Fifty percent (50%) of U.S. voters say the final economic recovery plan that emerges from Congress is at least somewhat likely to make things worse rather than better, but 39% say such an outcome is not likely.
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 Discover U.S. Spending Monitor rose 1.2 points in January, mainly due to a slight increase in economic confidence from consumers. The rise in optimism was largely offset by continued restraint on spending intentions, as consumers, buffeted by dismal housing, labor and financial news continue to keep a tight hold on their purse strings.
Americans have a much dimmer view of each of the Big Three automakers than they did two years ago, but 41% still believe the U.S. automobile industry is very important to the financial stability of the overall economy. That, however, is down from 49% in 2007.
The Rasmussen Employment Index, a monthly measure of U.S. worker confidence in the employment market, fell six more points in January to 61.1. That’s the fourth straight month that the Index has fallen to a record low. Since September, workplace confidence has fallen 27 points.
Eighty-eight percent (88%) of American adults say the executives of companies that need federal money to stay in business should not receive bonuses. A new Rasmussen Reports national telephone survey found that only eight percent (8%) believe the bonuses are okay while five percent (5%) are not sure.
Public support for the economic recovery plan crafted by President Obama and congressional Democrats has slipped a bit over the past week. At the same time, expectations that the plan will quickly become law have increased.
Sixty-one percent (61%) of American workers say that if they leave their current job, it will be their choice, a significant drop in confidence from four years ago.
Thirty-seven percent (37%) of Americans say it is better to work for the government than in the private sector in the current economic climate.
Paul Krugman, last year's winner of the Nobel Prize for economics and a regular columnist for the New York Times, recently wrote that you should “write off anyone who asserts that it’s always better to cut taxes than to increase government spending because taxpayers, not bureaucrats, are the best judges of how to spend their money.”
Fifty-seven percent (57%) of voters nationwide say that tax cuts generally help the economy. The latest Rasmussen Reports national telephone survey found that only 17% disagree and believe that tax cuts will hurt the economy.
Apple CEO Steve Jobs has had the business world in a tizzy for months wondering about his mysterious illness, but 41% of Americans say the innovative technology company he co-founded will do fine without him.
The U.S. Senate on Thursday, at the urging of President Bush and President-elect Obama, released the second half of the $700 billion financial sector rescue plan, approved last October and known officially as the Troubled Asset Relief Program (TARP).
Will he or won’t he – go to jail for life, that is?
Just 37% of Americans are even somewhat confident that their political leaders know what they’re doing as they try to address the nation’s economic problems.
Fifty-eight percent (58%) of American adults are opposed to a government economic recovery plan that does not cut taxes, according to a new Rasmussen Reports national telephone survey.
Despite the fact that President-elect Barack Obama promised billions of dollars in tax breaks as part of his economic plan, just 21% believe their taxes will go down during his presidency.
Americans are solidly optimistic about the economy’s recovery, but most expect it to take up to five years to come back.
A majority of voters (54%) believe a major government economic recovery plan is necessary to restore the U.S. economy to good health.
The Discover U.S. Spending Monitor fell for the fourth consecutive month in December, declining more than three points to a new low of 76.6 (based out of 100). Both components of the monthly spending index - consumer confidence in the U.S. economy and consumer spending intent - reached new lows during the month, as concerns about the economy may be weighing on post-holiday spending plans.
