Support for Bailout Plan Now Down to 24% ~ Rasmussen

[mzmolly]

Saturday, September 27, 2008

The more voters learn about the proposed $700-billion taxpayer-backed Wall Street rescue plan, the less they like it. Most voters remain largely unworried about their own money, too.

Just 24% of U.S. voters now favor the plan first proposed by Treasury Secretary Henry Paulson a week ago and the subject of very public negotiations on Capitol Hill ever since, according to a Rasmussen Reports national telephone survey taken Friday night. Fifty percent (50%) oppose it, and 25% are undecided.

Six–out-of-10 voters (60%) remain worried that the federal government will do too much to bailout the ailing financial markets. Only 28% think the government will not do enough.

Fifty-one percent (51%) of investors oppose the plan, and 63% of them worry the government will do too much.

More at LINK

[Earth_First]

1. What is *'s current approval rating? n/t

[Olney Blue]

2. Frankly, I'm confused about the whole damn thing.

[Possumpoint]

3. Bailout Plan

No, HEll No!

[wilt the stilt]

4. There is a valid reason for the bailout plan

and why it has to come from government. The capitalist system is based on liquidity and trust. If everyone becomes insolvent then all capitalism falters. The private market can't guarantee it because they can default. The government has to guarantee it because it will not become insolvent. That is why T-Bills are always as good as gold. If worse comes to worse a government can print money. It will not go insolvent. That is why the government has to bail out the banking system. The financial system is the core of capitalism

[mzmolly]

5. But why do we need 700 billion to instill "trust?"

I think we better find a better way to explain this to the public if nothing else.

[wilt the stilt]

7. What I said is a very dire way of putting it

and if we explained in those terms people would panic. However, other governments need to see our commitment in order to keep peace in the financial world. If not watch the run on the banks. If only people took some history and economics instead of saying history is boring.

[Tierra_y_Libertad]

6. Sometimes, the American people can tell the difference between ice-cream and bullshit.

This is one of those times.

[SlowDownFast]

8. Yup. Exactly.

NO BAILOUT!!!

[The Straight Story]

9. In that case, it will probably pass easily

:)

[mzmolly]

10. Indeed.

:crazy: