The price of failure
No one seems to approve of Congress, The President, those running for President, The Fed, The Treasury, Wall Street, Banks or almost anything else these days.
Interestingly, while a majority of people disapprove of the job Congress is doing, almost all of them get reelected every time they run so it must mean that their Congressman is just fine but it's all the others who aren't.
Here is an interesting take on the political folly displayed by Congress by Gerald Seib writing in the WSJ Online.
"The country has learned in recent weeks the price of financial failure. Now it will learn the price of political failure."
Mr. Seib goes on to say, "American voters, who didn't like the plan in the first place, will like even less the discovery that Washington's response to their concerns was to collapse into genuine dysfunction. Three-quarters of Americans already think the country is on the wrong track, and the same share disapproves of the job Congress is doing. Before Monday, it seemed unlikely those numbers could go much higher. They can, and now probably will." (emphasis added)
Please read, Dysfunction in Washington Exacts a Heavy Price.