A New Low

 

 

by Larry Levin

 

Congress is doing a bad job.  You know where I stand on that clown-posse, but as it turns out most Americans agree with me.  In the following article we read about the Rasmussen poll, with a few highlights below.
 
Congressional Performance:

http://www.rasmussenreports.com/public_content/politics/mood_of_america/congressional_performance

Voter approval of the job Congress is doing has fallen to a new low - for the second month in a row.
 
Just six percent (6%) of Likely U.S. Voters now rate Congress' performance as good or excellent, according to a new Rasmussen Reports national telephone survey. Last month, Congressional approval ratings fell to what was then a record low with eight percent (8%) who rated its performance good or excellent.
 
Sixty-one percent (61%) now think the national legislators are doing a poor job, a jump of nine points from a month ago. 
 
Most voters don't care much for the way either party is performing in the federal debt ceiling debate. The majority of voters are worried the final deal will raise taxes too much and won't cut spending enough. 
 
Only 11% of voters believe this Congress has passed any legislation that will significantly improve life in America. That ties the lowest ever finding in nearly five years of surveys, last reached in January 2009. Sixty-nine percent (69%) think Congress has not passed any legislation of this caliber, a six-point increase from June and the most negative assessment ever. Nineteen percent (19%) are not sure.
 
With divided control of Congress, neither party's voters are very happy. Eight percent (8%) of GOP voters give Congress positive marks, compared to five percent (5%) of Democrats and six percent (6%) of voters not affiliated with either of the major parties.
 
No doubt people are upset but who wants to bet me that most of these clowns will be reelected?  

 

 

Trade Date: 7/26/11

E-Mini S&P Trades*

(before fees and commissions):

1. VA buy @ 8:39am at 1331.25 = +1.00 & b/e (2 lots)

2. 80% buy @ 9:19am at 1327.50 = -.25 & b/e (2 lots)

3. FT buy @ 1:41pm at 1333.00 = -.50 & -.25 (2 lots)

4. VA buy @ 2:24pm at 1331.00 = -.25 & -1.00 (2 lots)

5. Algorithm positions (2)

6. "Reading the Tape" positions (2) ...combined Secret's, Algo, & "Reading the Tape" total...-1.25

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