Wednesday, July 8, 2009

Rassmussen On The” Stimulus”

http://www.rasmussenreports.com/public_content/politics/obama_administration/july_2009/just_27_favor_second_stimulus_plan_this_year_60_oppose

Stimulus 1.0
45% say that the unspent money should be cancelled
31% said it helped the economy, 30% said it hurt the economy
76% say there is waste and fraud

Stimulus 2.0
60% of voters oppose it
45% of Democrats favor it

Democrats rule Washington, so that may make passage of Stimulus 2.0 easier than it seems. However, in order to sway public opinion, it may take a nasty financial shock (stocks prices tanking, California hitting the wall with reality, a major bank going under…)

Full Court Press 2.0
Paul McCulley (PIMCO) is now for it –
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_ncys9MsWD4

Steny Hoyer (#2 House Democrat) likes it –
http://www.bloomberg.com/apps/news?pid=20601087&sid=aakXV6No21_c

Obama likes it

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