Oct 3, 2008 5:16 pm US/Eastern
Poll Shows No Confidence In Gov't Fixing Economy
(CBS4.com)
Despite the Congressional success of the newly approved and signed bailout, most Americans remain deeply skeptical of Washington's ability to pull the country through the current economic mess, according to a new SurveyUSA/
CBS4 poll.
In a poll conducted after the passage of the economic bailout bill, almost 60 percent said they still have "no confidence" in the government's ability to fix the economy. 32 percent have confidence in the government's ability, while 10 percent remain unsure.
In an interesting divide among public sentiment, just 18 percent say they supported the specific rescue plan Congress passed on Friday. 44 percent opposed the plan, while 37 percent say they still don't know enough. But, when it came down to whether the respondents wanted their representative to vote for an economic, 45 percent said they wanted them to vote for the pan. That contrasted to the 33 percent who said their representative should have voted against the plan.
When it came down to whether the plan would succeed in the short-term and the long-term, the country was basically divided into thirds saying it would succeed, fail, or they still don't know enough about it.
Almost 70 percent of those surveyed said they wished they had saved more money for the economy's current "rainy day." 46 percent said there family would suffer during the current crisis, but still be able to pull through.
Perhaps most disconcerting for a quick recovery for the economy, 77 percent said they have reduced spending in the past 3 months, while only 22 percent said there spending has not changed.
All of the poll numbers have a margin of error of +/- 2.9 percent.
(© MMIX, CBS Broadcasting Inc. All Rights Reserved.)
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