Americans Reject Keynesian Economics
Richard Nixon once said, “We’re all Keynesians now.” But that was a long time ago, and it’s certainly not the case anymore (if it ever was).
Richard Nixon once said, “We’re all Keynesians now.” But that was a long time ago, and it’s certainly not the case anymore (if it ever was).
Eighty-three percent (83%) of Americans say the size of the federal budget deficit is due more to the unwillingness of politicians to cut government spending than to the reluctance of taxpayers to pay more in taxes.
Apple Inc. sent the business world buzzing yet again last week with its release of its new tablet computer, the iPad. The latest Rasmussen Reports national telephone survey finds that the plurality of adults (43%) think Apple is more innovative than Microsoft in terms of product development.
With concerns about the economy and mounting federal deficits before them, 46% of voters nationwide favor an across-the-board tax cut for all Americans. The latest Rasmussen Reports national telephone survey finds that 35% oppose such a tax cut, and 19% are not sure.
President Obama has now turned his attention to the ballooning federal budget deficit, but a new Rasmussen Reports national telephone survey finds that a modest plurality of voters (41%) prefer a budget deficit with tax cuts over a balanced budget that requires higher taxes.
Americans continue to express little confidence in the U.S. banking system despite billions in bailout funding, but they’re not very worried about their own money in the bank.
Thirty-four percent (34%) of working Americans expect to be earning more a year from today, according to a new Rasmussen Reports national telephone survey. This level of optimism has been unchanged for several months now.
The Rasmussen Employment Index rose for the second straight month in January. At 66.3, the monthly measure of workplace confidence is up two points from the month before and up five points from a year ago.
Consumer confidence in January rose for the second straight month and has almost reached the levels enjoyed before the financial industry meltdown in September 2008.
Fifty-three percent (53%) of likely voters now believe that decreasing the level of government spending will help the U.S. economy. A new Rasmussen Reports national telephone survey finds that just 24% of voters think that cutting federal spending will hurt the economy. Eleven percent (11%) say it will have no impact, and another 11% aren’t sure.
A new Rasmussen Reports national telephone survey shows that 66% of Americans believe leaving their job will be their choice. That’s up a point since November and up five points from a year ago. Just 16% say their employer will decide when it’s time for them to go.
Americans are evenly divided over whether Ben Bernanke should stay or go, as the Senate moves closer to a confirmation vote on the embattled chairman of the Federal Reserve Board.
The latest Rasmussen Reports national telephone survey finds that 59% of voters nationwide believe cutting taxes is better than increasing government spending as a job-creation tool.
Most Americans favor the new effort by President Obama to recover the bailout money by taxing the nation’s largest banks. However, most only want the banks who received bailouts to pay the tax and think that other bailed-out institutions like Fannie Mae and Freddie Mac also should be taxed.
Voters are a little more concerned this month that the government will not do enough to help fix the economy and a bit more confident that last year's $787-billion stimulus plan has actually been a benefit.
A new Rasmussen Reports national telephone survey finds that 29% believe it’s more likely that GM will become profitable again rather than need additional bailouts from the federal government. Forty-five percent (45%) say the automaker is more likely to need more bailouts. Twenty-seven percent (27%) are not sure.
Twenty-six percent (26%) of Americans say they are at least somewhat likely to buy or lease a car in the next year. Just 12% say they are very likely to do so.
Americans continue to show little short- or long-term confidence in the housing market, and belief in a family home as an investment has declined to its lowest point yet.
Looking back, most U.S. voters still don't approve of the government bailouts of the financial industry and troubled automakers General Motors and Chrysler.
Americans are far from optimistic about the economy, but they have mixed emotions about how low it can go.