Friday, September 02, 2011

SurveyUSA–Majority of Obama Voters Will Support Him In 2012 If He Utterly and Completely Destroys the US Economy.

The message from Obama voters seems clear enough; stop messing around and kill it already. America had a good run but it’s time for it to go. At least that’s the way I read the results of this SurveyUSA poll.

A new survey of Obama voters by Survey USA found that by a margin of 82%-18% they are more likely to support him again in 2012 if he raises taxes on the rich.

What Obama voters don’t want is any kind of deal that would cut government programs in exchange for GOP support of his jobs plan. Forty one percent of respondents said that they would be less likely support his reelection campaign if Obama cuts government programs, and 21% said that they would be more likely to support him in 2012. Thirty two percent said that it made no difference in their support if the president cut government programs. Over 2/3 of Obama voters (67%) said that they would be less likely to support him in 2012 if he cuts Social Security or Medicare.

Barring a big jobs plan, there is one more thing that Obama can do to keep his 2008 supporters solidly in his camp.

President Obama can raise taxes on the rich. By a whopping margin of 82%-5%, Obama voters said that they would be more likely to support the president in 2012 if he raised taxes on the rich and closed the corporate loopholes.

(actual poll results)

Looking at these results I am guessing that the respondents won’t be supporting Huntsman’s economic plan, which received the Wall Street Journal’s seal of approval this morning:

Republican Presidential candidate and former Utah Governor Jon Huntsman is lagging in the polls, but the economic agenda he rolled out this week may start getting him more attention. And deservedly so.

The heart of the plan lowers all tax rates on individuals and businesses. Mr. Huntsman would create three personal income tax rates—8%, 14% and 23%—and pay for this in a “revenue-neutral” way by eliminating “all deductions and credits.” This tracks with the proposals of the bipartisan Bowles-Simpson commission and others for a flatter, more efficient tax system.

That means economically inefficient tax carve outs for mortgage interest, municipal bonds, child credits and green energy subsidies would at last be closed. The double tax on capital gains and dividends would be expunged as would the Alternative Minimum Tax. The corporate tax rate falls to 25% from 35%, and American businesses would be taxed on a territorial system to encourage firms to return capital parked in overseas operations.

Pretty much the opposite of everything Obama voters say they want.

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