Only 25 percent of Americans support bailout plan.
By on Sep 23rd, 2008 at 1:10 pm
Only 25 percent of Americans support bailout plan.
A new Rasmussen poll conducted on Monday finds that 44 percent of Americans oppose the Bush administration’s $700 billion bailout plan, up from 37 percent a day earlier. Twenty-five percent support it, and 31 percent are undecided. Thirty-five percent believe it will help the economy, while 30 percent say it will hurt it. (HT: LA Times)
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33 Responses to “Only 25 percent of Americans support bailout plan.”
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That's a high approval mark for the Dumbya - 25%.
I'm sure he'll take it as a sign of success of his idea.
September 23rd, 2008 at 1:12 pmSounds like the same 25% who trust Bush.
¶ AIO
September 23rd, 2008 at 1:13 pmAmericans deserve the same explanation given to our elected leaders last week, the one that took the oxygen out of the room.
Bush and his F-Troop have not clearly stated the problem, nor have they nailed down a plan to address it. Paulson, Bernake, Cox and a Fannie/Freddie guy are dancing in front of the Senate Banking Committee as I type.
It sounds rather Katrina-ish. "Unprecedented event, requires urgent action a week later, trust us."
September 23rd, 2008 at 1:14 pmAmericans are amazing people -- they are generally willing to accept education as a cure for ignorance (although there ARE the 25%ers), and as education replaces ignorance, it's interesting to see how this affects opinion.
September 23rd, 2008 at 1:14 pmPoll internals...they asked 100 people...75 average joe's and 25 investment bankers...
September 23rd, 2008 at 1:16 pmBernake just said, "The failed bank model" does not apply. That's because the excesses are outside the traditional banking system. And the distortions blew up last week on the "coverage" side of these volatile instruments.
September 23rd, 2008 at 1:17 pmThis is what happens when the media actually decides to report on a story and give the facts to the public.
The American People, aside from that 25 percentile that are perfectally happy with their head buried in their posterior, are not as dumb as the media and the Republicans think they are...which give me great hope in the upcoming election.
September 23rd, 2008 at 1:20 pmA new Rasmussen poll conducted on Monday finds that 44 percent of Americans oppose the Bush administration’s $700 billion bailout plan, up from 37 percent a day earlier. Twenty-five percent want it's name changed to "rescue plan", and 31 percent are watching "Dancing With The Stars".
September 23rd, 2008 at 1:22 pmHow dare that 50.9% that voted for Bush complain. They are part of the problem. They put Bush in charge just because they wanted to have a beer with him. Hope they wake up this election. Voting for McCain will just be more of the same because he doesn't have the answers.
I heard I report from Ohio where people from both suburban and urban areas are angry about this... duh... these Bush supporters need to accept their responsibility in this mess.
September 23rd, 2008 at 1:22 pmAmerican Research Group poll yesterday: 19% approve of the way Bush is handling his job. 77% disapprove.
September 23rd, 2008 at 1:22 pm82% say economy is getting worse, 13% staying the same, 0% economy is getting better.
That number corresponds to the number of idiots who still support BushCo.
September 23rd, 2008 at 1:25 pm
Cats r Flyfishn Says:
… these Bush supporters need to accept their responsibility in this mess.
Oh yeah? And who's gonna make 'em?
September 23rd, 2008 at 1:25 pm25% handicap of ignoramuses. No wonder they keep sending those emails from Nigeria and the GOP continues to run its rigged game.
September 23rd, 2008 at 1:25 pmCan someone help me out here? I keep asking this question, but get no response:
BUSH’S BAILOUTS: $1.8 TRILLION & COUNTING by Bob Fertik:
http://www.democrats.com/ bush-bailouts-1.8-trillion-and-counting
Is he wrong because he is counting some things twice? If he is right, then why is he the only one giving the total as $1.8 Trillion?
September 23rd, 2008 at 1:26 pmHave the 50.9% who were stupid enough to vote for Bush pay for this.
September 23rd, 2008 at 1:28 pmTo this Administration 25% is a clear mandate. The reason they are trying to steamroll this turd through Congress is the EXACT same reason they pulled this with the Protect America Act. Bush knows that if he doesn't get his way immediately, facts and public opinion will start to creep into view. That doesn't help his case. Expediancy through fear is all he knows.
September 23rd, 2008 at 1:28 pmPaulson just booted the question on other forms of asset purchases. He chewed on his tongue when asked:
Why does the bailout include student loans, credit card debt, and car loans?
Disaster capitalism, buying up all the big money house's asset junk.
September 23rd, 2008 at 1:29 pmKeith Says:
-------------------------------------------------------------
American Research Group poll yesterday: 19% approve of the way Bush is handling his job.
0% say the economy is getting better.
Who are these 19% that approve of a bad economy?
September 23rd, 2008 at 1:30 pmOne the one hand I'm undecided about a "bailout" whilst on the other I'm not sure if I should be undecided about a "rescue".
I'm also on the fence about the amount being bandied about.
I hate to think of the government forking-over $700 billion, only to discover that they only needed to spend $695 billion, though on the other hand what if it really ought to be $710 billion?
