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Economy

Rasmussen Poll: Huge majority of Americans think capitalism is better than socialism

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socialism

In a recent poll, Rasmussen found that 65% of American voters prefer capitalism to socialism, saying it’s a “better system.”

However, those in the minority tended to be in the 18-39 age range. 31% of those under 40 prefer socialism to capitalism, according to the poll. Meanwhile, 21% of respondents could not decide which of the two is better.

Democrats were split almost down the middle on the question. According to the poll, 46% prefer capitalism, while 31% prefer socialism and 21% are undecided. Even those who self-identified as liberal split 39% for capitalism, 37% for socialism, with an undecided 25%.

When it came to understanding America’s current economic system, voters were split. 28% of people thought America had a generally free market economy, 33% thought it was a partially free market economy, 23% thought it was a partially socialist economy, 7% thought it was a generally socialist economy, leaving 9% unsure.

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Nation

White House Confirms It Is Looking Into Shutting Down Oil Pipeline Amid Fuel Crisis

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Gas Pipeline

The Biden administration confirmed that it is considering shutting down an oil pipeline in Michigan despite the ongoing fuel crisis in the country.

“Revoking the permits for the [Line 5] pipeline that delivers oil from western Canada across Wisconsin, the Great Lakes and Michigan and into Ontario, would please environmentalists who have urged the White House to block fossil fuel infrastructure, but it would aggravate a rift with Canada and could exacerbate a spike in energy prices that Republicans are already using as a political weapon,” Politico Pro reported. “Killing a pipeline while U.S. gasoline prices are the highest in years could be political poison for Biden, who has seen his approval rating crash in recent months.”

Fox News reporter Peter Doocy asked about the report during Monday’s press briefing, asking, “why is the administration now considering shutting down the Line 5 pipeline from Canada to Michigan?”

“So, Peter, that is inaccurate,” Deputy Press Secretary Karine Jean-Pierre claimed. “That is not right. So, any reporting indicating that some decision has been made, again, is not accurate. … So, again, I would — it is inaccurate what you just stated, but —”

“What’s inaccurate?” Doocy asked.

“The reporting about us wanting to shut down the Line 5,” Jean-Pierre said.

“I didn’t say ‘wanting.’  I said, is it being studied right now?  Is the administration studying the impact of shutting down the Line 5?”

“Yeah. Yes, we are. We are,” Jean-Pierre admitted.

 

The news comes as gas prices have reached their highest since 2014, when Biden was vice president, and are currently about 50% higher than they were when Biden entered office.

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