Friday, January 29, 2010

Most question government's handling of crisis, want free market solutions to problems

A new national poll finds a crisis of confidence on economic issues among Americans – and younger Americans (those 18-29) – alike.

Among the key findings, Americans and Millennials:

• Are not confident in the government’s ability to handle the economic crisis. (59% of Americans; 55% of Millennials)

• Want a free market approach and oppose greater government regulation of business. (55% of Americans; 53% of Millennials)

• Believe the country is headed in the wrong direction. (67% of Americans; 60% of Millennials)

• Want the same set of moral standards in business life as in personal life. (75% of Americans; 66% of Millennials)

• See business decisions based on greed as morally wrong. (74% of Americans; 77% of Millennials)

• Think their careers will be negatively impacted for the long-term by the current economic situation (55% of Americans under 65 years old; 55% of Millennials).

“A year into the Obama administration, we find that Americans – and younger Americans – are having a crisis of confidence,” says Carl Anderson, CEO of the Knights of Columbus, the group that commissioned the poll. “People are increasingly pessimistic about the government's ability to handle the economic crisis and a majority believes that increased government regulation will hurt the economy.”

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