Polls are not completely useless. Sometimes they can give us and politicians a useful snapshot of where the country is. Other times they tell us more about the people answering the question and their perceptions than they do about reality, CNN Poll: Majority of Americans say much of stimulus wasted,
A CNN/Opinion Research Corporation survey released Monday morning also indicates that 63 percent of the public feels that projects in the plan were included for purely political reasons and will have no economic benefit…
Feelings are important and perceptions in politics often count too much, so what about some facts. Economists Say Obama stimulus reduced our pain
President Obama’s stimulus package saved jobs — but the government still needs to do more to breathe life into the economy, according to USA TODAY’s quarterly survey of 50 economists.
Unemployment would have hit 10.8% — higher than December’s 10% rate — without Obama’s $787 billion stimulus program, according to the economists’ median estimate. The difference would translate into another 1.2 million lost jobs.
But almost two-thirds of the economists said the government should do more to spur job growth. Suggestions included suspending payroll taxes for Social Security and Medicare, increasing spending on infrastructure, enacting a flat tax on income and extending jobless benefits.
Even a room full of moderate to liberal Democrats would argue all day about the specifics of how, when and where dollars from the Recovery Act should have or should be spent, but the Recovery Act did prevent a much worse recession then we’re now having.
Today’s report underscores what the roaring stock market has been signaling all month, the worst recession since the Great Depression may soon be over.
Alan Valdes (Trader, Hilliard Lyons): “It’s like early in the year we jumped out of a plane, we were in a free fall, now we have the parachute open and we’re gliding down.”
Today marks four consecutive quarters of negative growth for the U.S. economy, which hasn’t happened in more than 60 years. But today’s improvement from the 6.4% plunge in GDP at the beginning of the year to a mere 1% today was dramatic.
Betsy Stark: “So, after a year of shrinking, do you think the economy is now actually growing again?”
Paul Krugman: “Yeah, things probably growing but, you know, at a snail’s pace. We are in recovery, [but] it’s going to be recovery that feels like recession to most people.”
“Without the intervention, without the bailouts, much as everybody hates them, I think we’d be in Great Depression Part II.”
Kinda good news for Democrats. Republicans remain a divided party,
Our national poll this week found that only 19% of voters in the country are happy with the direction of the Republican Party, compared to 56% who are unhappy with it. Even among independents, who have voted overwhelmingly for Scott Brown, Chris Christie, and Bob McDonnell 58% say they don’t like the direction the GOP is headed in.
Some of the comments at the link are the predictable drivel – trolls pretending to be Democrats who have suddenly become tea baggers because Democrats have become too liberal. We live in a country where the Conservative noise machine defines anyone to the left of Giovanni Gentile as too liberal.
Scott Brown, Fred Thompson and the Authenticity of Trucks. Pin-up boy Brown’s truck was like G.W. Bush’s sudden purchase of a fake ranch in Texas in 2000 ( which he sold as soon as he left office) a fake badge of fake populism. Fake values, fake understanding of the economy, fake concern for families and education and lots of uber nationalism passed off as patriotism. Fake is the only real thing about Conservatives like Brown and Bush.