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Tuesday, June 23, 2009

Stimulus Popularity Continues to Wane

The continued stream of stories related to projects funded by the stimulus, coupled with the failure of the legislation to halt the rise in unemployment, appear to be taking their toll on the popularity of the stimulus package, a new Washington Post ABC New poll found:
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. ...

With unemployment projected to continue rising and fears that the big run-up in stock prices since February may have been a temporary trend, fixing the economy remains the most critical issue of Obama's presidency -- and retaining public confidence in his policies is an important element of his recovery strategy.

The shift in public assessments of the stimulus package has clear political ramifications: At the 100-day mark of Obama's presidency, 63 percent of people in states that were decided by fewer than 10 percentage points in November said the stimulus act had or would boost the economy. Today, in the telephone poll of 1,001 Americans conducted Thursday through Sunday, the number has plummeted to 50 percent in those closely contested states, with nearly as many now saying the stimulus program will not help the national economy.

The falloff since April cuts across partisan lines. Confidence in the package's effectiveness has dropped from 81 percent to 73 percent among Democrats and from 32 percent to 26 percent among Republicans. Among independents, it has dropped from 56 percent to 50 percent. What was once a clearly positive assessment of the program among independents (56 to 39 percent) is now an almost even split (50 to 47 percent).
Here in New Hampshire, the most recent STEWARD poll found only 39% of the State’s registered voters believe our representatives in Congress acted in the State’s best interest when supporting the bill.

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