The Pathetic Pelosi led Democrat Congress scored the astonishing, amazing, sensational and…single digit approval rating of a just 9%.
In fact says Rasmussen Reports:
Most voters (52%) say Congress is doing a poor job, which ties the record high in that dubious category.
My friends at FreedomWorks had some ideas as to why this rating is so low:
While there are a lot of things that could be attributed to this continuing downward spiral, here is a list of 5 Congressional activities (covered by FreedomTalks) from the last six months that might have played a role.
1.) Failed Earmark Reform: Despite efforts by Senator Jim DeMint, Congress was unwilling to pass a bill that would place a one year moratorium on earmark spending.
2.) Attempts to Pass Cap and Trade: Even though gas prices were looming at $4 per gallon, the Senate still tried to push a bill that had the potential to raise the price of gas by $.50 per gallon. Luckily, this was blocked and removed from the floor.
3.) Federal Reserve/JP Morgan Chase Bear Stearns Bailout: Bear Stearns was clearly bankrupt, but the Federal Reserve’s loan allowed J.P. Morgan Chase to eventually offer $10 a share for the firm. That represents about a $1 billion windfall to Bear Stearns shareholders, who should have been wiped out completely for owning an insolvent investment bank.
4.) Dodd/Countrywide Housing Bailout with Hidden Grassley Provision: Despite having received two VIP loans from Countrywide Financial, Senator Chris Dodd is still pushing a bill that would essentially bail them out. On top of that, buried deep inside this bill was a provision from Senator Charles Grassley that requires companies like PayPal, Amazon, etc., to track, aggregate, and report information on nearly every electronic transaction to the federal government.
5.) Bloated Farm Bill: Billions in subsidies that hurt taxpayers and play a role in the increasing price of food is only one of the many problems with the 2008 Farm Bill