Poll: Majority of Americans want bailout to help Main Street, not just Wall Street.
By on Sep 26th, 2008 at 2:38 pm
Poll: Majority of Americans want bailout to help Main Street, not just Wall Street.
A new USA Today poll finds that 78 percent of Americans agree that Congress should pass a plan to rescue America’s financial markets, with 56 percent saying the plan should be different from the original one proposed by the Bush administration last week. Sixty three percent support limits on CEO compensation for corporations who participate in the bailout and 80 percent say provisions to help homeowners unable to afford their mortgages are “important.”
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In addition to a pox on their Wall Street Houses, we’d like a tax on their Wall Street Profits to pay us back, with interest.
September 26th, 2008 at 2:42 pmHehehe…Wall Street to the GOP: Drop Dead:
http://www.usnews.com/blogs/capital-commerce/2008/9/26/wall-street-to-gop-drop-dead.html
September 26th, 2008 at 2:42 pmBREAKING:
This just in. Another poll has been conducted, this time the poll questioned members of the Bush administration and Congressional Republicans.
The polls findings?
90% of Republicans polled said they couldn’t give a rat’s a$$ about Main Street, and all those welfare queens can go suck a fat one
while 10% of Republicans polled are actually human (I’m being generous today, just like our gov’t is with OUR money
September 26th, 2008 at 2:42 pmAmericans are waking up in time to find out they’re being screwed. There’s hope.
September 26th, 2008 at 2:42 pm.
I want to know when Americans will see their dividends from all this reinvestment of their taxes into the stock market…
.
September 26th, 2008 at 2:44 pmGotta wonder how much 1/12,000,000th of a share of Lehman bros would be worth…?
September 26th, 2008 at 2:45 pmIt’ll be right around the time that we declare victory in Iraq for the last time…
September 26th, 2008 at 2:46 pmIf Wall Street wants my money, I want VERY strict rules and regulations in place- WITH TEETH!
Restore Glass-Seagall act, with more rules to bring it up to date, and NO ‘golden parachutes’ for CEOs and other tycoons, and criminal prosecutions for those who have ripped us off, as well as confiscations of all their assets-even their Swiss bank accounts and villas on the Riviera.
September 26th, 2008 at 2:47 pmThe Flat Earth Society is down some members.
September 26th, 2008 at 2:48 pmProtest on Wall St. today.
September 26th, 2008 at 2:48 pmI’m surprised that it’s not a majority against the “bailout” altogether. I’ll bet if they found out what the “bailout” really entailed, they’d be 100% against it. And then they would vote out their congress person if they voted for it.
September 26th, 2008 at 2:49 pmHere’s what some Americans think:
September 26th, 2008 at 2:50 pmhttp://www.alternet.org/blogs/peek/100370/bailout_protesters_send_a_strong_message_from_wall_street/
Obviously, thousands of welfare queens drove their Cadillacs (with big screen TV’s in the back seat)through the plate glass at Lehman, Goldman, and Morgan Stanley. How they repaired their cars in time to crash WaMu, I can’t figure out.
Chuck Shumer noted the economies clogged arteries. He couldn’t have picked a better example. The uninsured patient now has a choice of a $700 billion lengthy procedure to clear out the plaque or not get care. Then it must fix its diet and start exercising. That means big increases in interest rates, the other elephant in the room besides John McCain.
September 26th, 2008 at 2:52 pmUncle Ho
Agreed!
Yeah who is gonna pay for us being ripped-off beside the taxpayer?
All so all the money that’s given away to Israel and other prosper countries should ceased.
September 26th, 2008 at 2:53 pmWhy can’t Barney Frank spell out Who, What and Why are getting bailed out ? It is our money, don’t we have a right to decide yea or nay ? So complicated so just trust them ? Where has the oversight been for the last 8 years, even the Dems ?
September 26th, 2008 at 2:54 pmAnd, let the lobbyists that are frantically pushing, put the money into the pot instead of into campaign pockets.
September 26th, 2008 at 2:55 pmAfter 28 years of trickle down bullcrap its way past ime to throw a bone to the people who actually do the work of keeping this country afloat. Wall street fat cats can suck eggs.
September 26th, 2008 at 2:59 pm.
QUESTION:
Is the urgency tied to the end of the FY’08…
Budget for FY’09 is well over $1,200,000,000,000.00 already…
.
September 26th, 2008 at 2:59 pmIt turns out Wall Street had no health insurance and needs the public to pay for its clogged arteries:
http://peureport.blogspot.com/2008/09/what-to-do-when-doctor-says-all-options.html
The doctor says no good options remain.
September 26th, 2008 at 3:03 pmDoing some research All of WallStreet is NOT going under, stable stocks are hanging in just fine. More and more I feel it is a sham that OUR 401K’s will go under without immediate help. Why is Reid and Frank pushing so hard ?
September 26th, 2008 at 3:04 pmMax-1 Says:
QUESTION:
Is the urgency tied to the end of the FY’08…
———————————————–
Answer: you know it is. It is entirely possible that they won’t be able to steal 3 elections in a row, and then they won’t have the leverage they have enjoyed. One last free ride, or “one for the road”. They didn’t expect it to be such a bumpy road… maybe more money in infrastructure would have helped smooth the last leg of the ride out for them… but foresight is not REALLY a strongpoint of many politicians or most of Wall Street.
September 26th, 2008 at 3:05 pmbadmoodman @#2 ~ How sweet it is!
September 26th, 2008 at 3:11 pmI wonder if that rock ribbed consertvative is going to try to claim credit card fraud or just dispute the merchant!!
