Barack Obama,  economics

Poll Watch: Support for Democrat/Obama Economic Stimulus Erodes to 37 Per Cent – Plurality Now Opposes

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The latest poll on HR.1 or S.1, the Democrat/Obama economic stimulus bill says a pluarlity of American voters now oppose the bill.

Support for the economic recovery plan working its way through Congress has fallen again this week. For the first time, a plurality of voters nationwide oppose the $800-billion-plus plan.

The latest Rasmussen Reports national telephone survey found that 37% favor the legislation, 43% are opposed, and 20% are not sure.

Two weeks ago, 45% supported the plan. Last week, 42% supported it.

Opposition has grown from 34% two weeks ago to 39% last week and 43% today.

Despite the declining support, 78 per cent of those polled believe the economic stimulus bill will become law within President Obama’s first 100 days in office. This includes 36 per cent that say it is very likely the bill will beome law.

The Democrats and Obama have the votes to pass the bill. They only need two GOP votes in the U.S. Senate to avoid a filibuster. But, the Democrats want more – they want political cover from the GOP.

And, they probalby won’t get it.

The House Republicans voted unanaimously against the bill and Flap doubts there will be little support from Republican Senators. There will be enough to avoid a filibuster but not the political cover that Obama desires.

So, what does this mean?

The Democrats and the president will get their PORKULUS or pork-laden stimulus bill with no GOP support. When the law fails to stimulate the economy and job losses continue, the GOP will beat Obama and the Democrats over the head with their poorly planned law.


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One Comment

  • Hal

    Fact is the government really shouldn’t be dabbling in saving the economy via more spending anyway.

    If most sane common sense folk were presented with a friend who was say 18 thousand dollars in debt and unable to meet his monthly expenses like, netflix, cable, season ticket costs, etc., we wouldn’t tell him to go out and get a personal loan and spend more money on a blue ray entertainment center and a sports car to get out of his problems. We’d tell him to work at cutting the luxuries, paying off debt, and saving. That’s what the government needs to do to. What it is doing is going to lead to inflation. I’ve been following the price of gold with the widget ExactPrice and I kind of get the feeling a fair number of investors are feeling the same way as gold is seeing some moves upward.

    I can only figure this is because so many are looking at it as a safe haven from the dollar which a number of economists like Sprott and Schiff are warning against. Whatever happens I know that I’m going to work at saving and debt elimination.