Reaction to democrats spending bill

A recent poll by Pew Research Center found that a narrow majority of Americans, just 51%, support the stimulus. And that's down from 57% in January. Even worse for the administration, support seems to be dropping among people who say they've learned more about the stimulus:
Notably, support for the proposal is now much lower than it was in January among those who have heard a lot about the economic stimulus. By 49% to 41%, those who have heard a lot about the proposal now see it as a good idea; in January, those who had heard a lot favored it by more than two-to-one.

Furthermore, a poll from Rasmussen reports that 62% of voters want more tax cuts and less government spending in the plan. This must be music to the ears of Republicans, who have been on a media blitz of their own, arguing for the same. Newly elected chairman of the Republican National Committee Michael Steele wasted no time in explaining why he thinks his party should vote no.

"The fastest way to help those families is by letting them keep more of the money they earn. Individual empowerment: that's how you stimulate the economy."

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Investors are frustrated with the government’s latest bank bailout plan — and showed it by unloading stocks.

The major stock indexes fell more than 4 percent Tuesday, including the Dow Jones industrial average, which tumbled 382 points. Financial stocks led the market lower, a sign of how concerned Wall Street is about the government’s ability to restore the health of the banking industry. Demand for safe havens like Treasurys and gold rose.

Traders and investors complained about what they saw as a lack of specifics from Treasury Secretary Timothy Geithner on how the government will direct more than $1 trillion in public and private support to the financial system.

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