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Rasmussen: Repubs Trusted More Than Dems

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On 6 out of 10 issues.

But the most important one right now: the economy…

The latest Rasmussen Reports national telephone survey finds that 45% now trust the GOP more to handle economic issues, while 39% trust Democrats more.

This is the first time in over two years of polling that the GOP has held the advantage on this issue. The parties were close in May, with the Democrats holding a modest 44% to 43% edge. The latest survey was taken just after General Motors announced it was going into bankruptcy as part of a deal brokered by the Obama administration that gives the government majority ownership of the failing automaker.

Voters not affiliated with either party now trust the GOP more to handle economic issues by a two-to-one margin.

That 2 to 1 margin among Independents is what Dems should really worry about. Because if they lose them on this issue, 2010 could be a painful year.

No doubt the recent decisions about GM have hurt Obama and the Dems, but what if the car maker turns around and the government makes money off the deal? Will people still think they should have gone under?

And what if banks start paying back the TARP?

Oh, wait…

A handful of small banks have already payed back TARP, but the large recipients have been waiting around for rules and permission to do so.

According to WaPo, the initial list of TARP repayees will be announced sometime today or possibly tomorrow. Among those on the list: JPMorgan (JPM), Goldman Sachs (GS) and American Express (AXP). All three were deemed among the healthiest institutions following the release of the stress test results.

I’m just saying, perception is not always reality, but it usually catches up to it.

More as it develops…