Another piece that points out why the Democrtas inability to get the facts out to voters before this election…Is gonna cost them…..
According to a new Bloomberg poll, six in ten Americans think most of the money spent to rescue banks will be lost forever. Six in ten think the economy shrunk over the past year. One in two think federal income taxes have gone up in the past two years.
Wrong. Wrong. And wrong.
In fact, most of the $245 billion TARP money spent on banks will be recovered, and the program expects to turn a small profit, according to the latest report (Treasury Sec. Tim Geithner: “The direct budget cost of the program and our full investment in the insurer AIG is likely to come in well under $50 billion.”) The economy has been growing, steadily if slowly, since the summer of 2009. The Obama administration has cut taxes by more than $240 billion in the last two years, including rebate checks worth up to $800 for almost all families.
So why do two in three Americans not know this? Here are five potential culprits for American misconceptions about the economy:
1) Blame Democrats
Pollster Ann Selzer said: “The public view of the economy is at odds with the facts, and the blame has to go to the Democrats. It does not matter much if you make change, if you do not communicate change.” This is a limited explanation. The idea that Democrats’ communication determines the public’s views on the economy assumes that everybody is sitting around listening to Democrats’ press releases and speeches and sound bites. To be sure, some people are. But many Americans couldn’t tell you the last time they listened meaningfully to a presidential address or gave a hoot about Harry Reid’s views on Making Work Pay. It’s important to communicate your achievements, but Democratic “messaging” alone isn’t responsible for a nationwide 2-1 misconception of economic realities.
2) Blame the Conservatives…..