As Politicians Argue About Wall Street Reform, Americans Appear Open To More Regulation

0 Shares

As politicians argue about Wall Street reform, Americans appear open to more regulation 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. ADNFCR-1961-ID-19833195-ADNFCR

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.