Monday, June 22, 2009

Public Confidence in Obama Stimulus Tanks!

From the Washington Post, "Confidence in Stimulus Plan Ebbs, Poll Finds":

Barely half of Americans are now confident that President Obama's $787 billion stimulus measure will boost the economy, and the rapid rise in optimism about the state of the nation that followed the 2008 election has abated, according to a new Washington Post-ABC News poll.

Overall, 52 percent now say the stimulus package has succeeded or will succeed in restoring the economy, compared with 59 percent two months ago. The falloff in confidence has been sharpest in the hard-hit Midwest, where fewer than half now see the government spending as succeeding. In April, six in 10 Midwesterners said the federal program had worked or would do so.

The tempered public outlook has not significantly affected Obama's overall approval rating, which at 65 percent in the new survey outpaces the ratings of Presidents George W. Bush and Bill Clinton at similar points in their tenures. But new questions about the stimulus package's effectiveness underscore the stakes for the Obama administration in the months ahead as it pushes for big reforms in health care and energy at the same time it attempts to revive the nation's flagging economy.
The tide is turning against this administration, and it hasn't even been six months. As Robert Stacy McCain asks, "What Part of 'It Won't Work'Is So Hard to Understand?"

Hat Tip: Glenn Reynolds.


Nick Stone said...

It's about time. Too bad we can't recoup that money. This is what happens when people vote with their hearts and leave their brains outside the voting booth.