16 February 2009



I was wondering how Americans felt about the trillion-dollar so-called economic stimulus plan now that it has passed Congress and is headed for President Obama's signature. Remember that just a couple of weeks ago, a little over half of us, around 52-3% and according to the latest GALLUP poll published on February 11, 2009, public support had risen to 59%, mainly among Democrats,, were in favor of it. I checked out RASMUSSEN, and the results were surprising. The people Rasmussen contacted for the poll were voters. Here it is:

38% believe it will help the economy, 29% believe it will hurt it, and 24% believe it will have little impact. I couldn't find anything more current on the Gallup poll site than what I cited above.

AND . . . consumer confidence, which has been declining since early 2008, CONTINUED to fall to a record low AFTER passage of the plan. Apparently, John Q. Consumer isn't buying into the hype.

At any rate, that is a HUGE drop in very short period of time. It appears that voters looked at it and saw all the pork in for themselves. The major news sources have been detailing the pet projects that don't have anything to with the economy, and one broadcast I heard told about STIMULUSWATCH.ORG. Personally, I'm very surprised. Americans have traditionally not bothered to research things out, even with the ease at which it's available now. That's how Washington has "traditionally" gotten away with any and everything.

I'm sure President Obama, the Democrats in Congress, and the RINO's in Congress that voted for it are very well aware of these figures. They should be. Get this: 32% of the voters polled said they were more likely to vote for someone who supported the plan in Congress, and 35% said they were less likely to vote for someone who supported the plan in Congress. 35% is A LOT of votes. That can seriously cost some Congressmen and women their seats.

It seems that more and more voters are becoming disenchanted with the Obama administration's supposed remedy for our economy. There's no doubt that these voters included those who voted for Obama. I think there a lot of people who voted for Obama, but did not vote for the things he's doing. If that's the case, people should have paid more attention to Obama's campaign. Even though he's broken a number of promises already, he was quite clear about what he would do as President on many things. I think it just didn't register with a lot people, and now it may be.

I agree with the 29% and 24%. I think at the very least it won't make much difference. After having reviewed a lot of the plan myself, and watching newscasts on it, it's easy to see that it's mostly a huge spending bill except for about 7% of it. If this "plan" makes the economy worse, the Democrats (and the three RINOs) will totally own it. There won't be anyone else to blame since they have the majority in Congress and the White House. But, of course, the mainstream media will help the Obama administration spin it as a result of (here's that famous overworked phrase) "the last eight years."


Carolyn said...

Hi Dirk- you don't have to ask me what I think of it. But I think it stinks. It is going to destroy this economy eventually. If not this year,the ramifications will last a long long time (until Jesus comes anyway.) I know you're very busy, and I don't want to plug it here- so just come and read my series on it OK? God Bless~

Heli gunner Tom said...

If Americans don't understand the "Rule of 72" -- the magic of compound interest, they are doomed and very ignorant. That 'rule' in reverse is how credit card companies rip off the middle class and put them in debt forever with rates of 19 - 21% interest!! What you don't know can and will kill you! I was Securities licensed a while back and had to memorize hundreds of things/ concepts to pass my Federal exam.

Warm Regards,
Bro. Tom

Missy said...

Yeah.. I just don't get why these people WANT to destroy our country. Giving out all that money couldn't possibly be good for the economy...


ADB said...

Plugging one hole with another is what brought us all into this crisis, and pouring trillions of dollars into it won't plug this one. Neither will continuing the way things went under President Bush. So, what's plan B?

Mike said...

At the beginning of the economic downturn, I was optimistic about my own prospects. I, as a 22-year-old, and probably headed into law school, knew that the market would recover on its own, and by the time I was ready to go out and buy my own house, invest for my future children's education, start saving for retirement, etc., I would have ample opportunity to participate in a recently revived economy. But now, with the passage of this bill (and the next two $1 trillion bills: Tim "Genius" Geithner's TARP v2.0, and the FY 2009 budget), I'm seeing the possibilities for economic recovery dwindle, while my future tax-burden increases exponentially.

It's going to take a lot of hard work from everyone to overcome the long-term damage that will be caused by the short-term "stimulus."