The financial system collapsed. Housing prices cratered. Unemployment is at a record high for the last quarter-century. The Democratic president has a solidly positive job rating.
And yet we Americans have not suddenly become collectivists. The economic distress of the 1930s led Americans to favor less reliance on markets and more on government. The economic distress of the 1970s led Americans to favor less reliance on government and more on markets. It doesn't seem unreasonable to expect, as many political liberals have been predicting, that the economic distress of the late 2000s will produce a shift in the 1930s direction. But it doesn't seem to have happened yet.
Or so the polling evidence tells us. Last month's Washington Post-ABC poll reported that Americans favor smaller government with fewer services to larger government with more services by a 54 percent to 41 percent margin -- a slight uptick since 2004. The percentage of independents favoring small government rose to 61 percent from 52 percent in 2008. The June NBC-Wall Street Journal poll reported that, even amid recession, 58 percent worry more about keeping the budget deficit down versus 35 percent worried more about boosting the economy. A similar question in the June CBS-New York Times poll showed a 52 percent to 41 percent split.
Other polls show a resistance to specific Democratic proposals. Pollster Whit Ayres reports that 58 percent of voters agree that reforming health care, while important, should be done without raising taxes or increasing the deficit. Pollster Scott Rasmussen reports that 56 percent of Americans are unwilling to pay more in taxes or utility rates to generate cleaner energy and fight global warming.
It's interesting that on these issues and many others independents are responding more like Republicans than Democrats. That's the opposite of what we saw up through 2008, when independents were almost as critical of the Bush administration and Republican policies as Democrats.
This apparent recoil against big-government policies has not gone unnoticed by Americans. Gallup reported earlier this week that 39 percent of Americans say their views on political issues have grown more conservative, while only 18 say they have grown more liberal. Moderates agreed by a 33 percent to 18 percent margin.