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Gallup: Only 38 Percent Support Obama Stimulus Plan

February 4, 2009 RSS Feed Print

A new Gallup poll finds that only 38 percent of Americans want the Obama stimulus plan passed without major changes. Nor do they have a whole lot of confidence in it:

While the majority of Americans favor Congress' passing some type of stimulus plan, there is remarkably little confidence on the part of the public that the plan would have an immediately positive impact on the U.S. economy. Americans are also pessimistic about the plan's potential positive impact on their own families' financial situations.

Me: This isn't that hard: a) cut payroll taxes; b) cut corporate taxes or put in an investment tax credit; c)suspend mark-to-market accounting; d) a capital gains tax holiday; e) loans to states and cites; f) targeted infrastructure spending.

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+1

soundtracks of AL 5:17AM July 17, 2009

That "most" economists agree government spending is the best way to stimulate the economy is complete balderdash. Even his own advisors disagree with that ridiculous notion. I submit the following:
"On November 24, 2008, President Barack Obama designated Christina Romer as Chair of the Council of Economic Advisers upon the start of his Administration. She is a Garff B. Wilson Professor of Economics at the University of California Berkeley. Her recent work has focused on the impact of tax policy on government and general economic growth. This work looks at the historical record of US tax changes from 1945-2007. She is a proponent of tax cuts over increased spending. Her analysis indicates we get a $3 to $4 dollar bump in GDP for every $1 cut in taxation. She concludes we only get a $1 increase in GDP for every $1 in increased spending."

djc-illinois of IL 1:04PM February 09, 2009

How sad to pit the rich against the poor. While we quibble over who gets what, and how much, the Washington insiders are doling out money for favors. Ask yourself this question, is it more efficient to give stimulus money directly to those who are suffering, or to government officials who pay themselves first and what ever is left over, to the rest of us? I thought the Tarp money was supposed to ease loan restrictions, bail out financial institutions and help people with their homes? I thought the stimulus checks mailed out last year was going to stimulate the economy? Now we have Stimulus 4 which will cost taxpayers another Trillion added to last years 2 trillion. With the National Debt at $10.8 Trillion rising at an alarming rate of $3.5 billion every day, Iceland went broke are we next?
I live in Michigan the state of last resort.........WP

William Pelak of MI 3:50PM February 08, 2009

Gallup: Only 38 Percent Support Obama Stimulus Plan

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