President Obama’s solutions to economic problems invariably involve more spending, but 86 percent of likely say that government spending has not helped them, according to a new poll.
“On the question of whether federal government spending has improved the overall economy, 74 percent say it has not helped, with 52 percent responding that it has actually hurt the economy,” The Public Notice announced yesterday after questioning 1,005 likely voters. “When asked how federal government spending has impacted personal financial situations, 86 percent of those surveyed say it has not helped, with 35 percent responding that it hurt.”
The Tarrance Group, the Republican-leaning firm that conducted the poll, added in its memo that “this pessimism over the impact of government spending is consistent throughout many key demographic groups that are frequently mentioned as ‘target’ voters in the upcoming Presidential election.”
Federal debt hit $16 trillion this year. Obama blames George W. Bush for the deficit, but The Washington Examiner’s Phil Klein argued last week that this reflects a “responsibility deficit” on the part of the president.
“[When Obama was inaugurated], the CBO projected deficits of $1.2 trillion in 2009 and $703 billion in 2010, for a total two-year deficit of about $1.9 trillion,” Klein explained. “The Obama administration went on to run deficits of $1.55 trillion in 2009 and $1.37 trillion in 2010, for a total of more than $2.9 trillion. In other words, in just his first two years, when Obama had a Democratic Congress that gave him virtually everything he wanted, deficits were $1 trillion higher than what the CBO was projecting when he was inaugurated.”