[Iran Press TV Latest] Many Americans maintain that the stimulus plan presented by US President Barack Obama to salvage the economy has been a waste of money, recent poll finds. Biggest grab for the boodle in history.
Results of a CNN/Opinion Research Corporation poll revealed on Monday that 3 out of every 4 Americans believed the stimulus money was wasted to a large extent,
... on shovel-ready projects, no less...
with 56 percent opposing the stimulus and just 42 percent still thinking the stimulus was a good idea.
42 percent got a dip at the boodle? That's more than I expected. Or maybe that's just the number who got a grab...
The poll further found that 63 percent of those surveyed believed that political reasons were behind the stimulus projects.
While 21 percent of the respondents said almost all the stimulus money has been wasted, only 4 percent remained to be supportive of the plan, saying 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.
The US economic rescue plan, formally known as the American Recovery and Reinvestment Act of 2009, was hammered out by the Obama Administration to save the ailing economy by injecting USD 787 billion into the country's falling financial and industrial sectors.
The hefty bill gained no Republican votes in the House of Representatives and it was favored only by three GOP votes in the Senate.
Despite initial promise, the package has failed to create 2.5 million jobs and bring feasible economic recovery.