Poll: Bush most unpopular in modern history

(Q) A new poll suggests that George W. Bush is the most unpopular president in modern American history.

A CNN/Opinion Research Corporation survey released Thursday indicates that 71 percent of the American public disapprove of how Bush his handling his job as president.

"No president has ever had a higher disapproval rating in any CNN or Gallup poll; in fact, this is the first time that any president's disapproval rating has cracked the 70 percent mark," said CNN Polling Director Keating Holland.

"Bush's approval rating, which stands at 28 percent in our new poll, remains better than the all-time lows set by Harry Truman and Richard Nixon (22 percent and 24 percent, respectively) but even those two presidents never got a disapproval rating in the 70s," Holland added. "The previous all-time record in CNN or Gallup polling was set by Truman, 67 percent disapproval in January 1952."

CNN Senior Political Analyst Bill Schneider adds, "He is more unpopular than Richard Nixon was just before he resigned from the presidency in August 1974." President Nixon's disapproval rating in August 1974 stood at 67 percent.

McCain & Clinton Fail Economics 101

I don't know why, but I always seem to be surprised by the pandering of politicians. I guess that makes me somewhat naive.

The latest bit of idiocy from two of the three candidates for the highest office in the land was a suggestion that federal gasoline taxes -- 18.4 cents a gallon -- be suspended from Memorial Day to Labor Day. To his credit, Barack Obama dismissed this as counter-productive gimmick. I don't have a horse in this race, but I am heartened to see at least one candidate is not clueless.

A quick lesson in Supply & Demand 101 for the Maverick McSame and Yoko: Strong demand and limited supply of a product lead to price increases. If you artificially lower the price of something -- i.e., waive taxes for a period of time -- all you will have accomplished was stimulating more demand. The higher demand and increased consumption eventually lead to even higher prices.

Hence, the expression the cure for high prices is high prices.

Put this plan into effect and long before summer's end, gasoline prices would have risen to the pre-tax holiday levels. Then, we slap that tax back on, and the electorate is pissed at you. Then, neither of you gets elected. Not only bad economics, but bad politics.

We have no energy policy, and none on the horizon. Candidates serious about the issue of high energy prices should be discussing increased CAFE standards, capital gains tax waivers for alternative energy investments, greater offshore drilling, Pigou taxes, rapid nuclear plant approvals, a huge increase in the basic R&D the government does on energy -- a Manhattan project for energy and transportation science.
Courtesy The Big Picture