The Impact of the Debt Debate Disaster

A new study takes a sobering look at the state of public opinion in the wake of a rare event that has the potential to dramatically change the political landscape.

Chart_with_Downward_ArrowThe recently concluded debate over the nation’s debt ceiling was, without doubt, a messy process with a questionable outcome. But it was far more than that. According to a new analysis by one of the country’s leading pollsters, the standoff dealt a devastating body blow to public confidence in the economy and government that has powerful implications for the 2012 elections.

“The debt ceiling negotiation is an extremely significant event that is profoundly and sharply reshaping views of the economy and the federal government,” Bill McInturff of Public Opinion Strategies wrote in a just-completed analysis. “It has led to a scary erosion in confidence in both, at a time when this steep drop in confidence can be least afforded.”

“The perception of how Washington handled the debt ceiling negotiation led to an immediate collapse in confidence in government and all the major players, including President Obama and Republicans in Congress,” McInturff wrote.

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Source: Dan Balz | The Washington Post