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News Sourced Wired World

53 percent Americans would blame GOP for ‘failure to avert crippling fiscal cliff’

Washington, Nov. 14 (ANI): Americans are prepared to blame Congressional Republicans for failure to avert the fiscal cliff, according to a new poll.

According to the Washington Post-Pew Research Center Poll, 53 percent of Americans said the GOP would be at fault, compared with 29 percent who said the same of Barack Obama.

The poll found that nearly 10 percent said that both would be to blame.

While 51 percent of Americans don’t expect a deal, Democrats have substantially more faith than Republicans in the ability of President Barack Obama and Congressional Republicans to compromise.

Two-thirds of Republicans are not anticipating a deal, and only a quarter expect one.

However, a plurality of Democrats, 47 percent to 40 percent, expects Obama and the GOP to reach an agreement, Politico reports.

Congressional Republicans are likely to face the blame for any impact.

The fiscal cliff would amount to a giant removal of cash from the economy. On Jan. 1, 2013, the Bush-era tax cuts would expire, along with a payroll tax cut introduced by the 2009 stimulus bill.

While 68 percent of Americans think it will have a major impact on the American economy, a significantly smaller number, 44 percent, expect it to have a major impact on their own personal financial situation.

Nearly 62 percent expect the impact on the economy to be mostly negative, while 20 percent think the impact will be positive, it added. (ANI)