Americans say no to stimulus
Powerline points out that while President Obama himself may still be popular, his stimulus package is quickly losing ground, with 62% of Americans favoring less spending and more cuts in the bill:
As Scott notes below, the tax cuts now included in the stimulus package are sub-optimal from an economic standpoint. But the poll data show that most Americans understand that the Democrats’ bill is essentially a power grab–a massive transfer of wealth from the private sector to government and the clients of the Democratic Party.
The President tonight was very harsh tonight in slamming Republicans for increasing spending over the last decade, and frankly it was largely deserved. However, Democrats are handing Republicans the chance to re-claim the mantle of being the party of limited government and fiscal responsibility.
Let’s hope next time we’re in power we won’t screw it up.
