By Calvin Woodward

It might be time for another midnight ride by Paul Revere, this time warning “the creditors are coming.”

Americans seem not to have awakened to the fast-looming debt crisis that could summon a new recession, imperil their stock market investments and shatter faith in the world’s most powerful economy. Those are among the implications, both sudden and long-lasting, expected to unfold if the U.S. defaults on debt payments for the first time in history.

Facing an August deadline for raising the country’s borrowing limit or setting loose the consequences, politicians and economists are plenty alarmed. The people? Apparently not so much.

They’re divided on whether to raise the limit, according to an Associated Press-GfK poll that found 41 percent opposed to the idea and 38 percent in favor.

People aren’t exactly blase. A narrow majority in the poll expects an economic crisis to ensue if the U.S., maxed out on its borrowing capacity, starts missing interest payments to creditors. But even among that group, 37 percent say no dice to raising the limit.

In Washington’s humid air, talk of a financial apocalypse is thick.

There are warnings of “credit markets in a state of panic,” as the House Budget Committee chairman, Rep. Paul Ryan, R-Wis., put it, causing a sudden drop-off in the country’s ability to borrow and pushing the government off a “credit cliff.”

He was characterizing a report by the government’s nonpartisan Congressional Budget Office that warns of a “sudden fiscal crisis” in which investors might abandon U.S. bonds and force the government to pay steep interest rates and impose spending cuts and tax increases far more Draconian than if default were avoided.

The dire warnings appear to be falling on unconvinced ears, at least so far.

Call it doomsday fatigue.

In recent times, Americans heard that things were going to go haywire with the turn of the millennium, and they didn’t. They were primed for post-Sept. 11 terrorist plots that did not unfold.

They’ve seen Congress, a lumbering body that gets fleet of foot at the last minute, come to the brink time after time, only to pull something out of its hat. Recently, a partial government shutdown was averted in that manner.

To Robin Knight, 50-year-old teacher from Gilbert, Ariz., who’s trying to stay informed on the debt crisis, Washington’s tendency to cry wolf and stage histrionics on issues of the day isn’t helping.

“It should be very easy to understand,” she said, “but I think there are so many skewed views and time given to people screaming that it can be hard to follow.”

As during the lead-up to the government shutdown that didn’t happen, tortured negotiations are under way.

Republican leaders are insisting on huge spending cuts as a condition for raising the debt limit. This position finds solid support from Republicans in the poll and backing from a plurality of independents.

President Barack Obama is pushing for increased tax revenue to be part of the deal, and that insistence led House Republican leader Eric Cantor of Virginia to walk out of the negotiations this past week.

About half of Democrats in the poll said the debt limit should be raised regardless of whether it’s paired with a deal to cut spending.

The survey found no significant differences by education, age, income, or even by party, in perceptions of whether a crisis is likely if the limit is not increased. There was widespread dissatisfaction with how Obama is dealing with the deficit — a new high of 63 percent disapproval on that subject — and an even harsher judgment of how both parties in Congress are doing on the issue.

A deal would permit the government to resume borrowing more than $100 billion a month to pay its bills. Paradoxically — or “perversely,” as Federal Reserve Chairman Ben Bernanke put it — the absence of a deal would not stop the nation’s debt from climbing.

Bernanke said the stain on U.S. creditworthiness would drive up deficits simply by saddling the country with higher interest rates on borrowing.

Deficit hawks at the Committee for a Responsible Federal Budget say a 1 percentage point jump in interest rates paid by Washington would increase deficits by $1.3 trillion through 2021, essentially adding a year’s worth of red ink.

Although people in the poll betray plenty of concern about the debt, the prospect of a calamity-triggering default if the debt deadline is not met in August clearly is not dominating their calculations.

The AP-GfK poll, as do many surveys over time, points to a divide in how people see the country and their own lives. The poll was conducted June 16-20 by GfK Roper Public Affairs and Corporate Communications. It involved landline and cellphone interviews with 1,001 adults nationwide and had a margin of sampling error of plus or minus 4.1 percentage points.

Although 80 percent ranked the economy as poor, 63 percent also said the financial situation in their own household was good. Also, 70 percent predicted the economy will improve or stay about the same in the next year. A majority says it’s a good time to put money into real estate.

Altogether, it’s not unlike the bumper sticker sported on some cars when the world as we know it was supposed to end back in May: “After the Rapture, can I have your car?”

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AP Polling Director Trevor Tompson, Deputy Polling Director Jennifer Agiesta, News Survey Specialist Dennis Junius and writer Stacy Anderson contributed to this report.

 

How the poll was conducted

WASHINGTON (AP) — The Associated Press-GfK Poll on the debt ceiling was conducted by GfK Roper Public Affairs & Corporate Communications from June 16-20. It is based on landline and cell phone telephone interviews with a nationally representative random sample of 1,001 adults. Interviews were conducted with 700 respondents on landline telephones and 301 on cellular phones.

Digits in the phone numbers dialed were generated randomly to reach households with unlisted and listed landline and cellphone numbers.

