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Many Americans say big government is necessary

October 16, 2008 by  

Many people are welcoming government interventionA new poll reveals a shifting attitude about the role of big government in helping the U.S. out of the credit crunch.

The Bloomberg/Los Angeles Times survey, conducted on October 10-13, found that a larger number of people support the $700 billion bailout than oppose it.

This finding contrasts with the results of a similar poll conducted by Bloomberg/Times last month, which revealed that the majority of respondents were against the scheme.

Meanwhile, the majority of Americans seem to welcome some help from big government with their own financial problems.

The data indicates that a two-to-one proportion of respondents think the government should help homeowners who are facing foreclosure.

According to Bloomberg, some of this increased confidence in government action may be a result of positive activity in the stock market, which occurred just after details of the bailout were made public.

"They have to do something to spur the economy – otherwise, we’ll be further in the hole than we already were," independent voter Mike Hackenberg told the news agency.

The news comes after a recent survey by Reuters and the University of Michigan found that slightly more than half of Americans have lost confidence in the Federal Reserve in the past five years.
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  • Bob Livingston

    I don’t completely believe the above results… so I decided to take my own poll starting late this afternoon.  It’s still early yet, but so far we have just over 1,000 responses… and I thought you’d be interested in some of the early results.  –Bob

    The Total Number of people who voted in this poll: 1009

    1)
    Who is to blame for America’s current economic crisis?


    9% voted: The Bush Administration
    11% voted: Wall Street
    59% voted: Banks and sub-prime lenders
    8% voted: Real estate and mortgage professionals
    1% voted: Investors
    11% voted: Home buyers

    2)
    Do you agree a government bailout was the answer to America’s financial crisis?


    11% voted: Yes
    78% voted: No
    12% voted: Undecided

    3)
    Do you believe the American taxpayers should have to foot the bill for our financial systems mistakes?


    13% voted: Yes, we have to or we’ll end up in a prolonged recession or worse a depression.
    69% voted: No, America is too far in debt already.
    18% voted: Absolutely not, the American people should never be responsible for bailing out the private sector.
    0% voted: Undecided

    4)
    Do you believe the government bailout will ultimately rescue our countries financial system?


    9% voted: Yes
    18% voted: No
    71% voted: Undecided

  • Paul Zalvo

    Questions 2, 3 & 4 are poorly worded and thus, skewed.

    The bailout will not help mortgage payers. It is not intended to help them. It is intended to help banks lend to each other and subsequently the public. However, the plan hasn’t had a chance to really kick in yet and banks are already hoarding the cash instead of freeing up more credit…Oh, what a surprise!

  • http://gmail Judith Palm

    Hi, Just reading responses to your poll.  Absolutely, the government should NOT be helping banks or mortgage lenders.  I would also put real estate companies in the category of people to blame.  These supposedly intelligent people knew what they were doing & THEY SHOULD have to take the responsibility for their actions, not the American public.  These people should be made to pay back the monies owed for allowing people who were not qualified for the mortage loans in the first place.  Anyone who bought homes, condos or other real estate for investments, should have to pay the price for their own greed.  If these banks go under, so be it.  The economy will recover quicker without federal intervention, once these financial disasters are over.     

    • Biresh

      Is owning a home greed? Greed is what the wall street has done to the economy with its speculations. Most republicans worship not the Holy Bible but an atheistic man call Milton freidman who once sermonized that “Greed is good.” No wonder that the free market is dying with his death.

      • skipfoss

        You are without a doubt one of the obama sheeple,blame the republicans for all of the last 4 years that was conroled by the dems, you need to look at those incharge of Fredy and Fanny good old boys Barney whos boyfreind ran one of the companies and Dodd that cot all of those low or no intrest loans also the prince of bull shit Rangle. What needs to be done is for the finacal commitee to go through evey govenment agency and fire all of the excess people in EVERY dept,you have four for every one job,according to all officals when we put these computer systems in the computer would be able to do the job of five workers so why are those other four still drawing a check. Most of it can be blamed on the union,the rest is due nepitism and favor pay backs,start cutting the dead wait in all of the government offices and departments then cut the pay of these congresmen and senators by half or more and cut out the perks they can supply their own housing cars and buy their own gas and thake their credit cards supplied by us and cut them into little peices

  • TeresaE

    The government cannot fix a hole in a sock.

