As Politicians Argue About Wall Street Reform, Americans Appear Open To More Regulation
June 16, 2010 by Special To Personal Liberty
With congressional negotiations on the Wall Street reform bill heating up a new poll has found that many Americans support some form of regulation, but it also depends on who or what is regulated.
A new Harris Poll found that 40 percent of respondents favor stricter regulation of businesses and only 19 percent would rather see fewer rules.
Among the top sectors Americans would like to see regulated are food safety (73 percent), executive pay and bonuses (70 percent), pharmaceuticals (70 percent), banks (69 percent) and environmental safety (66 percent). More than 60 percent would also like to see big business be subject to tighter oversight.
The poll also found that Democrats are generally for more regulation than Republicans, even though the latter came out strongly in favor of imposing rules of the food sector, executive compensation and banks.
On the other hand, among self-declared Tea Party supporters, a clear majority (48 to 21 percent) favor less strict regulation overall.
The survey was released just hours before Democrats and Republicans met among partisan bickering on June 10 for conference negotiations to finalize new Wall Street regulations.