Interviews were conducted in both English and Spanish.

As is done routinely in surveys, results were weighted, or adjusted, to ensure that responses accurately reflect the population’s makeup by factors such as age, sex, education and race. In addition, the weighting took into account patterns of phone use — landline only, cell only and both types — by region.

No more than one time in 20 should chance variations in the sample cause the results to vary by more than plus or minus 4.1 percentage points from the answers that would be obtained if all adults in the U.S. were polled.

There are other sources of potential error in polls, including the wording and order of questions.

The questions and results are available at http://www.ap-gfkpoll.com

 



AP-GfK poll shows voter distaste for Putin-style leadership
WASHINGTON (AP) — Donald Trump has called Russian President Vladimir Putin “a leader — unlike what we have in this country.”

But most Americans don’t agree with Trump’s assessment of Putin’s leadership skills, a new Associated Press-GfK poll shows.

Only 24 percent of registered voters say Putin has leadership qualities that would be good for an American president to share, while 71 percent say he does not. In fact, a majority, 56 percent, said they have an unfavorable view of Putin, while only 10 percent said they view the Russian leader favorably.

 Voters were split on whether Trump would be too close to Putin, with 42 percent saying they think Trump would be too close, and 41 percent saying his approach would be about right. Fourteen percent think he would not be close enough.
By comparison, most voters (53 percent) think Democrat Hillary Clinton’s relationship with Putin would be about right, while 11 percent think she would be too close and 32 percent think she would not be close enough.

The relationship between the Republican nominee and the Russian strongman began taking on new life when Putin praised Trump last December as “bright and talented” and “the absolute leader of the presidential race.”

The billionaire businessman hailed Putin’s regard for him as a “great honor,” brushing off widespread allegations that the Russian president has ordered the killing of political dissidents and journalists.

“Our country does plenty of killing also,” Trump told MSNBC’s “Morning Joe” in December.

Four in 10 Trump supporters and only 1 in 10 Hillary Clinton supporters say Putin has leadership qualities that would be good for an American president to have. Still, even among Trump’s supporters, just 16 percent have a favorable opinion of Putin. Only 5 percent of Clinton’s supporters do.

Marissa Garth, a 28-year-old stay-at-home mom from Smithfield, Utah, said she plans to vote for Trump this November because he exhibits the qualities of a strong leader — not to be compared with Putin.

“I think (Putin) is a strong leader for his country,” she said. “But at the same time I don’t think he necessarily has the qualities that I would want as a president.”

In fact, the poll finds that men are more likely than women to say that Putin has leadership qualities that would be good in an American president, 28 percent to 19 percent.

Among Clinton’s supporters, 69 percent say Trump would be too close to Putin. Forty-nine percent of those supporting another candidate share that view, but only 8 percent of Trump supporters say their candidate would be too close to Putin. Eighty percent of Trump supporters say his approach would be about right. Among conservatives, 20 percent say Trump would be too close to Putin.

There is nothing 54-year old Gary Sellers, of Homewood, Illinois, likes about Putin — or Trump. He called Putin a “dictator,” adding, “there are no qualities of his that I wish that an American president would have.”

A lukewarm Clinton supporter, he’s concerned that Trump shares Putin’s extreme views of governing. “I feel he has a dictatorial approach toward being president of the United States,” Sellers said of Trump.

Forty-seven percent of voters say they approve and 52 percent disapprove of President Barack Obama’s handling of the U.S. relationship with Russia.

Voters are divided over whether the next president should take a tougher approach to Putin (42 percent) or whether the current approach is about right (39 percent). Just 16 percent think the next president should take a friendlier approach.

Just under half of voters (48 percent) say the U.S. relationship with Russia is a very or extremely important issue, ranking it low on Americans’ list of priorities, far below issues like the economy (92 percent), the threat posed by the Islamic State group (70 percent), the U.S. role in world affairs more generally (68 percent) and immigration (60 percent).

There’s a generational divide over Russia. Two-thirds of voters age 65 and over and more than half of those between 50 and 64 call the U.S. relationship with Russia very or extremely important, while only 4 in 10 30-49 year olds and only a third of those under 30 say the same.

Generally speaking, voters are more likely to say they trust Clinton than Trump on negotiating with Russia, 40 percent to 33 percent. Nineteen percent say they trust neither and 7 percent trust both equally.

John Eppenger, 68, a retiree in Fairfield, Ala., said that when it comes to dealing with Russia, Clinton would “do a much better job than Trump. She’s not perfect, she’s not ideal, but she’s better.”

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The AP-GfK Poll of 1,694 adults, including 1,476 registered voters, was conducted online Sept. 15-19, using a sample drawn from GfK’s probability-based KnowledgePanel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 2.5 percentage points, and for registered voters is plus or minus 2.5 percentage points.

Respondents were first selected randomly using telephone or mail survey methods and later interviewed online. People selected for KnowledgePanel who didn’t have access to the internet were provided access for free.

