Poll Shows Americans Don’t Know GDP Grew With Tax Cuts and Bailout Profits - Bloomberg
We’ve had four straight quarters of growth, GDP is up, Middle class taxes are down, but the public still has a lot of disbelief when you bring these facts up. This is mostly because in some regions of the US high unemployment still reigns. [see map for your state’s rate -based on Aug figures, Unemployment is down further since this map was made.]
The Obama administration cut taxes for middle-class Americans, expects to make a profit on the hundreds of billions of dollars spent to rescue Wall Street banks and has overseen an economy that has grown for the past four quarters.
Most voters don’t believe it.
A Bloomberg National Poll conducted Oct. 24-26 finds that by a two-to-one margin, likely voters in the Nov. 2 midterm elections think taxes have gone up, the economy has shrunk, and the billions lent to banks as part of the Troubled Asset Relief Program won’t be recovered.
“The public view of the economy is at odds with the facts, and the blame has to go to the Democrats,” said J. Ann Selzer, president of Selzer & Co., a Des Moines, Iowa-based firm that conducted the nationwide survey. “It does not matter much if you make change, if you do not communicate change.”
Read the rest at bloomberg.com