Zogby: Just 28% Believe Rebate Checks Will Boost U.S. Economy

Tuesday, April 01 2008 @ 11:06 PM EDT

Edited by: Michael Hess

Interactive survey finds majorities oppose U. S. Government help for struggling investment companies and those facing foreclosure

BBSNews 2008-04-01 -- (Zogby) UTICA, New York - As many Americans await the arrival of rebate checks from the federal government aimed at boosting the U.S. economy, a new Zogby Interactive poll finds just 28% believe the government's economic stimulus rebate plan will help.

Two in three likely voters (67%) do not think the rebate checks will give the U.S. economy a boost, with 36% who strongly disagree the checks are likely to help boost the sagging economy. Democrats (83%) and independents (70%) are more likely than Republicans (49%) to be skeptical of how much the rebate checks will improve the economy. Those doubts are also strongest among younger likely voters - 72% of those ages 18 to 29 disagree the rebate checks will help, compared to 60% of those age 65 and older. Regardless of whether they expect to receive a rebate check, 41% of those who shop weekly at Wal-Mart are optimistic about the government's plan, compared to just 15% of those who never shop at the nation's largest retailer.

The interactive survey of 5,036 likely voters was conducted March 26-28, 2008 and carries a margin of error of +/- 1.4 percentage points.

Most Americans opposed to federal bailouts for investment banks and homeowners

Most Americans also have misgivings about the possibility of the federal government stepping in to help struggling investment companies and those facing foreclosure on their homes. Two in three Americans (68%) disagree with the idea of the federal government stepping in to help investment companies that are suffering because of their heavy investments in worthless mortgages - just 25% believe the government should take steps to help these companies.

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