    Name ONE program where our federal (and most states) runs efficiently and correctly without unintended horrors.

    I can’t.

    Everytime the feds “help”, we end up screwed and profit margins for the biggest thieves grow.

    Time to realize that our government does not work for us, the government works for government unions and the largest taxpayers (mega-corporations and their leaders), not the common man.

    We are just at the beginning of this disaster and with all that is being done, I fully expect this to last a long, long time. 

    Good luck to us all.

  • ED HENCH

    iT IS FRIGHTENING THAT PEOPLE IN THIS COUNTRY ARE WILLING TO GIVE UP THERE FREEDOM FOR SUPPOSEDLY SAFETY.  EXAMPLE. PEOPLE GAVE UP EVERYTHING AND TRUST THEIR MONEY WITH BANKS AND OUR CORRUPT GOVERNMENT. WHAT DID THE CORPORATIONS DO, SPEND IT LIKE THERE WAS NO TOMORROW.  CROOKED MEETINGS. CEO’S AND OTHER TOP MANAGEMENT GETTING MILLIONS ON A FAILING COMPANY.  BARNEY FRANK-(D) MASSACHUSSETS, REFUSED ALONG WITH CHRIS DODD, AND OTHER DEMOCRATS AND REPUBLICANS TO REVAMP FANNIE MAE AND FREDDIE MAC, DUE TO THEIR LACK OF LEADERSHIP AND THE CORRUPTION IN CORPORATE AMERICA AND OUR OWN GOVERNMENT, IT HAS COLLAPSED.  I HAVE BEEN TELLING PEOPLE THIS SINCE 1999 THAT THE DAY OF RECKONING IS AROUND THE CORNER AND EVERYONE THOUGHT I WAS A DOOM SAYER.  BASIC ECONMICS WILL TELL YOU, THAT NOONE CAN KEEP BORROWING AND BORROWING AND SPENDING AND SPENDING AND SPENDING WITHOUT THE “PIPER” WANTING PAID.  WELL THE “PIPER” IS AT OUR DOOR, AND HE WANTS PAID, HE COULD CARELESS WHO GETS HURT, THE “PIPER” JUST WANTS THE MONEY. THAT PIPER IS CHINA, THE OPEC NATIONS, AND OTHER NATIONS WHO WE HAVE RAN UP HUGE DEFICITS.  LIKE SHEEP TO SLAUGHTER, WE VOTED THE SAME PARTY, ALONG WITH THE REPUBLICAN PARTY BACK IN, ASKING THEM TO SLIT OUR THROATS.   UNTIL WE AMERICANS WANT OUR FREEDOMS BACK, DO NOT BE SURPRISED WHEN THE GOVERNMENT SHOWS UP AT YOUR HOME OR WHEREVER, DEMANDING EVERYTHING YOU OWN AND PUTTING YOU ON A WORK FARM FOR THE GOOD OF THE COUNTRY THEY WILL TELL YOU.
    WE NO LONGER HAVE FREEDOM OF SPEECH. NO LONGER HAVE FREEDOM OF RELIGION, WE NO LONGER HAVE ANY FREEDOM OF PRIVACY,  WE NO LONGER HAVE THE FREEDOM TO CHOSE OUR OWN GOVERNMENT.  THIS IS NO ONE’S FAULT BUT OUR OWN. WE CONTINUE TO VOTE THESE PEOPLE, BOWING AND PRAISING THEM AS THE SAVIOUR OF THE COUNTRY. PEOPLE YOU NEED TO WAKE UP BEFORE THE GOVERNMENT SHOWS UP AT YOUR DOOR.
    WE HAVE AN EDUCATION SYSTEM THAT IS FAILING, YET THE STUDENTS CAN TELL YOU HOW TO USE A CONDOM, OR TELL YOU ABOUT BRITENY SPEARS OR WHOEVER IS THE LATEST CELIBRITY, YET 60% OF GRADUATING SENIORS OF 08 COULD NOT TELL YOU THE CONSTITUTION OF THE UNITED STATES, 80% COULD BARELY DO BASIC MATH AND SPELLING OR EVEN READ, AND 92% COULD NOT TELL YOU WHY WORLD WAR 1 AND 2 STARTED OR WHO HITLER WAS, OR TELL YOU THE COUNTRIES IN THE AXIS OF EVIL IN WORLD WAR 2.  YET WE HAVE KIDS MURDERING KIDS IN SCHOOLS, WE HAVE LOCKED DOWNS IN SCHOOL,  AND HAVE A POLICE STATE THAT EVERYTHING IS CONTROLLED BY AND FOR THE GOVERNMENT.
    LETS LOOK AT A POSSIBLE REASON FOR THIS:  IF YOU HAVE A COUNTRY THAT DOES NOT KNOW THEIR RIGHTS, OR UNDERSTAND THEIR HISTORY, AND UNEDUCATED, AND ALL THEY CARE ABOUT IS THE PLEASURES OF THE FLESH, AND MORE INTERESTED IN WHO IS WINNING THE FOOTBALL GAME OR ANY OTHER SPORT, THEY ARE AN EASY TARGET FOR COMPLETE DOMINATION AND CONTROL.  BE SOLD A BILL OF GOODS AND BELIEVING IT.

