Absolutely amazing poll results from CNN today about the $787 stimulus package: nearly three out of four Americans think the money has been wasted. On second thought, they may be right: it's been wasted on them. Indeed, the largest single item in the package—$288 billion—is tax relief for 95% of the American public. This money is that magical $60 to $80 per month you've been finding in your paycheck since last spring. Not a life changing amount, but helpful in paying the bills.
The next highest amount was $275 billion in grants and loans to states. This is why your child's teacher wasn't laid off...and why the fire station has remained open, and why you're not paying even higher state and local taxes to close the local budget hole.
It turns out that what people are really upset about is all that wasteful money that has gone to political public works projects...except that the overwhelming portion of that money hasn't been spent yet. Remember all those "shovel-ready" projects? Well, they didn't exist. The big jobs-creating projects like the rebuilt "smart" electric grid, major highways and fast trains will come on line during the next year. (Although these projects might have gotten greater public support if they'd been chosen by a National Infrastructure Bank—a panel of experts, like the fed—that would have picked them according to their value added, rather than by the bozo appropriators in the Congress.)
So, two thoughts:
1. The Obama Administration has done a terrible job explaining the stimulus package to the American people...especially since there have been very few documented cases of waste so far.
2. This is yet further evidence that Americans are flagrantly ill-informed...and, for those watching Fox News, misinformed.
It is very difficult to have a democracy without citizens. It is impossible to be a citizen if you don't make an effort to understand the most basic activities of your government. It is very difficult to thrive in an increasingly competitive world if you're a nation of dodos.
One problem: Klein seems to have misread the poll data. Klein argues that Americans should feel that at least part of the stimulus was not wasted and are stupid for not doing so. Looking at the results of the poll from his link above, however, this is exactly what the CNN poll has found. There's a huge difference between Klein's "nearly three out of four Americans think the money has been wasted" and the poll's actual language below:
Washington (CNN) — Nearly three out of four Americans think that at least half of the money spent in the federal stimulus plan has been wasted, according to a new national poll.
A CNN/Opinion Research Corporation survey released Monday morning also indicates that 63 percent of the public thinks that projects in the plan were included for purely political reasons and will have no economic benefit, with 36 percent saying those projects will benefit the economy.
Twenty-one percent of people questioned in the poll say nearly all the money in the stimulus has been wasted, with 24 percent feeling that most money has been wasted and an additional 29 percent saying that about half has been wasted. Twenty-one percent say only a little has been wasted and 4 percent think that no stimulus dollars have been wasted.
"One reason why the economic stimulus bill is no longer popular with the American public is the perception that a lot of the money has been wasted. Six in 10 believe that the projects in the stimulus bill were included for purely political reasons," said CNN Polling Director Keating Holland.
"Nearly three-quarters believe that at least half the stimulus money spent so far has been wasted, and one in five say nearly all of it has been a waste," Holland said.