Tags: poll | bailouts | bad | idea

Rasmussen: 59 Percent Believe Bailouts Bad Idea

By Rick Pedraza   |   Thursday, 23 Apr 2009 01:37 PM

Rasmussen's daily presidential pracking poll showed that 34 percent of the nation's voters now strongly approve of the way Barack Obama is performing as president, while 32 percent strongly disapprove.

The poll results, released Wendasday, give Obama a Presidential Approval Index rating of +2, his lowest total to date. The index is calculated by subtracting the number who strongly disapprove from the number who strongly approve.

In addition, the results showed that 59 percent of voters nationwide now think the federal bailout for banks and other financial institutions was a bad idea. Just 26 percent think they were a good idea.

In all income groups, a majority views the bailouts as a bad idea. Opposition is lowest among those with the highest incomes. Just 29 percent of all voters believe the bailouts will have a positive long-term impact on the economy, while more than half (51 percent) believe the bailouts will hurt.

Most Americans believe that tax increases are bad for the economy, and only 19 percent agree that the government should get more money, the survey shows.

Overall, 55 percent of voters say they at least somewhat approve of Obama's performance so far, while 44 percent disapprove.

On the bleak employment front, just under half the nation’s workers (44 percent) believe they will be working for the same employer in five years.

Sixty percent believe the federal government has too much power and too much money.

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