Rasmussen reports that support for the borrow-and-spend plan is falling rapidly:

The latest Rasmussen Reports national telephone survey found that 37% favor the legislation, 43% are opposed, and 20% are not sure.

Two weeks ago, 45% supported the plan. Last week, 42% supported it.

Opposition has grown from 34% two weeks ago to 39% last week and 43% today.

Interestingly, only 27% of independents support the package, indicating that President Obama would have to spend a lot of his political capital to turn them around.

Meanwhile, across the pond, support for British Prime Minister Gordon Brown’s similar stimulus package has also collapsed. In a poll of voters in the important “marginal” constituencies, where British elections are won and lost,

When asked about the stimulus measures adopted by Labour, 29% think they won’t make any difference and a further 35% say the difference made is not justified by the cost.

The Rasmussen poll also reveals that a tax-cuts only “stimulus” plan is more popular than the spending-heavy plan. It is a shame that the pollsters won’t measure support for a liberate-to-stimulate plan focused on reducing government-imposed barriers to economic activity. Cut red tape first, taxes second and you’ll be on your way to a cost-free package that genuinely deserves the label of stimulus.