The New York Times reports that “the Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good.”
Fifty percent (50%) of Americans believe the country will still be in recession at the end of 2010, according to a new Rasmussen Reports national telephone survey.
Economic confidence among America's small business owners was steady in December as fewer of them believed the U.S. economy was getting worse compared to November, and more saw conditions for their own businesses getting better in the next six months, according to the Discover Small Business Watch. The Watch index improved slightly in December to 77.0 from 76.5 in November.
Government employees are much more bullish about the economy than those who work in the private sector. That’s a big change from the beginning of the year when those on the public payroll were a bit more pessimistic than private sector workers.
With the Christmas shopping season over, Americans admit to being less comfortable using their credit cards online than in past years as their worries about identity theft remain high.
A new Rasmussen Reports national telephone survey finds that 30% of voters nationwide believe the $787-billion economic stimulus plan has helped the economy. However, 38% believe that the stimulus plan has hurt the economy. This is the first time since the legislation passed that a plurality has held a negative view of its impact.
Twenty-eight percent (28%) of Americans say they are using the U.S. Postal Service less this holiday season than in past years, but adults overwhelmingly believe there will still be a need for the Postal Service 10 years from now.
The New York Times reports that “economists across the political spectrum say a consumption tax may be inevitable once the economy fully recovers.”
Compared to the average government worker, most Americans think they work harder, have less job security and make less money.
Americans remain opposed to further government regulation of the U.S. financial system, even as President Obama and congressional Democrats move closer to passage of legislation that will give the government more oversight than ever.
President Obama hopes to use money still unspent from the $787-billion economic stimulus plan to fight the nation’s 10% unemployment rate, and one of the ideas on the table is to channel money to states to keep them from laying off public employees.
Support for a free market economy remains strong despite the extended recession and last fall’s Wall Street meltdown.
Transportation Secretary Ray LaHood recently floated the idea of increasing the federal tax on gasoline as a way to meet Congress’ growing list of transportation projects, but most Americans are cool to the idea.
Despite President Obama’s highly-publicized jobs summit late last week and a slight drop in the national unemployment rate to 10%, Americans remain pessimistic about the jobs situation.
Federal Reserve Board Chairman Ben Bernanke on Thursday voiced his opposition to legislation calling for regular audits of the Fed’s monetary policies, but 79% of Americans think auditing the Fed is a good idea.
Ben Bernanke begins the formal process tomorrow for confirmation to a second term as chairman of the Federal Reserve Board, but 41% of Americans think President Obama should name someone new to the post.
For many Americans, a house still doesn’t look like a safe bet for a home.
Economic confidence among America's small business owners plummeted in November, as more owners cited serious concerns about cash flow and saw economic conditions for their own businesses getting worse. The Discover(R) Small Business Watch(SM)index fell 12 points in November to 76.5 from 88.5 in October.
After three months of gains, the Rasmussen Employment Index dropped more than four points in November to its lowest level since July.
October’s exuberance over the housing market appears to have fallen back to the levels seen for much of this year, while long-term confidence appears to be trending down.