    BENJAMIN FRANKLIN SAID IT BEST. ” IF YOU GIVE UP YOUR FREEDOM FOR A MOMENT OF SECURITY, YOU DO NOT DESERVE FREEDOM”

    UNTIL WE VOTE PEOPLE IN THAT ACTUALLY HAVE THE WELFARE OF  THIS COUNTRY FORMOST, NOTHING IS GOING TO CHANGE. AND IF YOU THINK OBAMA HAS THIS INTEREST YOU ARE SADLY MISTAKEN.  THE GOVERNMENT WILL JUST TAKE OVER AND COMPLETE DOMINATION IS IMMENIENT.

    I DO NOT CONDONE RADICAL BEHAVIOR, I DO NOT CONDONE WAR TACTICS TO CHANGE ANYTHING,  WHAT I DO CONDONE IS  AMERICAN’S STANDING UP FOR THE CONSITUTION AND VOTING THESE IDIOTS AND POWER MONGERS OUT OF OFFICE BOTH REPUBLICANS AND DEMOCRATS, AND ELECTING PEOPLE WHO WILL PUT AMERICA FIRST, NOT THEIR POLITICAL CAREERS.    OUR REVOLUTION WAS NOT FOUGHT FOR NOTHING, AND YET WE ARE SURRENDERING OURSELVES WITHOUT A SINGLE CHALLENGE.
    THE CONSITUTION GIVES US THE RIGHT TO ELECT OUT OUR OFFICIALS, AND AT ANYTIME, WE CAN CHALLENGE OUR GOVERNMENT WHEN THEY DO NOT HAVE THE COUNTRY’S INTEREST AT HAND.  YET PEOPLE DO NOT VOTE OR JUST REFUSE TO GET INVOLVED.
    THEY WILL WISH THEY GOT INVOLVED WHEN THE GOVERNMENT SHOWS UP AT THEIR DOOR.

    IT IS TIME TO VOTE PEOPLE IN THAT WILL PUT AMERICA FIRST.

    THE DEMOCRATS WANT TO GIVE THE 25 BILLION DOLLARS TO THE CAR MAKERS BECAUSE IT IS THE UNION THAT GIVES THEM MILLION OF DOLLARS TO GET VOTED IN, AND THE UNIONS ARE DEMANDING PAY BACK TIME.

    THERE IS NOTHING WRONG WITH UNIONS, BUT TODAYS UNIONS ARE CORRUPT AND DO NOTHING FOR THE WORKERS AND ARE SELF SERVING.

    THE REPUBLICANS WANT BANKRUPTCY FOR THE  CAR MAKERS, NOT BECAUSE THEY WANT THEM TO FAIL, BUT THESE AUTO MAKERS HAVE GIVEN MILLIONS TO THE REPUBLICAN PARTY AND PAY BACK IS NOW DUE,  THEY WANT THE CONTRACTS WITH THE UNIONS TO BE VOIDED AND THEN REDONE.

    SO YOU TELL ME, WHAT PARTY HAS THE REAL INTEREST FOR THE AMERICAN PEOPLE. NEITHER ONE OF THEM DOES, IT IS PAYBACK TIME AND BOTH PARTIES HAVE THEIR DOORS BEING POUNDED ON.

