CNN TV SCHEDULE ANCHORS & REPORTERS CONTACT US HLN

June 23, 2009

Confidence in Stimulus Plan Ebbs, Poll Finds

Posted: 04:08 AM ET

By Dan Balz and Jon Cohen
Washington Post Staff Writers
Tuesday, June 23, 2009

art.obama.ahead.giBarely half of Americans are now confident that President Obama's $787 billion stimulus measure will boost the economy, and the rapid rise in optimism about the state of the nation that followed the 2008 election has abated, according to a new Washington Post-ABC News poll.

Overall, 52 percent now say the stimulus package has succeeded or will succeed in restoring the economy, compared with 59 percent two months ago. The falloff in confidence has been sharpest in the hard-hit Midwest, where fewer than half now see the government spending as succeeding. In April, six in 10 Midwesterners said the federal program had worked or would do so.

The tempered public outlook has not significantly affected Obama's overall approval rating, which at 65 percent in the new survey outpaces the ratings of Presidents George W. Bush and Bill Clinton at similar points in their tenures. But new questions about the stimulus package's effectiveness underscore the stakes for the Obama administration in the months ahead as it pushes for big reforms in health care and energy at the same time it attempts to revive the nation's flagging economy.

Obama maintains leverage on these issues in part because of the continuing weakness of his opposition. The survey found the favorability ratings of congressional Republicans at their lowest point in more than a decade. Obama also has significant advantages over GOP lawmakers in terms of public trust on dealing with the economy, health care, the deficit and the threat of terrorism, despite broad-based Republican criticism of his early actions on these fronts.

With unemployment projected to continue rising and fears that the big run-up in stock prices since February may have been a temporary trend, fixing the economy remains the most critical issue of Obama's presidency - and retaining public confidence in his policies is an important element of his recovery strategy.

(Read More)

Filed under: Economy • Larry King Live • Politics • President Obama


Share this on:
Enough   June 23rd, 2009 8:58 am ET

Throwing money to the wind does not stimulate the economy. Anyone with a brain knew that before. It was an excuse for the Democrats to waste billions more of our hard earned dollars on their pork projects. We are finding out that the few jobs created are temporary jobs payed for with tax payer dollars. That is not job creation. What a crock and people actually fell for this hurried up mess.


Michael C. McHugh   June 23rd, 2009 11:30 am ET

Here again, Obama needs to explain that deficit spending and easy money policies from the Federal Reserve can break the back of a depression, as they did during the 1933-45 period with the New Deal and Second World War. Those are the only things that will work, and certainly not Republican free market policies, which have been tried and failed during the Second Gilded Age of the last 30 years. Even the Democrats like Clinton meekly went along with those, and we see where they have lead–although Obama can't say that too openly.


atsegga   June 23rd, 2009 1:28 pm ET

The Borgen Project has some good info on the cost of addressing global poverty.

$30 billion: Annual shortfall to end world hunger.
$550 billion: U.S. Defense budget


Deborah/Kansas City   June 23rd, 2009 1:45 pm ET

President Obama has said all along that this would be a long process, with starts and stops. That it would not be smooth. He aknowleged the auto industry was goin to make a big difference in the unemployemt numbers, that we had not yet seen. So far, he has been right about almost everything. I beleive in him and know he has Americans best interest at heart. Can you imagine how bad it would be if , McCain/Palin were in the Whitehouse. Let them eat cake would be the ecomonic plan.


Common sense is dead   June 23rd, 2009 2:05 pm ET

Gotta love all of you that want to "explain" it for Obama. Obama said it would be a long process..........ya think? Nice that you blindly support this man who's doesn't have a clue what he is doing. He is bankrupting this country with his scare tactics!


Michael C. McHugh   June 23rd, 2009 2:29 pm ET

This whole argument comes down to the point of whether FDR's New Deal were able to alleviate the Great Depression. I say that it did, even if Wold War II finally ended it completely, but in the 1930s and 1940s, we have absolute proof that deficit spending and easy money policies from the Federal Reserve can end a depression, as long as there is enough of it. Those who want to argue against that really will have to revise and re-write history to suit conservative, free market ideology.


LacrosseMom   June 23rd, 2009 7:26 pm ET

At our house, we support our president, who inherited the worst economic disaster since the Great Depression!

