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Poll: 61% of Americans oppose more bailout spending

January 16, 2009 by  

Enough bailouts, Americans sayMore than six in 10 Americans do not want any more of their tax dollars to be devoted to bailing out financial institutions, according to a new poll.

A CNN/Opinion Research survey found that the majority of people feel the first bailout was not successful and do not want to spend more in this way.

"One reason for the opposition to more money being spent may be that more than eight in 10 said that the first $350 billion of taxpayer money for the bailout didn’t work," said CNN’s polling director Keating Holland.

In fact, a similar poll taken by CNN back in October, before the bailout had been approved found that 56 percent of the public opposed the measure.

However, the newest findings do reveal that some people are in support of the government’s proposed actions, with 38 percent agreeing more money should be given to struggling financial institutions.

On Thursday, the Senate voted to release the remaining $350 billion of the $700 billion Troubled Asset Relief Program to the incoming administration.
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