Editore"s Note
Tilting at Windmills

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January 10, 2009

GALLUP SHOWS STIMULUS SUPPORT.... There may be a bill to start scrutinizing early next week, but in the meantime, the general outline of Obama's economic rescue plan seems to enjoy generally strong public support.

A narrow majority of Americans favor the Democratic leadership's efforts to put a $775 billion economic stimulus package on President-elect Barack Obama's desk quickly after he takes office. A Gallup poll released yesterday found 53 percent in favor of such a bill, 36 percent opposed.

Broader majorities backed several specific components of Obama's plan -- including tax cuts for individuals, families and businesses and increased spending on infrastructure -- while fewer were in favor of expanded aid to state governments.

Along party lines, Democrats expressed broadest support for the overall plan (67 percent), followed by a slim majority of independents who backed it (54 percent); 34 percent of Republicans said they support the bill. Ideological leanings, however, further divide the GOP. Moderate and liberal Republicans were about evenly split on the plan (46 percent in favor, 44 percent opposed), while conservative GOPers tilted heavily against the package (68 percent opposed it).

Interestingly enough, spending on infrastructure was the single most popular aspect of a stimulus package, regardless of party or ideology. In all, 78% of Americans approve of increased infrastructure investment. It led Jed to note, "The lesson here is simple: it's not only good economics to fund every single "shovel-ready" (or nearly ready) reinvestment project in America through this stimulus plan, it is also great politics."

I think that's right, but I'm also curious what the polls would look like if Obama were talking about an even more ambitious proposal. A majority of Americans believe the president-elect is on the right track, and voters are prepared to endorse his plan. But I suspect this has less to do with the specifics and more to do with the broader political dynamic -- Americans a) appreciate the severity of the crisis; b) trust and like Obama; and c) expect a stimulus plan to pass.

When the dollar figure for Obama's plan is $775 billion, it enjoys majority support. But I'd hazard a guess that the polls wouldn't be too terribly different if respondents were asked if they approved of an Obama plan totaling $875 billion or $975 billion.

If Obama presents his case, and says the boldest plan possible is the necessary course, I suspect most Americans are willing to endorse the proposal, regardless of price tag.

Steve Benen 9:40 AM Permalink | Trackbacks | Comments (8)
 
Comments

I read this morning that Bushco is going to ask for the second half of the $700Bn allocated to TARP. This when they can't account for the first half. There must still be some bankers in danger of losing their private jets.
For my part, I'd rather see the rest of the TARP money pay for hiring people to pick up the litter along our roads and highways. At least we'd see some tangible results.

Posted by: Reverend Dennis on January 10, 2009 at 9:50 AM | PERMALINK

I grimace when I see polls like this. Better we should poll people on whether Cheney needs more heart surgery. At least I wouldn't care if they were right or wrong, or whether anyone acted accordingly.

Posted by: Danp on January 10, 2009 at 10:10 AM | PERMALINK

As for Bush and a request for more TARP money, someone needs to show him the IG report from yesterday. More on it at TPMM.

Posted by: Danp on January 10, 2009 at 10:15 AM | PERMALINK

53-36 is a "narrow majority"?

And what is up with not liking support to the states? That is the quickest way to get money into the system.

Posted by: Gore/Feingold '16 on January 10, 2009 at 11:18 AM | PERMALINK

I've honestly been wondering if the whole point of Obama's plan was to come out with something strong, but not too strong. That way, conservatives won't like it but can't howl loud enough to get non-conservatives to listen, but that Congress would want to step in and make the thing bigger. After all, it wouldn't do to have him come out with something big and then have Congress shrink it. It'd be better if he let Congress do their job by expanding it. After all, this is Congress's job, not the president's.

I've never understood why we've allowed the president to become the Prime Congressman, but he is still supposed to be in a different branch of government; a branch that isn't supposed to be passing legislation or spending bills. And if he is going to do this kind of thing, it'd be better that they're seen adding to his plan, not pruning it back. I'm not sure why folks have taken Obama's plan to be a problem, as he's not the one who'll be passing the thing, and it'd be best if we let the Congressional Dems spruce it up on their own.

Posted by: Doctor Biobrain on January 10, 2009 at 12:19 PM | PERMALINK

Will there be any interim job numbers before the February numbers come out? Everything we've read over the past two days says that January is going to be another blowout month in terms of job losses. Congress will be haggling over a measly $445 million stimulus spending package at the end of the first week of February when the new jobs report shows unemployment above 9%. Very bad.

Posted by: NealB on January 10, 2009 at 1:37 PM | PERMALINK

Interestingly enough, spending on infrastructure was the single most popular aspect of a stimulus package, regardless of party or ideology.

I think that everyone on both sides of the aisle can agree that having bridges collapse into the Mississippi during rush hour is a bad thing, so I'm not too surprised by that.

I'm also wondering if the $775 billion price tag is partly psychological since it's about $25 billion more than the bailout of the banks. Sort of like, "Look, we can bail out the entire frickin' country for only a little more than it took to fix the banking system. Don't you want to regulate them so they can't fuck up like that again?"

Posted by: Mnemosyne on January 10, 2009 at 3:35 PM | PERMALINK

Everybody loves free money, but if it sounds too good to be true, it probably is. Ask them how they like paying their share of the $600 billion we will be paying in interest on the debt, to among other lenders the Chinese so they can make nuclear submarines, and the response might be different. Sometimes you load the polls with questions that only have one answer. I forget the poll jargon they use for that.

Posted by: Luther on January 12, 2009 at 3:05 AM | PERMALINK




 

 
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