We will NOT be living in the stone ages if some of these “too big to fail” institutions go under (and that is ASSUMING that their claims of “about to go under right now… ummm.. NOW….. ummmm… NOW….” are true). Those who will suffer the most without the bailout are the 1% ers, and they are DANG scared.
Seen the other day on another TP thread: Nixon speaking on companies that “are too big to fail”:
“Tell them to get smaller.”
Great quote, slimy politician (perfect republican).
September 26th, 2008 at 3:12 pm“78% — say Congress should approve a historic bailout of the nation’s financial markets”
I don’t buy that for one solitary second. My sense is that the American public is more than outraged over this.
September 26th, 2008 at 3:16 pmIt would be much better to save that 700B for the next banks that fail through the FDIC. Is it true that 200 Financial experts are against the bailout as Shelby a (R) said ?
September 26th, 2008 at 3:17 pmI am believing it is the 1% that stands to lose its comfort zone. Gee too bad about that.
What they’re not saying is:
Without the bailout interest rates will reset to cover the now much higher risk. Everyone could be charged pay day loan rates. The big money boys are doing that to each as I write. That’s what froze up the credit market. The fat cats don’t pay those kind of rates.
Clean up the risk or price it into interest rates. That’s the choice our elected leaders aren’t telling us. Sure, they dance around it with harder to borrow money, fewer jobs, etc.
I’d like to know how high they think rates would go without intervention. 10, 15, 20, 25%? I don’t have a clue, but they will soar without intervention.
September 26th, 2008 at 3:18 pmPat Buchanan, who generally is laughable, said they are getting 100 to 1 to NOT BAILOUT. The White House is using fear once again to cover their ass with the campaign donors.
September 26th, 2008 at 3:19 pmIt’s a huge giveaway to corporate debt welchers who don’t deserve it. America would get more credibility in the world if will lived our “free market” ideas.
But severe economic pain turns over Congressional seats and the resident of the CorporaWhorehouse at 1600 Pennsylvania Avenue.
We are talking severe economic pain either way. It’s time to pay the piper for those long years of engineered cheap credit and shoddy loan practices.
September 26th, 2008 at 3:24 pmOf course Bush doesn’t want to help the poor, they are not the “Have and Have More” types that line his pockets.
As I watch King5 news here in Seattle they are throwing the homeless tent city people out or they get jailed within the next 24 hours.
You can bet that this bail out of wallstreet is going to do nothing but put us in more debt and then we will be seeing millions of people in the same condition.
Got Depression?
September 26th, 2008 at 3:28 pmBuckie, got your pink dye ready for your tent?
September 26th, 2008 at 3:36 pm#7 liberal traitor Says:
But, but, but Sarah just said we succeeded…
September 26th, 2008 at 3:37 pmI don’t have a dog in this fight, but the people who are really hurting weren’t making six figures until recently. Moreover, CBO said the bailout could set off a chain reaction of failures.
September 26th, 2008 at 3:41 pmRUCerious Says:
Buckie, got your pink dye ready for your tent?
Actually, I have been considering putting together a just in case we all get homeless and unemployed kit….Jeep, trailer, tent, stoves, living gear, building tools, gardening tools, seeds, everything to survive.
Why? Because I think it just might be a big lie and we are going to head into a depression so vast that most of America will be unprepared for it…
…but I sure hope not….elect Obama…or die…slowly
September 26th, 2008 at 3:44 pmThe polls are exactly why the language (on both sides) is now shifting to “rescuing main street commerce” from “bailing out Wall Street.” Sounds better but the action is the same. And the results are still unknown. As was said by Shakespeare “a rose by any other name would still be a rose.”
September 26th, 2008 at 3:48 pm“bail out main street”.
Sounds nice. And it’s utter BS if done with money instead of rules.
You need to think about the origin of the money spent by the state.
Taxes? You cannot pay taxes, then get these taxes back to bail out yourself. This pretty much prohibits any federal financial action to support so many home owners.
Loans? Who wants to lend money tot he U.S. at good conditions anymore? The Chinese want safer assets.
Created money? Say hello to the inflation or stagflation!
And should the state really “bail out” home owners who lived beyond their means? Isn’t it their fault?
Why not accept that they lose the houses and need to rent the same or another house?
The state should ensure that sold houses can be used asap again – sold or rented. That would be a proper help for “main street”.
Seriously, the economic-political system needs to learn how to work without a major crash once per decade!
September 26th, 2008 at 4:18 pmI know it’s a bit long but you might learn something:world capitalism in crisis
September 26th, 2008 at 4:41 pmWeird to read Marx pretty accurately describing what’s happening now way back in Capital vol.3 chapter 30 there at the end isn’t it?
But not the House Republicans.
September 26th, 2008 at 4:58 pmworld crony corporatism in crisis
FTFY
September 26th, 2008 at 6:43 pmHow the government rakes you over the coals.
http://www.youtube.com/watch?v=byebxE9k4vo&eurl=http://www.spiderednews.com/
September 27th, 2008 at 2:35 pmsohbetSallie Mae put a hold on that and actually has the nerve to tell you on the phone that it’s not is not good for students to consolidate econmically based on the current rates. So getting 7% instead of 10 to 18+ is bad? Come on lol.
April 26th, 2009 at 12:50 pmcetCompanies like that have been pushing deregulation in that market heavily. They’ve removed Bedava mp3 indirbasic bankruptcy protections entirely. They’ve managed to get things federally guaranteed.