Some Americans....... some...... have believed the lies and fear propaganda of the far-right. Its too bad even one American has believed the lies spewed on Faux News or on the Limbaugh "show"!

Took eight long years for Bush to destroy the robust economy that Clinton left him. And it will take time to recover from the Bush Disaster!

NO........ Obama is not bankrupting our Nation......... BUSH did that!


Debbie Blood   June 26th, 2009 12:00 pm ET

My husban and I are scared for our country,for our children and their children. We as a nation have let congress,and the presdents who we have elected and put our trust in almost ruin our economy. It saddens me that so many jobs have gone over seas. My job was one of them. We also believe that printing money and giving it to big business, banks etc is not the correct step to take. I've seen corporate people get big bonses many times through the years and could never understand why. We the workers (all workers) have done the work. If it is so easy to print money (with little or nothing to back it up) why doesn't congress and the Presdents print more money and just pay off the national debt. We understand that is not possible but I do hope I have gotten our point accross. We thank Debbie Blood


M   July 10th, 2009 11:31 pm ET

Yes, he inherited the worse economy since the great depression but will it help if we keep printing money? Where did all the jobs go? What is his plan to create new jobs? What is his plan to bring back jobs for the citizens? We import more than we export. Where is the balance here? Stilmulus can help slow down the process of loosing jobs but will it stop? And we should not blame all to Bush. Bc he did what he thought was right at the moment. What would you have done different when 9/11 occured? So far no plan for bringing back jobs or creating new jobs but printing more money. Maybe we all should go to the Treasury Dept to apply for job bc printers are in need.


Ryan   July 13th, 2009 12:56 pm ET

I am one of millions of people out there in the process of going into foreclosure. i would like to make a comment about INDYMAC BANK!!!!!!!!!!!!!!!!! REFUSING ANY AND IN REPEAT ANY SHORT SALE OFFERS. MY QUESTION IS WHAT ARE THESE BANKS DOING WITH ALL THE BILLIONS OF DOLLARS THEY ARE GETTING TO HELP THIS SITUATION? AND I WOULD LIKE TO SAY I HAVE 2 OFFERS ON THE TABLE RIGHT NOW TO AVOID MY FORECLOSURE AND INDYMAC IS REFUSING EVERYTHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AS A TAXPAYER I WANT ANSWERS!!!!!!!!


Barbara Burton   July 23rd, 2009 3:33 pm ET

I am a regular viewer of Larry King Live, and as a lifelong Canadian citizen I feel the need to correct the misinformation stated three times last evening by E Chaney to the effect that under the Canadian medical system one does not have the right to choose one's medical care practitioner. This is definitely NOT TRUE, and I would suggest that someone truly knowledgeable about the subject be interviewed rather than someone spouting off with false information for political reasons. Any system has problems needing reform, and in ours we have long wait times for attendance of specialists and some new or experimental drugs not aproved for coverage as quickly as might be desire.But lack of choice of one's physician is NOT one of the problems. A bonus is that we pay sales taxes to cover the costs of basic hospital care at the ward rate, and those fortunate to have other plans can have semi-private or private room costs covered by those plans; and noone has to declare bankruptsy to pay for their health care.


Diane Swafford   August 6th, 2009 1:55 pm ET

I think it is very dangerous to hand our freedoms over to the goverment.Other socialist countries do not work.


Comments have been closed for this article

Keep up to date with Larry

Follow him on Twitter

Become a fan on Facebook

Contact us
Go Behind The Scenes

Producer

LARRY KING LIVE'S Emmy-winning Senior Executive Producer Wendy Walker knows what it takes to make a great story.

With anecdotes, provocative emails, scandals, show transcripts and insights into Walker's long working relationship with Larry King, her new book PRODUCER issues readers an invitation to listen in on the most intriguing conversations on the planet.

Order from:
Amazon
BarnesĀ & Noble
Borders


King of Hearts

Larry King's King of Hearts

Saving a heart a day is the goal! Learn more about the Foundation and it's efforts to help the uninsured

Visit the Larry King Cardiac Foundation.


subscribe RSS Icon
twitter
Categories
Powered by WordPress.com VIP