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Bloomberg: Public Says Nobody Has Effective Plan for Economy

H/T: Politico for the link…

A recent poll of 1,051 adults shows that the President’s work on the economy is falling short — but that the Republicans aren’t regarded much better.

Americans say President Barak Obama lacks an effective strategy for improving the U.S. economy. They have much less confidence in the Republican vision for success.

By a margin of 51 percent to 40 percent, a Bloomberg National Poll shows Americans say Obama lacks the right formula for long-term growth, a goal he presented in his State of the Union address with the phrase “win the future.”

The Democratic president still does better than Republicans: When asked who has a better vision for the years ahead, 45 percent of poll respondents chose Obama and 33 percent picked the Republicans.

When you read the ‘man in the street’ quotes in the article, the respondents are clearly disappointed that the government isn’t doing more to ‘fix’ the economy.

“He was promising change,” says poll participant Jessica Wolf, 20, who attends Ivy Tech Community College in Lafayette,Indiana. “I haven’t seen any change. There are no jobs out there for us.”

The dismal prospects for the economy and the ineffective efforts thus far to spend us out of recession are making everyone pay attention.  The Independents and Republicans in the survey appear to be solidly unimpressed with the Administration — but apparently the Democrats are still behind the President by a wide majority.

Only a third of independents, a critical group for Obama’s re-election prospects, say he has an effective strategy for improving the nation’s long-term economic vitality. Almost three-quarters of Democrats think he has the right plan, (emphasis mine) compared with just a tenth of Republicans.

With public opinion so dramatically polarized, we should be ready for a very rough stretch during the current federal budget process.  There are obviously two very entrenched positions that are in play:  one wants the President to solve the crisis for them by spending other people’s money; the other wants the chance to fix things for themselves by keeping more of their own.  There is little chance for a compromise ‘middle’ in this fight.

The events of the past few weeks in Wisconsin show that the Democrats and liberals are very motivated and driven by emotion — so we need to find ways to cut through that emotion and get to the facts.  We cannot hope to convince those who want even more spending and even more government ‘action’ to solve their problems by simply spouting facts at them.  We have to acknowledge their fears and demonstrate that we have fears of our own.  Their fears are about the present:  when will I get a Job?  how will I pay my bills?  Our fears are mostly about the future:  How will the debt affect our future?  How will we sustain this level of debt?

We must show those looking for more spending and more government that their fears and our fears are converging–the future is now.  We must convey to those seeking more spending that there is no more capacity to borrow, and that we all have to focus energy and attention on the means to have everyone creating wealth and growing the economy.

With 35% of the people now receiving some sort of government subsistence, we have no time to lose.

We have to move quickly to bring the Independents to our vision for the future.  We’re making headway, from the results of this poll, but there is surely more to do.  We cannot waste time quibbling about the little things:  NPR, NEA and all the little programs need to be cut — but getting support for those program cuts ‘one at a time’ will take years to make a difference.

We need bold action now: defund Obamacare, take on the large entitlements with serious reform, streamline the tax code and eliminate swaths of federal programs that overreach Constitutional boundaries.

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