Cut Taxes & Stop Spending
Based on this polling, support for President Obama’s economic policies is disappearing. Here’s something that Scott Rasmussen’s polling has found:
Fifty-one percent (51%) of Americans favor an across-the-board tax cut for all Americans to stimulate the U.S. economy, according to a new Rasmussen Reports national telephone survey.
Thirty-four percent (34%) oppose such a tax cut, and 15% are undecided.
Fifty-nine percent (59%) of both Republicans and adults not affiliated with either major political party think an across-the-board tax cut is a good idea. Democrats are fairly evenly divided on the wisdom of such a tax cut.
Here’s something else that Rasmussen’s polling confirmed:
Most voters (53%) believe increases in government spending hurt the economy, according to a new Rasmussen Reports national telephone survey. While that result is unchanged from last month, it’s up five points from 48% in January. Just 27% now say increased government spending helps the economy, and 10% say it has no impact.
In other words, a distinct minority of people now think that President Obama’s plan is the right plan.
What’s more important is that the business community is turning against President Obama:
It remains an open question whether the much-heralded “green shoots” truly signal a turn toward a U.S. economic recovery. What’s clearer is that the business backlash against government is well under way.
Not so long ago, business and policymakers alike were calling for Uncle Sam to step in and stop the bleeding—in the financial sector, at the automakers, in the housing and job markets. Most of the sniping that occurred came as various government figures criticized one another for doing too little. Now, however, the grousing is shifting to arguments that the government is overstepping that subjective line between helpful intervention and harmful meddling, including in areas where business only recently welcomed Uncle Sam’s dollars.
“They’re making business decisions in a way that is political,” John A. Allison IV, chairman of BB&T Bank, told BusinessWeek at a Beltway gala on June 11. BB&T was cleared this past week to return $3.1 billion in federal bailout money. “Where does it stop? The people making the decisions don’t have the knowledge of the industries, of the institutions, to make good business decisions.”
During the 2008 campaign, I read more than a few articles about how Big Business was siding with then-Candidate Obama. What’s the likelihood that they’ll side with him in 2012? I’ll bet that those people that were taken in with President Obama’s moderate-sounding speeches realize that he’s a manipulative radical of historic proportions.
It’s a safe bet that a significant portion of the people who supported him in 2008 won’t support him again because they’re worried that he isn’t done trying to control their businesses, either directly or through a stifling regulatory regime.
The thing that President Obama hasn’t figured out is that people want their freedom. That’s why they want tax cuts and lower spending. The people know that he’s pushing an anti-liberty agenda.
That’s why people prefer the government tax cuts and fiscal restraint.
Technorati Tags: Polling, Scott Rasmussen, President Obama, Spending, Tax Cuts, Liberty, Businesses, Overregulation
Cross-posted at LetFreedomRingBlog