Posted on 09/24/2008 7:42:20 AM PDT by stockpirate
Most Americans are closely following news reports on the Bush Administration’s federal bailout plan for the country’s troubled economy, but just 28% support what has been proposed so far.
Over one-third of voters (37%) oppose the $700-billion plan, and nearly as many (35%) are undecided, according to a new Rasmussen Reports national telephone survey taken Sunday night. Details of the plan were made public on Saturday.
Investors, who account for 62% of the nation’s voters, are evenly divided on their views of the plan: 36% favor it, and 36% oppose it. Twenty-eight percent (28%) are undecided.
Among non-investors, only 15% support the plan, while 41% oppose it. A plurality of non-investors (43%) are not sure yet what they think of it (full demographic crosstabs are available for Premium Members).
Adding weight to the large number of undecideds is the finding that 82% of Americans are following the bailout story, including 44% who say they are following it very closely. Sixty-five percent (65%) say they are at least somewhat confident they understand the reasons why the plan is being proposed
(Excerpt) Read more at rasmussenreports.com ...
Anyone know what the total amount of mortgages held in the US actually is?
If they can’t pass this stinker right away, the protests will grow incredibly loud. Hope McCain knows this.
Who has more campaign people tied to the bailout scandal (or failures of Fannie & Freddie)? Barry or McCain? It looks like Barry does. Then why did Barry gain a few percentage points during this period? Can someone draw me a picture (other than the obvious media bias)?
Bad news, a weekend report stated that the bailout will also include the following: student loans, credit cards, auto loans and foreign company’s.
I want to know WHY they oppose it. If some oppose the plan because they are not getting to pig out at Uncle Sam’s feed trough too, then they don’t count.
Thus, to save America, Osama must become our POTUS!
Because of blatant, wide scale lying by him and the MSM that would make Goebbels blush.
McCain should come out against this to save his campaign.
It’s become an uphill battle, due to the fact that the current President is a Republican and so is he.
That trillion+ spent in Iraq really seems like a good “investment” now, eh?
Congress generally sits around and wastes time debating various issues, and frequently the legislation they discussed is allowed to die.
Here, we’re trying to pull together, in a couple of days, complicated legislation with a price tag in the neighborhood of a trillion dollars. Maybe this is good policy, maybe it’s not. But you’re talking about a major intervention in the economy, with a huge price tag. This subject should be discussed and debated, not just pushed through because an election is coming up.
They see it as a bailout only for the rich.
About $14 trillion in total mortgages outstanding in the US, and about $1.foo trillion in HELOC’s.
This is according to the Fed, end of 2007.
“Then why did Barry gain a few percentage points during this period? Can someone draw me a picture”
Yes when it was first breaking the Republicans & Bush did not attach this to the Democrats in the new tone that Bush loves, and Bush didn’t announce an FBI investigation until yesterday, so the Democrats starting pointing at Republicans.
From Hot Air: Update: 57% support bailout, says Pew
This gets me, about the credit cards and student loans. I thought this mess on Wall Street was related to bad mortgage loans, and the related mortgage backed securities that were sold. What do other types of lending, such as credit cards, student loans, and car loans have to do with the problem on Wall Street?
Is this an overall economic lending problem, not just a problem with bad mortgages? Is the news about the mortgage lending just the tip of the iceberg?
I have a lot of ultra-liberal (basically socialist) friends and they oppose this too...to them, they want to see the wealth of these “Bush supporting fat-cats” seized and given to the “poor oppressed” who can’t pay their subprime mortgages.
Bailing out Wall Street is not a liberal vs. conservative issue. People on both sides of the fence are plenty pissed off at the thought of $700 billion of taxpayer money going to prop up companies that got themselves into this mess with their risky derivatives plays.
}:-)4
Americans don’t believe Big government is the solution. McCain needs to pounce on this. The GOP can not be seen to be going along with this horrible bailout. Dump President Bush, he is wrong on this, he was wrong on immigration and remember he has still not changed his mind, he was wrong on compassionate conservatism (big spending), and he is wrong again. This is an opportunity to take back the fiscal high ground. The GOP tried in 2005 to reform Fannie Mae and Freddie Mac, and the Democrats blocked the passage of the reform bill on party lines. They are not the architects of a solution to this problem they are the architects of this problem. That should be the message.
It’s simple. The majority of the sheeple have had it drummed into their heads for more then 70 years that Wall Street = Republicans. So when things like this happen, regardless of the facts the Rats will gain and the GOP will lose support.
Dump Bush! He is wrong on this and his lack of judgment colluding with Democrats, calling them patriots as they tore down our troops, and going along with their social spending. It is time to break from Bush. He is going to lose this election for McCain if McCain doesn’t wake the hell up.
Most I know oppose the plan becasue it will Nationalize three of the largest corporations in the world.
It will put the socialists in charge of the money in our country, becoming one big slush fund.
Plus have you heard anyone say to repeal the laws that caused the problem? NO
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