What should be job one in fixing the U.S. economy?
More than one-quarter (28 percent) of Americans believe that creating more and better jobs should be at the top of the country’s to-do list, according to a new Gallup poll. Eleven percent believes that decreases taxes or improving tax breaks would be the most impactful way of improving the economy.
There is no shortage of opinions on what can be done to fix the economy, as responses to the Gallup poll illustrate:
· Bringing jobs back home/Reduce outsourcing (9 percent)
· Improve government (8 percent)
· Balance the national budget/Control spending (7 percent)
· A new president (7 percent)
· Offer more small business incentives (2 percent)
· Better education (2 percent)
· Less welfare or entitlements (2 percent)
· Reigning in rising costs/Lower inflation (2 percent)
· Improve infrastructure (2 percent)
One percent of respondents also offered a wide-range of solutions from addressing energy issues to improving the minimum wage and fixing the trade imbalance.
In a Millionaire Corner investor survey conducted last month, 45 percent of respondents said that the economy was the primary issue they will consider when casting their vote for president. This response was 32 percentage points higher than the next most common response, the national debt. This issue looks to take on increased importance as lawmakers work or don’t work together to reach an agreement on extension of the Bush-era tax cuts for all wealth levels or, as the President insists, just those who make under $250,000 a year.
Should an agreement not be reached by the end of the year deadline, the country runs the risk of sinking back into a recession, analysts say.
According to the Gallup poll, there is not significant disagreement between Republicans and Democrats on what should be done to improve the economy. Democrats were most likely to cite job creation (34 percent vs. 25 percent), while Republicans were significantly more likely to cite balancing the budget (11 percent).
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.