Americans Embrace Big Government to Help Solve Market Crisis

[depakid]

Source: Bloomberg

Oct. 15 (Bloomberg) -- Americans are looking to big government to dig the country out of the financial crisis, a Bloomberg/Los Angeles Times poll shows.

A plurality of voters support the $700 billion financial- market rescue bill President George W. Bush signed into law Oct. 4. That is a turnaround from a Bloomberg/Times poll in September, when a solid majority said it wasn't the government's responsibility to bail out private companies.

The poll conducted Oct. 10-13 also finds that Americans favor the federal government providing assistance to homeowners facing foreclosure, by a greater than 2-to-1 margin. And almost three-quarters say they believe insufficient government regulation contributed to the financial and housing crises, up sharply from September.

Poll respondents say they want government to step in. ``They have to do something to spur the economy, otherwise we'll be further in the hole than we already were,'' says Mike Hackenberg, 36, an independent voter and warehouse worker who is studying to be a teacher in Rainier, Oregon. ``They're making the right effort to back the banks and reassure foreign investors.''

Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=alhCRwBpIK0U&refer=home

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Not to make light of a very serious global situation, but this bodes well for our Senate candidates. Who knows, we might hit 60 yet.

[truthisfreedom]

1. Americans believe there's something in it for them. Unfortunatly, the powers that be will ensure

there's not a penny left for anyone but cronies.

[fasttense]

2. Funny how republicons were all small government, no socialism,

deregulate and deregulate some more. Then their welfare queens, the financial firms, got themselves into a huge mess.

Now republicons are all for saving their queens by any means. Socialism? No problem, we have to stabilize the markets. Huge federal government? No problem, we have to control the economy. Regulations? Sure, if it helps financial firms. Hypocrite thy name is republicon.

Funny how the American people get none of this free wheeling socialism handed out to the millionaires in banking and financing. Socialized Health care is horrible but socialization for the sake of a handful of CEOs, no problem.

[Skittles]

3. seeing their finances gutted is a big incentive to grab for a rescue paddle

yes INDEED

[StClone]

4. Kitty Chow for the Fat Cats Me-OUCH!

I firmly believe this was the biggest and baddest scam of the Bush Legacy. One more way of indebtedness piled on the U.S. Treasury and leave noting for the average person who built the country. No Social Programs unless it's handouts to the super rich.