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Online:

Poll results: http://ap-gfkpoll.com


AP-GfK Poll: Majority of Americans fear Trump presidency

By JONATHAN LEMIRE and EMILY SWANSON

NEW YORK (AP) — More than half the country fears a Trump presidency. And only about a third of Americans believe he is at least somewhat qualified to serve in the White House.

In the final sprint to Election Day, a new Associated Press-GfK poll underscores those daunting roadblocks for Donald Trump as he tries to overtake Hillary Clinton.

Moreover, most voters oppose the hard-line approach to immigration that is a centerpiece of the billionaire businessman’s campaign. They are more likely to trust Clinton to handle a variety of issues facing the country, and Trump has no advantage on the national security topics also at the forefront of his bid.

Trump undoubtedly has a passionate base of support, seen clearly among the thousands of backers who fill the stands at his signature rallies. But most people don’t share that fervor. Only 29 percent of registered voters would be excited and just 24 percent would be proud should Trump prevail in November.

Only one in four voters find him even somewhat civil or compassionate, and just a third say he’s not at all racist.

“We as Americans should be embarrassed about Donald Trump,” said Michael DeLuise, 66, a retired university vice president and registered Republican who lives in Eugene, Oregon. “We as Americans have always been able to look at the wacky leaders of other countries and say ‘Phew, that’s not us.’ We couldn’t if Trump wins. It’s like putting P.T. Barnum in charge. And it’s getting dangerous.”

To be sure, the nation is sour on Clinton, too. Only 39 percent of voters have a favorable view of the Democratic nominee, compared to the 56 percent who view her unfavorably. Less than a third say they would be excited or proud should she move into the White House.

“I think she’s an extremely dishonest person and have extreme disdain for her and her husband,” said one registered Republican, Denise Pettitte, 36, from Watertown, Wisconsin. “I think it would be wonderful to elect a woman, but a different woman.”

But as poorly as voters may view Clinton, they think even less of Trump.

Forty-four percent say they would be afraid if Clinton, the former secretary of state, is elected, far less than say the same of Trump. He’s viewed more unfavorably than favorably by a 61 percent to 34 percent margin, and more say their unfavorable opinion of the New Yorker is a strong one than say the same of Clinton, 50 percent to 44 percent.

That deep distain for both candidates prompts three-quarters of voters to say that a big reason they’ll be casting their ballot is to stop someone, rather than elect someone.

“It’s not really a vote for her as it’s a vote against Trump,” said Mark Corbin, 59, a business administrator and registered Democrat from Media, Pennsylvania.

Roughly half of voters see Clinton at least somewhat qualified, while just 30 percent say Trump is.

Even when it comes to what may be Clinton’s greatest weakness, the perception that she is dishonest, Trump fails to perform much better: 71 percent say she’s only slightly or not at all honest, while 66 percent say the same of Trump. Forty-nine percent say Clinton is at least somewhat corrupt, but 43 percent say that of Trump.

“Whatever her problems are, they don’t even come close to him,” said JoAnn Dinkelman, 66, a Republican from Rancho Cucamonga, California, who will cross party lines and vote for Clinton. “Everything that comes out of his mouth that is fact-checked turns out to be a lie.”

Trump finds no respite with voters when it comes to what he vows to do as president, either.

Nearly 6 in 10 oppose his promise to build a wall along the U.S. border with Mexico, and only 21 percent of his supporters and 9 percent of registered voters overall are very confident he would succeed at fulfilling his promise that Mexico would pay for the construction.

Six in 10 believe there should be a way for immigrants living in the country illegally to become U.S. citizens — a view that Trump opposes.

“The wall isn’t the answer. It’s not feasible and Mexico won’t pay for it,” said Timothy Seitz, 26, a graduate student at the Ohio State University and a Republican. “We should be leaders. We shouldn’t cower from others and cut ourselves off in the world.”

Beyond immigration, voters say they trust Clinton over Trump by wide margins when it comes to health care, race relations and negotiations with Russia. She also narrowly tops Trump when it comes to filling Supreme Court vacancies, as well as another of the billionaire’s signature issues: handling international trade.

Trump is narrowly favored on creating jobs, 39 percent to 35 percent, while in general, voters are about equally split on which candidate would better handle the economy. Voters are slightly more likely to trust Trump than Clinton on handling gun laws, 39 percent to 35 percent.

Voters are closely split on which candidate would better handle protecting the country and evenly divided on which would better handle the threat posed by the Islamic State group. And Americans are much more likely to say they trust Clinton than Trump to do a better job handling the U.S. image abroad.

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The AP-GfK Poll of 1,694 adults, including 1,476 registered voters, was conducted online Sept. 15-19, using a sample drawn from GfK’s probability-based KnowledgePanel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 2.5 percentage points, and for registered voters plus or minus 2.7 points.

Respondents were first selected randomly using telephone or mail survey methods and later interviewed online. People selected for KnowledgePanel who didn’t have access to the internet were provided access for free.

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Online:

Poll results: http://ap-gfkpoll.com