You're watching...
FBN’s Neil Cavuto on Americans’ lack of spending or investing showing their concerns about the economy.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Finally I'm always amazed how much -- mood decides our -- think about -- -- always negative guy who shockingly.
Never gets the promotion -- -- to maybe not even as Smart friend who does.
I think we are defined as much by how we think as what we do beat -- if you think about it how we think determines what we do.
If we're doubtful or even worried we don't do much if we're optimistic and not so married we tend to do much more.
Nothing profound and saying here but I think he gets back to the very essence of our problems here and this supposedly recovering here.
A lot of the same buying.
So we're not buying period others who are buying it and going crazy about it so it's not like -- -- buying like crazy to celebrate it.
That is the very definition of fear and greed my friends most of us are still afraid and not have to be remotely greedy -- don't get me wrong.
There are few brave optimistic souls who are quietly making big bets that likely will pan out later.
Some brave real estate investors who no doubt we'll brilliant at their hunch proves right.
Or do offices if their -- prove wrong.
Still the fact that so few are venture and so many more are still hoarding.
Tells me something they're worried holding their chance to -- and their own personal expansive plans even tight.
I think it -- explains the trillions of dollars in investor and corporate -- that is still sitting on the sidelines and the scores of supposedly eager homebuyers still sitting on the fences.
It is perhaps the most worrisome dynamic for one Barack Obama.
The recovery is happening.
But not nearly enough to convince Americans that they should be -- So they sit.
And he stews.
And therein lies the rub for a president.
Who is now dead even in the polls against a guy who only a week ago was considered Lucifer in pinstripes.
That was then this in now growing doubts about a president who isn't delivering the goods now or the recovery we think we should be looking at now.
That could change but more weeks out the doubts.
Are sinking in.
For Barack Obama.
It's not good.
