Americans Oppose Bailouts, Favor Obama to Handle Market Crisis

[cal04]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYK_5_fV5D4M&refer=home

Americans oppose government rescues of ailing financial companies by a decisive margin, and blame Wall Street and President George W. Bush for the credit crisis.

By a margin of 55 percent to 31 percent, Americans say it's not the government's responsibility to bail out private companies with taxpayer dollars, even if their collapse could damage the economy, according to the latest Bloomberg/Los Angeles Times poll.

Poll respondents say Democratic presidential nominee Barack Obama would do a better job handling the financial crisis than Republican John McCain, by a margin of 45 percent to 33 percent. Almost half of voters say the Democrat has better ideas to strengthen the economy than his Republican opponent.

Six weeks before the presidential election, almost 80 percent of Americans say the U.S. is going in the wrong direction, the biggest percentage since the poll began asking that question in 1991.

[FrenchieCat]

1. So Obama should not vote for this bail out......

period.

I wouldn't, if I were him.

[Sulawesi]

3. Some bailout is needed, but the form of this sucks and gives too much power to treasury...

A bailout should involve oversight, and CEOs of firms that get taken over should earn government salaries, as new employees of uncle sam.

[mzmolly]

6. I agree. Find a reason to vote no.

I think we're being played? I'm officially open to changing my mind on this but after watching the hearings I am leery.

[mia]

2. Obama should cast a vote - Nay.

To not show up would be a huge mistake.

[FrenchieCat]

4. I'm glad this shit is being slowed down.....

[FrenchieCat]

5. Why is this not being kicked and recommended?

[mia]

7. K & R

:kick:

[Kdillard]

8. I don't think anything should be given unless it is something like the Dodd

bill in which case and providing that it is absolutely necessary I would feel comfortable with a yes vote by both republicans and Democrats. If the Republicans don't get on board then no dice. The NY post and the President were already trying to blame the Dems for the hold up of this bill even though in the current form it is just ridiculous. Dems need to show caution and not let themselves get bullied. Concrete goals and assurances must be given along with oversight.