Maybe there’s some hope after all. Perhaps Americans are starting to realize that the economy will recover without massive government spending. Notice as well that people support tax cuts. From Rasmussen:
Forty-five percent (45%) of Americans say the rest of the new government spending authorized in the $787-billion economic stimulus plan should now be canceled. A new Rasmussen Reports national telephone survey found that just 36% disagree and 20% are not sure.
According to news reports, only $36 billion of the stimulus plan had been spent as of late May.
Just 20% of adults say the tax cuts included in the stimulus plan should be canceled while 55% disagree. The stimulus plan includes $288 billion in tax cuts.
In this interview, JLF’s Roy Cordato explains the flawed thinking behind Keynesian economics, which the Obama policy relies on.
