONT BUY A THING FOR CHRISTMAS....YOU ARE OFF THE HOOK!!!..... JUST BE KIND TO ONE ANOTHER. CHEERS!
Although labels create dissension, people need a way to identify those prospective government representatives that share the same values as they do. The problem comes about when there are left leaning Republicans, right leaning Democrats, blue dogs, and a plethora of other terms used by the media. And then, after election some politicians do the old switcheroo and change party affiliations. That is cowardly to not face the People with their views before elections. It should be like comparison shopping. We need a side by side checklist of who is for or against what issue. Clear and simple. That doesn't look too likely in the near future. Also, as long as there are special interest groups and arm twisting by both parties to get "bi-partisan" votes, the People suffer. Take the health care bill for instance, a perfect example of incompetence and snake oil politics. The People should not be treated like mindless idiots. We should be able to read the billls before a vote. Ah, but then we would see the totally unrelated sections of funding for off the wall items that have nothing to do with the bill. Pork barrel politics should be stopped dead in its tracks. And the Ponzi scheme that is aka the federal budget should also be accountable to the People. As it is now, they do what they want and are taxing the People into the dirt. We don't even get to vote to stop the "automatic" pay raises for themselves. And they get to exclude themselves as a government employee from whatever legislation they want. We shouldn't be woried about Democrats or Republicans - we should be worried about politicians in general. Most all of them stink.
Interesting that this guy is a progressive. Intermedia holds a number of gun and hunting publications in its portfolio. Looking at the number of antigun, anti-hunting czars on Obama’s payroll, I wonder how his advertisers feel about his progressiveness?
Nice try guys. Read this NYT obituary. It is for a Democrat who represented NY-23 until 1979. http://www.nytimes.com/1990/09/14/obituaries/samuel-s-stratton-73-former-congressman-dies.html Of course hindery was an adviser for the white house. He doesn't seem to have a good grasp on the facts.
I HAVE HONEST QUESTIONS THAT I CANT FIGURE OUT:.........1.WHY HASN'T THIS MARKET COME DOWN TO PROPER VALUATIONS? WE ARE ALL SITTING AROUND WAITING FOR IT TO CRASH; WHY WON'T IT CRASH?.... ....2.WHAT AND WHERE ARE SPROUTS OF THE NEXT BUBBLE? 3.WHAT IS THE REAL UNEMPLOYMENT RATE?.....4. WHAT DOES THE AVERAGE FAMILY THINK AND HOW ARE THEY SPENDING?
Term limits. House Rep. 6 terms or 12 years. Senator two terms or 12 years. Make the POTUS one 6 year term. Both parties suck and only work for K Street and Wall Street.
How can it be an 'L' shape if we've had a 40% bump off of the lows... it's been anything BUT flat since March...
Wall Street got a bail-out; main street got the outhouse. Big Three Auto got the bail-out; main street got the bill. Mr. President, and your econ advisors: JOBS! JOBS! JOBS! Aren't you listening? Health care is nice but if you have no job to enjoy it when you're in need of it what good is it? Let me repeat: "JOBS! JOBS! JOBS!" The stimulus money: 'paid to claim success by giving raises to save jobs' What a crock.
He is a Democratic apologist but, you know what? He's got his facts straight and no lies. Some spin maybe, but I expect that from anybody in politics. Good guest, TT.
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
- Wednesday November 04, 2009 05:24PM EST
Wall Street Is Very Very Happy with Obama!