Cheap loans, Obamanomics make someone happy
What does Obama's win mean to you (photo by flickr)?
People looking for help when their budgets are overstretched have options, thanks to cheap loans. But despite his pledge to heavily regulate useful products like these, President Obama still finds favor with Americans when it comes to his economic policies.
A Reuters UK report by JoAnne Allen shows that according to public opinion polls, “large majorities” of Americans remain on board with the president’s plans to revive a sagging economy. His bipartisan approach has also gained favor.
Americans are optimistic
A Washington Post-ABC News poll found that 68 percent of Americans approve of how Obama is doing, while 64 percent support the $787 billion economic stimulus package and the foreclosure support package. A New York Times/CBS News poll marks 63 percent as Obama’s current overall approval rating, with over 75 percent of Americans claiming they’re “optimistic” about the next four years
Among the things both polls had in common was that they found that Obama had widespread bipartisan support. On the flip side, those polled were quick to find fault with Republicans for their divisive stance. Sixty-three percent of them felt Republicans had “opposed the economic stimulus package for political reasons rather than policy concerns.” As anybody knows about politics, however, opinion loans itself cheap; it’s a matter of which way the wind is blowing.
Will the stimulus help?
Interestingly, while 62 percent think the stimulus will help local economies, only 46 percent think it will help them personally.
The ABC News/Washington Post national telephone poll consisted of a 1,001-adult sample taken over four days. The margin of error for that poll is three points. The four-day New York Times/CBS News poll included 1,112 adults, and the margin of error is also plus or minus three percentage points.
President Obama definitely has a long ways to go before proving to the American people that his policies will right the sinking ship of the economy. Time will tell, and even so, skeptics abound. Yet if he continues to focus on the big picture rather than cracking down on short-term consumer products like cheap loans, that will be some small consolation.
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I’ll tell you, I hope it does succeed in turning the economy around to one degree or another. We are facing some of the worst economic climate in living memory, and even though consumer spending has jumped a little bit, it still won’t be enough. We have to get jobs created, and sooner rather than later. I don’t understand why anyone would wish him to fail.