Friday, November 13, 2009

Investors.com - The $787 Billion Flop

Investors.com - The $787 Billion Flop

Public Opinion: Americans seem to know what their leaders in Washington either don't know, don't want to know or refuse to acknowledge — that the economic stimulus they foisted on us has been one big letdown.

Fully two-thirds (66%) of those surveyed in the latest IBD/TIPP Poll said the stimulus has fallen short of their expectations in creating jobs. A little more than one in five (22%) said it has met their expectations, and only one in 15 (6%) said it has exceeded their expectations.

This is not exactly news, given how the results so far compare with the promises made in January. That was when the president's economic advisers assured that unemployment, now at 10.2%, would level off around 8%. But it is worth noting for those in the administration and Congress who still think all the people can be fooled all the time.

Even Democrats are underwhelmed. As the table shows, 48% of them said the package has fallen short vs. 45% who said it met or exceeded their expectations. The same is true for self-described liberals.

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