Posted by Joseph Y. Calhoun, III

From Rasmussen:

As the policy debate has unfolded in Washington this year, voters have consistently believed that tax cuts would do more than increased government spending to stimulate the economy and create jobs. Now that the nation’s unemployment rate has reached 10.2%, voters continue to hold that view.

The latest Rasmussen Reports national telephone survey shows that 62% believe tax cuts are a better way to create jobs and fight unemployment. Only 21% believe that additional stimulus spending is a more effective tool. Earlier this year, as the first stimulus package was being debated in Congress, 62% of voters wanted the plan to have more tax cuts and less spending.

 

Given a different choice today, 51% believe canceling the rest of the stimulus money would create more jobs while 32% say spending the money would be the better approach to job creation. These findings are consistent with earlier polling. Most Americans say that, generally speaking, increased government spending is bad for the economy. Earlier this year, before the unemployment rate had reached its current highs, 45% wanted to cancel the rest of the stimulus spending while just 36% disagreed.

While voters believe that tax cuts and stopping spending is the path to job creation, the Political Class disagrees. Sixty-nine percent (69%) of those in the Political Class say that spending the stimulus money would create more jobs than canceling the remaining stimulus spending. Fifty-five percent (55%) of the Political Class believes that new spending will create more jobs than tax cuts. Only 13% believe the tax cutting would do more (see more on the Political Class).

On both questions, there is also a substantial partisan divide. Democrats are fairly evenly divided on both questions while Republicans overwhelmingly believe that canceling the rest of the stimulus money and cutting taxes are better job creation tools than additional stimulus spending.

As for those not affiliated with either major party, just over 50% say that stopping spending and cutting taxes is the best way to create jobs.

The survey also found that most voters are skeptical about claims of government job creation. Most (58%) say it’s unlikely that the stimulus plan has saved or created more than 600,000 jobs.

Sixty-two percent (62%) of voters are opposed to a second stimulus package.

The public is right about this and politicians who ignore polls like this will suffer in the next election. I have said many times that economics is mostly common sense, something sorely lacking in DC.