Americans consider stimulus program a failure

More problems for President Barack Obama’s increasingly unpopular agenda: Most Americans now opose the stimulus program that was the linchpin of his economic recovery program.

A new national poll by CNN/Opinion Research shows 56 percent opposing the stimulus and just 42 percent still feeling the stimulus was a good idea.

The poll is a sharp turnaround from March of 2009 when 54 percent supported the stimulus and 44 percent opposing.

The dramatic shift in public opinion gives Republicans another shot in the arm as they focus on picking up seats in the House and Senate in the upcoming midterm elections. No Republicans in the House and just three in the Senate voted for the $787 stimulus package that has failed to deliver on the promise of many new jobs and other economic benefits to states and localities.

In addition, the numbers create new problems for Obama as he attempts to jump-start is faltering administration with a new focus on jobs.

The poll questioned 1,012 American adults from Jan. 8-10 and has a sampling margin of error of plus or minus three percentage points.

5 Responses to "Americans consider stimulus program a failure"

  1. dtotire  January 25, 2010 at 8:15 am

    It will take months before there is any appreciable improvement in the economy. Ultimately, it will succeed. By the end of 2012, the unemployment rate will be in the 8% range.

  2. sherry  January 25, 2010 at 12:34 pm

    dt, well my goodness, it was 8% before we did the second massive bail out. It was 7% before the first
    bailout.

  3. Carl Nemo  January 25, 2010 at 6:20 pm

    What I’d like to know is how much of this 787 billion has been frittered away to date?

    The bill passed by Congress authorized such expenditures, but it doesn’t necessarily mean it’s gone yet.

    The government has to borrow the money from foreign and domestic investors through the Treasury auction so it’s not available in one fell swoop. So again, how much of this authorization is left and if it’s a substantial amount then Obama & Co. needs to belay the spending thereof and keep their powder dry in the event something unforseen should pop up on the horizon in the near future.

    Unfortunately we’ll never hear Congress say we’re revoking further authorization of the use of said ‘stimulus money’. They’ll continue to mismanage this huge amount of money until “poof” it’s gone with our ‘challenged’ leaders having a “What, me worry?” Alfred E. Neuman look on their collective faces… / : |

    Carl Nemo **==

  4. woody188  January 25, 2010 at 10:52 pm

    Last I recall they had allocated or spent $343 million as of January 1, 2010, and had some $443 million left to spend through 2011.

  5. griff  January 25, 2010 at 9:05 pm

    At the time the Obama faithful were insisting we had to spend our way out of this recession after winning the elction campaigning against Bush’s deficit spending to fund the war(s). Duh?

    Not only are the wars ongoing, but deficit spending has tripled.

    Now we see that practically nothing was accomplished by this stiumulus except to handsomely reward the very people and institutions that created this disaster in the first place.

    Not only did we see unemployment rise by two percent since then, but millions of the stimulus funds went directly to moving more of our automotive industry offshore.

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