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Thursday, January 28, 2010

Obama Didn't Do Much to Bolster His Standing with Voters

During his State of the Union address tonight, President Obama touched on a number of topics that Rasmussen Reports has current polling data on measuring the attitudes of the American people.

In his speech, for example, the president called for taxing banks to repay bailouts. Most Americans like the general idea of a tax on large banks to help repay the bailout money. Voters think that only banks that received the bailout should pay the tax though, and 72% believe that other financial institutions like Fannie Mae and Freddie Mac should also pay the tax.

The president presented the $787-billion economic stimulus package as a success story. However, just 35% of voters believe the stimulus plan has helped the economy, while 31% believe it hurt. At this time, 39% are concerned the government will do too little to deal with the economy while 49% fear it will do too much.

Obama said the unpopular bailouts saved the economy. He’s right that they’re unpopular. By a two-to-one margin, voters still believe they were a bad idea. Voters are evenly divided as to whether they helped or hurt the economy in the short-term. However, voters overwhelmingly believe the bailouts are bad for the long-term health of the economy. - Rasmussen Reports

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