Voters say stimulus did not stimulate

Pew Research:


Public perceptions of two of the federal government’s most sweeping efforts to right the economy could be contributing to the pessimism. More than six-in-ten (62%) say the economic stimulus package enacted by Congress last year has not helped the job situation, while about half (49%) say the government’s loans to banks and other financial institutions did not help prevent a more severe economic crisis. Meanwhile, the public sees little government progress toward fixing the causes of the financial crisis. About four-in-ten (42%) say they see just a little progress; 25% say they see no progress at all.

Substantial majorities of Republicans (79%) and independents (69%) say that last year’s economic stimulus has not helped the job situation. Even among Democrats, opinions about the effectiveness of the stimulus are not overwhelmingly positive: 51% say it has helped the job situation while 42% say it has not.


With lawmakers on Capitol Hill negotiating specifics of a financial regulatory overhaul, most Americans say the government has made little progress in fixing the problems that caused the crisis in the financial markets in the fall of 2008. Four-in-ten (42%) say it has made just a little progress, while 25% say it has made no progress at all.

There is more.

I think this is one reason why the Democrat focus on Wall Street is misplaced substantively and politically. They should be focusing on Fannie and Freddie and the mortgage loan business which Democrats screwed up to begin with because they insisted on lending to people who could not or would not pay.


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