I’ve spent a lot of time talking about the current state of our economy, and while some conservatives have argued the economy really isn’t as bad as the so-called liberal media is making it out to be, now comes news that a majority of Americans think the economic stimulus package passed earlier this year has had no impact on the economy:
Fifty-six percent (56%) of voters nationwide say that the economic stimulus package passed earlier this year has had no impact on the economy. The latest Rasmussen Reports national telephone survey found that 57% believe that if Congress and the President do nothing more, the economy will be in even worse shape a year from now.
What’s more, a majority of Americans feel the economy won’t get any better even if another economic stimulus package is passed:
However, if another stimulus package is passed, just 17% believe the economy will get better and 21% say it will get worse. Most voters—54%–say that if another stimulus package is passed, the economy will be about the same a year from today. These general views of the stimulus package were largely shared across partisan and demographic lines.
Here’s my take on this: if a majority of Americans don’t believe the economy is going to get better within the next year, then they’re probably going to spend less and save more, which will end up weakening the economy even more than it already is. It’s going to end up being nothing more than a self-fulfilling prophecy.
You’re absolutley correct, Zach. Another sure sign that the economy is going south is people unable to even keep gas in their cars.
What we need is a Wally World on every corner. That’ll fix it right up.
capper, I couldn’t agree more. I’m going to call Wal-Mart and see if they can bulldoze South Milwaukee High School and slap a store on that land.
After all, we could sure use yet another Wal-Mart here on the south side, especially given the fact that we only have 9 Wal-Marts within 20 miles of us.
Speaking of stimulus checks, it’s unfortunate that our government doesn’t do something a little better than handing money back.
You see, while I might be getting $300 back in a stimulus check, I’m losing money in stocks and in gas. Where’s my compensation for that?
Do I think the economic stimulus package is going to get our economy back on track? No.
Do I appreciate getting $1,800 of my money back? Absolutely.
Do I like the fact that I’m paying $4.00 for a gallon of gas and I’ve seen my deferred compensation take a nose dive? Not at all.
Sure, I appreciate my stimulus check, but as you said, I think something more/better could have been done.