Maybe Robert Mugabe could help us out here? After all who knows more about economic crisis and ridiculous numbers of dollars than him?
September 23rd, 2008 at 1:30 pmI am watching Paulsen on CNN right now in the Congressional hearings. I can't say that he inspires confidence. The totals in the "oppose" column will likely go up to the extent that others are watching CNN right now, too.
It is increasingly clear that there really is no recovery or rescue plan here. There is only a naked attempt to exchange all the "bad bets" for taxpayer money to the exclusive benefit of the companies that have gamed the system, created and abused devices like naked "credit default swaps" and have lobbied and contributed to the campaigns of the legislators who have aided and abetted them.
This is a pig no amount of lipstick could possibly cover up.
September 23rd, 2008 at 1:34 pmI think we do have to remember that most of the Democrats in Washington are just as rich as their Republican counterparts and they didn't get that way through clean living and fresh air, but by being just as scummy and gladhanding as their friends across the aisle.
We, Democrats and Republicans alike, have to remember those elected officials who put their own self interests ahead of those that elected them. It is time to clean house on both sides... but we can't do that if we continue to meekly drink the koolaid... and we can't do it if McCain is in office (I sense concentration camps for dissenters)
September 23rd, 2008 at 1:36 pmThe private sector locked up.
Translation: The big money boys are charging payday loan rates to each other to cover their unregulated credit instruments. That's for poor people, not us.
We have to act quickly.
Translation: The big money boys want their money back, the most direct route, and now. That's for poor people to pay.
September 23rd, 2008 at 1:39 pmhttp://www.sanders.senate.gov/news/record.cfm?id=303340
Sign the petition, no bailout.
September 23rd, 2008 at 1:41 pmKeith Says: Can someone help me out here? I keep asking this question, but get no response:
Well I don't know but maybe the $1.8T comes from $700B + interest?
Prior to this one-point "rescue" 'plan' the Gov already committed $200 billion it previously said it didn't have to spend on Vet health care, infrastructure, Soc.-Sec, SCHIP, shoring up the sinking USD and so on.
September 23rd, 2008 at 1:44 pmAdd to that the fact that many US taxpayers can't afford their mortgages can;t afford to buy gas as much, or food, or health insurance, or college or credit cards or luxury goods that would otherwise generate sale-tax revenues and given that incomes have dropped resulting in a lower income-tax base for Govt . income and that property values have dropped further reducing govt, income...( deep breath)....the money has to come from SOMEWHERE--like from foreign loans from stronger foreign economies which will charge interest and want to be paid in currencies stronger than the US dollar.
The only way you're going to actually save the economy is by keeping distressed homeowners in their homes.
700 Billion isn't going to cut it. It's just too expensive, and I do not and should not believe Bernanke and Paulson, who lacked the foresight to see the house of cards falling. You could notice only sinister optimism from them and the rest of the GOP. So they can't tell me that "the original plan must pass..or else the financial markets will fall."
All of these self-infatuated nuts can go to hell. They've forever laid to rest the myth that the free markets can take care of itself. In their quest to keep everything hands-off, they have made hands-on more urgent and expensive. Extremely expensive.
September 23rd, 2008 at 1:45 pmSenator Bob Corker (R-TN) asked about the bailout buying second liens. It is in the mix for purchase, or at least not ruled out, according to Ben Bernake.
Credit derivatives
September 23rd, 2008 at 1:48 pmSecond liens
Student loans
Credit card debt
Car loans
A man with a briefcase can steal more money than any man with a gun.
September 23rd, 2008 at 1:55 pmAs one of this majority I'd like to see us carry the day, for once! Call you Senators and Congressman, email them. Fax them. Let them know we're tired of making the rich, richer at the expense of ourselves and our children and grandchildren.
September 23rd, 2008 at 2:30 pmKeith,
September 23rd, 2008 at 2:31 pmGo here: http://www.cnbc.com/id/26808715
we will forever have a quarter of those polled who are too fuking dumb to know the difference between night from day.
September 23rd, 2008 at 2:37 pmThis "bailout" is merely another looting of the treasury brought to you by our favorite bunch of theives, Bushco. How many times do you have to be lied to before you stop being gullible?
September 23rd, 2008 at 4:38 pmIf this were any other country, there would be revolution in the streets at this very minute. This is war, and most of us are too numbed by all the BS of the last seven years to react to react.
I think a bailout could be a good idea, but having the same people run it who ra the Iraq war and Hurricane Katrina recovery is just a terrible idea. I think we should do the minimum necessary to see us through to February when we (hopefully) will have a competent leader to make decisions for this country.
September 23rd, 2008 at 5:56 pmWaltTheMan Says:
Keith,
Go here: http://www.cnbc.com/id/26808715
Thanks Walt, you the man. Okay, that makes two that are saying one thousand eight hundred billion dollars----not seven hundred billion dollars. They are both using Reuters as their source. Why don't we all start giving the correct figure and stop giving the $700 billion figure?
I have emailed about 50 different media. Why don't we all do that and insist they use the correct figure of $1.8 TRILLION!!!
http://www.democrats.com/ bush-bailouts-1.8-trillion-and-counting
September 23rd, 2008 at 6:22 pm