You are herecontent / Oh Well That's All Right Then: 6 Percent of Americans SUPPORT Giving Our Money to Bankers
Oh Well That's All Right Then: 6 Percent of Americans SUPPORT Giving Our Money to Bankers
A new Zogby Interactive poll shows support scraping bottom for giving federal money to shore up big banks. The survey of 4,112 adults completed last week found only 6% believe we should “continue providing government money to banks, as well as buying their troubled assets, with the hope that banks will increase lending” as the best option to take regarding failing big banks.
Slightly more than one-half (51%) oppose providing any more federal money to banks, “even if that means some of the banks would go out of business.” The third option we gave respondents was a temporary takeover of the most troubled banks, with the government eventually selling the banks back to private investors. Nearly one-third (32%) like that idea.
The survey also tested whether adults believed President Obama was forcing change too quickly, with 32% agreeing. That was less than the 38% of said Obama’s actions have been “just about right.” The third option was that Obama “has been too timid and should take more bold and immediate action,” which was the choice 10%. The remaining 20% didn’t like any of those options, or were not sure.
There was considerable partisan difference on this question, with 62% of Republicans saying Obama is bring too bold and 66% of Democrats saying he is “just about right.”
If you are one of those who oppose the current bailout program, would you be just as opposed to a temporary government takeover of some banks? Do you have any other ideas about how to free up capital for lending?