Public Isn't Buying Wall Street Reform: AP Poll

[depakid]

Americans aren't convinced new Wall Street rules will prevent a future financial crisis.

An Associated Press-GfK Poll finds that 64 percent of those surveyed aren't confident that a financial regulation overhaul before Congress will avert another meltdown. Lawmakers concede that they can't predict what a future emergency might look like and have designed the sweeping bill to avoid a recurrence of the 2008 financial collapse.

The legislation, now in its final stages, would force regulators to watch for financial threats, set up new consumer protections and police previously unregulated financial products.

The poll shows that Americans spread the blame for the last crisis widely: 8 in 10 blame banks for the crisis, while 7 in 10 blame the government. About 6 in 10 blame people who borrowed money that they couldn't afford to repay, while less than a quarter blame President Barack Obama, who was came into office after the meltdown.

Amid competing news, particularly the Gulf oil spill, only one-quarter of poll respondents said they were very closely or extremely closely following news about the Wall Street legislation.

More: http://www.huffingtonpost.com/2010/06/21/wall-street-reform-poll-ap_n_620421.html?ir=Politics

They're right- though not always for the right reasons. Bottom line: the Dems have a lot of selling to do (and they own the next meldown ).

[FrenchieCat]

1. Same folks who cry about the Oil spill while supporting deep Water drilling!

With so many in the pile-on dropping shit bricks on Democrats no matter what they do....
of course things done always without help of Republicans, Americans will eventually get
what they have always deserved.......most of them anyways.

I just don't want to hear the fucking screaming then....
cause it will only mean we had a chance,
and instead of getting what we could get done done,
so many decided that a great strategy was to consistently piss
on everything done as not being good enough. Sad lot.....we are.

[arcadian]

18. Obama supported Deepwater oil drilling

does he still?

[Bluenorthwest]

19. Gosh, one of the things I criticized Obama about was his

support for off shore drilling, which he claimed was generally safe. He also said incorrectly that there were no platform spills after Katrina. He was wrong, as we can all see each day. Those who criticized those words and that policy were right. Had he listened to us, he'd be in clover today, not up to his brows in crude and brine. Think about that.
And to be pointedly honest with you, I do not despise my fellow Americans so that I think they 'deserve' bad things, just because they, for example, support offshore drilling with false words, or because they oppose the full equality of all minorities. Think about that, too.
You supported his declaration that drilling was a great idea. I offered that those words were not correct and could do him great harm.
Criticism and praise are both to be given according to that which is, not according to who it is. Undue praise is even more harmful than undue criticism. Think about that as well.

[truedelphi]

2. Does anyone know wha the New Financial regs mean for Small Community Banks?

Is it good news or just the same old same old?

[alsame]

3. We need Glass Steagall. At the very least. nt

[Ernesto]

12. YES

[ProSense]

4. How does a poll from 11 days before the final bill indicate anything? n/t

[shraby]

6. That's my question..it just passed. How does anyone

know what all is in it..and..how many of the public would understand what it says if they had a chance to read it???

[SunsetDreams]

13. excellent question n/t

[pscot]

5. That's 21 people out of 10

A clear majority.

[Liberal_Stalwart71]

7. As long as the economy is horrible, sadly, these polls will continue to look bad. n/t

[BeyondGeography]

8. "The AP-GfK Poll was conducted from June 9-14."

Funny how the relentlessly negative poster left that out of the OP.

[Rosa Luxemburg]

9. it's June 26, 2010

[depakid]

11. Actually, the bill looked BETTER when the poll was taken!

and sorry, but I only do reality- not rah rahs for the choir. There's plenty of that here already for folks' consumption.

[BeyondGeography]

17. When the favorable polls come out as people learn more about the bill, I'm sure you'll post them

:eyes:

[depakid]

20. I'll surely comment on it at least- as I always do

You see- I'm old school. I choose to be honest and ethical. You know- that thing about doing one's homework and looking at things objectively, then tellin' it true.

Sometimes, people find that to be "negative."

I figure things are what they are- and it's best not to go through life with blinders on- deceiving not only others- but also one's own self.

[BeyondGeography]

24. Self-assigned moral superiority

I used to do that when I was younger.

[depakid]

26. Snark, rather than thoughtfulness

sounds like "younger" to me.

Then again, there are those who simply never mature.

[BeyondGeography]

27. Why don't you post the more recent data on this that you say you have, pops?

[depakid]

28. When more polling comes out- we'll see, won't we?

I doubt there'll be much change- the Dems sorry reputation has already been pretty well cemented over the past year.

And as I said, the bill was actually far better (and there were prospects for improvement) during the data collection period. before the Democrats caved AGAIN to the banksters and fraudsters.

I especially like the deals about "studying the ratings agencies" for conflicts of interest and exempting auto loans from consumer protection review. The former actually had the "60 votes required" so the usual excuses don't apply and the latter was corrupt influence at its finest.

Better still, these groups are almost as "popular" and ethical as health insurers and PhARMA- caving to them is sure to be a big hit during an anti-incumbent year.

[BeyondGeography]

30. The only people voting against or abstaining from supporting incumbent D's for those reasons

are folks like yourself on the whiny left, who are, of course, comparatively minuscule in numbers. Far more will vote against incumbent D's because Obama even dares to regulate business.

This thread, being based on two-week old numbers (which you fail to point out in your OP), is just another act of vanity on your part.

[Exilednight]

31. Yes, us on the :"whiny left" who help those in the center get elected. God forbid ............

that we actually voice an opinion or take part in our own democracy.

[depakid]

32. As Howard Dean said clearly: People didn't elect Dems to pass crap legislation

to which I'll add that they didn't elect Dems so that they could be seen repeatedly pandering to the corporate right and making backroom deals with some of the most "popular" groups in America- while bad mouthing and backhanding our constituencies.

You may think that "necessary," "appropriate" or expedient- but you will find that a majority of people don't -and that's why you're poised to lose the House and now, with Byrd's seat potentially in play- the Senate as well.

What's more- you're poised to lose it to by far the most pathetic bunch that's ever been seen on the modern political stage. Wow.

(on another note- the irony impairment is sometimes astonishing on this board- claiming "vanity" on my part- with the contents of that last post).

[BklnDem75]

10. It's an article from a week ago

about a poll from 2 weeks ago. Is there anything more recent?

[boppers]

14. Until a gambling market is closed, there will be swings, losses, and gaming the system.

Wall Street has no "fix", other than eliminating it entirely. Everything else is just changing the rules of gambling.

[babylonsister]

15. NEWSFLASH: Public doesn't have a clue what's in this bill.

Most of the public doesn't even know this bill is in existence.

[arcadian]

29. The group is the exclusive means of knowing "truth" or receiving validation, no other process

of discovery is really acceptable or credible.

[MadBadger]

16. I dont care either way about what the American Public has to say

They also believe racial profiling is A-Okay! (Arizona immigration bill).

[frazzled]

21. 99% of public has zero understanding of FinReg bill

That would include myself, even though I've read many articles from many sources on the subject. John/Jane Q. Public probably hasn't read a single thing.

[harun]

22. They know how corrupt their government has become. When all the banking

stocks soar after the bill is passed it doesn't take a genius to know what is going on.

http://blogs.marketwatch.com/fundmastery/2010/06/26/bank-regulation-passes-bank-stocks-soar/

[frazzled]

23. Mostly what they know is ...

that they believe the second coming of Jesus will occur within the next 40 years. (40% of Americans hold that belief, according to a recent poll).

If all you know about that bill and its provisions is from a one-day stock market change, you're truly uninformed.

[Aramchek]

25. up is down in the land down under