Less Government Is Good For The Economoy [Poll]

state of the union

The majority of Americans believe that less government is good for the economy, according to a new Rasmussen poll. The survey asked respondents how they felt about government involvement in the economy and income inequality. The results may not be music to the ears of President Barack Obama’s speech writers who are busy putting the final touches on his State of the Union address.

A total of 59 percent of Americans stated that less government involvement and not more action at the federal level would do more to “close the income gap” in the United States. Thirty-three percent of the Rasmussen poll participants felt that more government would fix the so-called income inequality in America. A plurality (48 percent) told pollsters that the country would be “less fair” if the federal government enhanced its efforts to regulate the economy. A total of 66 percent of potential voters now feel that the United States economy is unfair to the middle class.

President Obama’s State of the Union address is expected to focus heavily on income inequality, Obamacare, and unemployment. During a speech hosted by the Center for American Progress in December, the president said that income inequality is the “defining challenge of our time.” Even if the majority of Americans agree with President Obama’s statement, they do not feel that increased government involvement in the economy will fix the problem, according to the Rasumssen poll.

Political analyst Michael S. Rozeff had this to say about redistribution of wealth and income inequality initiatives by the federal government:

“Obama speaks up for the little guy and then turns right around and acts on behalf of the big guys, the elite, the establishment, and big business. He surrounds himself with their people. He gets their advice. He has no firm understanding of his own to parry them. The big money that is the political lifeblood of his party flows from these same interests. Obama has engineered no way of dealing from strength against these privileged interests.”

Janet Yellen, the new Federal Reserve chair, uttered her support of President Obama’s income inequality conclusions during her confirmation hearings. Yellen said, “The solutions involve a multitude of things, including education, maybe early childhood education, job training, and other things. The new Federal Reserve head also told Congress that the Tea Party desire to reduce the mounting federal debt via sequestration makes it more difficult for the Fed to bolster the economy.

How do you feel about the Rasmussen economy – income inequality poll results?

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