Public Confident of Obama on Economy, But Numbers Slip

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Sixty-five percent of voters are very or somewhat confident that Barack Obama will be able to turn around the economy while 33 percent are not too confident or not confident at all, according to a Newsweek/ Princeton Research poll conducted March 4-5. That's a net 13 point swing towards fewer people expressing confidence in Obama than Newsweek's mid-January poll.

When it comes to Obama's $787.2 billion economic stimulus plan, 40 percent call it a good start but say more spending is needed, 37 percent say it won't work and 15 percent say it's the right amount.

As with other recent polls, Republicans have not fared well as far as public opinion about their solid opposition to Obama's proposals. Fifty-eight percent say the Republicans do not have a plan of their own, and that view is held by 42 percent of Republicans. Seventy-one percent say Obama has made a reasonable effort to work with congressional Republicans and that's a view even held by 52 percent of Republicans. Respondents were divided 45 percent to 45 percent on when congressional Democratic leaders had made a reasonable effort at bipartisanship.

Obama's job approval and favorability ratings are in line with most recent polls. His approval ratio is 58 percent to 26 percent and his favorable to unfavorable numbers stand at 72 percent to 22 percent.

When the poll tested Senate Majority Leader's Harry Reid's favorability rating (28 percent view him unfavorably and 23 percent favorably), it found that one-third of Americans never heard of him. By contrast, 14 percent said they had never heard of House Speaker Nancy Pelosi, (she was seen unfavorably by 41 percent and favorably by 35 percent).

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