Tuesday, October 26, 2010

Only 14% Prefer Government-Regulated Economy Over Free Market Tuesday, October 2

Only 14% Prefer Government-Regulated Economy Over Free Market

 

Voters overwhelmingly prefer a free market economy to an economy managed by the government and think government economic control helps big businesses at the expense of small ones.

A new Rasmussen Reports national telephone survey finds that 75% of Likely U.S. Voters think a free market economy is better than an economy managed by the government. That's up five points from December 2008 following Barack Obama's election as president but consistent with findings in surveys since then.

http://www.rasmussenreports.com/public_content/business/general_business/December_2008/voters_champion_free_market_but_want_more_regulation

http://www.rasmussenreports.com/public_content/politics/general_politics/July_2010/75_say_free_markets_better_than_government_management_of_economy_political_class_disagrees

Only 14% think government control of the economy is better. (To see survey question wording, click here).

http://www.rasmussenreports.com/public_content/politics/questions/pt_survey_questions/October_2010/questions_free_market_October_24_25_2010

The Political Class isn't so sure. Ninety percent (90%) of Mainstream voters prefer a free market economy. Among Political Class voters, however, just 34% feel that way, while 30% like a government-managed economy better and 35% are undecided.

http://www.rasmussenreports.com/public_content/politics/general_politics/January_2010/65_now_hold_populist_or_mainstream_views

Fifty-eight percent (58%) of all voters think increased competition rather than increased government regulation is the best way to hold big business accountable. Thirty-four percent (34%) say increased regulation is the best way to go.

But again while 74% of Mainstream voters favor increased competition, 70% of the Political Class prefer increased regulation.

The survey of 1,000 Likely Voters was conducted on October 24-25, 2010 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC.

http://www.pulseopinionresearch.com/

Government regulation hurts small businesses more than big businesses, according to 71% of voters nationwide. Just 14% believe government regulation hurts big business more.

Fifty-nine percent (59%) say most big businesses take advantage of the political process to hurt small businesses. Twenty-four percent (24%) disagree, but 17% more are not sure.

Voters have consistently said in surveys for months that government and big business often work together in ways that hurt consumers and investors.

http://www.rasmussenreports.com/public_content/politics/general_politics/august_2010/67_of_political_class_say_u_s_heading_in_right_direction_84_of_mainstream_disagrees

Voters are evenly divided when asked if a free market economy unfairly concentrates wealth and power among a small segment of society: 42% say yes, and 42% say no. Sixteen percent (16%) are not sure.

Democrats are more critical of a free market economy than Republicans and voters not affiliated with either of the parties. Sixty percent (60%) of those in the president's party believe a free market economy unfairly concentrates power and wealth among a small social segment. Fifty-nine percent (59%) of GOP voters don't share that view. Unaffiliateds are closely divided on the question.

Sixty-two percent (62%) of Democrats think increased government regulation is the best way to hold big businesses accountable. Eighty percent (80%) of Republicans and 63% of voters not affiliated with either major party disagree and think increased competition is best. 

Voters have mixed feelings about government regulation of big business, but most feel small businesses are regulated too much.

http://www.rasmussenreports.com/public_content/politics/general_politics/July_2010/38_support_one_year_moratorium_on_new_government_regulations_34_oppose

There is also a strong belief that more competition and less regulation would be better for the economy and job creation.

Congress recently created a new Bureau of Consumer Financial Protection, an agency that will further regulate the lending practices of banks, mortgage lenders and credit card companies. But most Americans say increased competition, not more government regulation, will do more to protect borrowers.

http://www.rasmussenreports.com/public_content/business/general_business/September_2010/most_say_competition_protects_borrowers_more_than_regulation

A majority of voters continue to expect the cost of health care to go up under the new health care law that increases government regulation of that industry. Fifty-three percent (56%) favor repeal of the law.

 http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/october_2010/51_expect_health_care_plan_to_increase_deficit

http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/health_care_law

Rasmussen Reports is an electronic media company specializing in the collection, publication and distribution of public opinion polling information.  We poll on a variety of topics in the fields of politics, business and lifestyle, updating our site's content on a news cycle throughout the day, everyday.

Scott Rasmussen, president of Rasmussen Reports, has been an independent pollster for more than a decade. To learn more about our methodology, click here.

http://www.rasmussenreports.com/public_content/about_us/scott_rasmussen_biography

http://www.rasmussenreports.com/public_content/about_us/methodology 

 
 
Carl Ray Louk

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