I'll let Rasmussen set it up:
Democrats are still trusted more than Republicans to handle the economy by a 44% to 39% margin, but their advantage on the issue has been slipping steadily since November...
In the first poll conducted after Barack Obama was elected president, the Democrats held a 15-point lead over the GOP on economic issues. In December, their lead dropped to 12 points. In January, prior to Obama’s inauguration, Democrats held a nine-point lead on the issue.
Support for the $800-billion-plus economic stimulus plan put forth by President Obama and congressional Democrats has fallen over the past month. Although the plan has passed the House and the Senate, the overwhelming majority of voters are not confident that Congress knows what it’s doing with regards to the economy. The Senate and House versions of the stimulus plan will now be the subject of a joint conference to work out a package that both chambers can agree on...
When it comes to taxes, voters say they trust the GOP more by a 44% to 41%, after the parties were tied on the issue in January. Related polling on the stimulus package showed that most voters wanted to see a plan with more tax cuts and less government spending.
It's become clear that the voters turned to Democrats because they had forgotten how damaging Democrat economic policies are. And now that they're getting a reminder, buyer's remorse is starting to set in. While they may have hoped for change - for something other than economic salvation in the form of a big government wish list of spending items that date to the Eisenhower administration - they're starting to see that Democrats offer nothing more than the tired old statist solutions. For health care, energy, the economy, education... you name it, the only solution is more Washington intervention. And as Democrats continue to deliver more of the same, the voters are going to become more disillusioned.
Nearly 70 percent of all voters lack confidence that Pelosi and Reid know how to navigate their way out of the current recession. They better hope that the business cycle comes to their rescue before the midterm elections, because it's clear they have nothing to offer. That won't get any better when they try to tackle the rest of their agenda. And if Tim Geithner's performance is any indication, the situation won't be improved by letting administration spokespeople take the lead role.
The only real solution is to try to get Republican buy-in on each of the major initiatives the Democrats undertake from here on out. If Congress genuinely pursues bipartisan solutions, Republicans will have little choice but to provide 'political cover.' I don't think we need worry too much about that however, Congressional Democrats seem to have decided on a course of action that largely leaves Republicans on the outside.