    SO LETS DO THE PEACEFUL CONSITUTIONAL DUTY AND VOTE OUT THESE POWER HUNGRY SELF SERVING POLITICIANS AND PUT PEOPLE BACK WHO HAVE AMERICA’S INTEREST FIRST.

    • http://Digest R. Brady

      I have read your entire comment………..and I fully agree with you. I am so confident that Americans are wise enough to see what is happening to us. The education system is so poor, all by the design of the government. No amount of money will improve curriculum, and teach the children of the streets.

  • S C Mailen, Jr.

    Many things need to be said about big government and the obligations of individual citizens to keep America free. In short, anyone who loves big government is – like it or not – opposed to freedom. Look in the mirror, people.
    Incompetent politicians will always be with us. Incompetent citizens simply make things worse. Either learn to love big government, or do what you must to control it.
    We will have freedom or slavery. It’s that simple.

  • dmac68

    I don’t know if I am in the right category. But I think this gov’t is completely overstepping authority. The one thing that was brought to my attention is the Senate Judiciary Committee has a secret meeting to get a bill (law) passed very quickly. It is HR985. Obama Birth Certificate Protection Act. He will never have to show his B C or any school records that prove one way or another him being a Natural Born American Citizen.
    I feel that this is treason against the Supreme Court Justices that can not make any changes in this,and the Constitution and the People of America. Every Senator involved in this scandalous scam should be held on charges of treason.
    I believe the people of America should know what is happening to America the Constitution and Bill of Rights and the knife being put into the backs of the American People. i feel in my heart that this is a huge step in the direction of a dictatorship for America and the end of the American way of life. They have almost killed our Capitol system and have us headed in the direction of a 3rd world country under the ruling of the UN and NWO with an Obama type being our dictator.
    i would love to have the names of the Senators on that treasonous committee.

  • harry

    As most of us already know, the propagda being presented as fact or public concensus do not reflect what Americans beliefs or values. Wrong is wrong, however, no one wants to be held responsible.

    The present administration believes a four point win is a mandate, that moving from private to public run organizations will result in the betterment of us all. History provides numerous examples of failure implementing this approach to governance.

    No responsibility, leadership, common interest or values remain intact today . . . a loose confederation of minority interest control our destiny today.

  • http://none philip biggins

    This whole financial crisis was orchestrated by the thought out plans to to design and then market derivitives. Alan Greenspan stopped any regulations from being placed on them, since that would screw up the master plan. I wondered why any sane banker would loan money to someone who didn’t even have to verify they had an income??? EASY!!!! Credit Default Swaps! They got companies like AIG to insure(against default) the mortgages they held. They only get paid for them IF DEFAULTS HAPPEN!!!!! Just trace who initially developed them and also who benefited from CDS’s ,etc. THIS WAS A COMPLETE SET UP and almost everyone took the bait. Drive down the value of real estate was easy for banks who held the mtgs and “insurance ” against default. Back just before the beginning of the sub-prime debacle, banks were kind enough to inform the mkt. place that they thought defaults could happen . !! Drive the mkt down, cause defaults, collect your “insurance” for the default you “suffered” and then you can buy it back for pennies on the dollar . It gets even better !! Obama gave trillions of taxpayer $$$$$ to the banks to stop them from failing !!! What a joke ! He was going to “create jobs, get our armies out of Iraq and Afghanistan as soon as HE was elected!” Well, Henry Kissinger’s student sold us out folks!!! Same thing with this Global Warming LIE !! I am glad to see that it has been proven to be a lie in “ClimateGate” now that over 3,000 emails were hacked that prove it has been set up to further tax the population, but this time in ernest, almost the ENTIRE WORLD POPULATION will be taxed . WHAT U.S.A. CONSTITUTION???? The citizens have allowed their freedoms and rights to be stolen by banks that run the global Governments. The FED is the US’s biggest PRIVATE bank , period! THEY(Big Banks) make the gov’t go round. The banks can be traced back to a very small group easily !!! Time to wake up folks while you still have a chance of remaining “free” .

  • CUZIN ERN

    Yes, they need “BIG GOVT” Like they need another HOLE IN THEIR HEADS that only contains EMPTINESS…..

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