Americans Support Helping The Unemployed

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By Douglas A. McIntyre Updated Published
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Americans support extending unemployment benefits, which is among the most expensive of the compromises made between President Obama and the Republicans. They also support extending the Bush Tax Cuts.

Taken together, the costs of these two programs do more to increase the budget deficit than nearly any other aspect of the agreement. That means that Americans are, once again, willing to put off deficit issues into the future in the name of present needs.

According to a new Gallup poll, Republicans support tax cuts more than Democrats–85% to 52%. Democrats favor extension of unemployment benefits–84% to 43%.

The data show in a microcosm why resolving issues which are clearly critical to lowering the deficit are so difficult. Americans are split by party on the most pressing issues. That will continue indefinitely. This was seen in the lack of bipartisan support for the recommendations of The National Commission on Fiscal Responsibility and Reform. The poll and fate of the effort by the commission, which worked for nearly a year, indicate that the an increase to the deficit and rising national debt are not enough to change the habits of large numbers of Americans.

“Results for this Gallup poll are based on telephone interviews conducted Dec. 3-6, 2010, on the Gallup Daily tracking survey, with a random sample of 1,003 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia, selected using random-digit-dial sampling.”

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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