Democratic Voters Agree: Bail Us Out
According to a new L.A. Times/Bloomberg poll, the vast majority of Democratic voters in the next three primary battlegrounds want the government to bail out struggling homeowners. Most don't seem to care that the Fed rescued Bear Stearns; they just want the same treatment.
According to a new L.A. Times/Bloomberg poll, the vast majority of Democratic voters in the next three primary battlegrounds want the government to bail out struggling homeowners. Most don’t seem to care that the Fed rescued Bear Stearns; they just want the same treatment.
Rooted in Truth.Los Angeles Times:
The poll was conducted among likely Democratic primary voters in the three states with the next elections: Pennsylvania, Indiana and North Carolina. Voters’ responses were roughly similar in all three.
Large majorities of Democratic voters said they supported federal action to bail out distressed homeowners. In Pennsylvania, 67% of self-described Democrats said they favored such a program, even when it was described as a “bailout.”
Most Democratic voters also said they thought international trade had hurt the economy. In Pennsylvania, 55% of Democratic voters said trade had hurt and only 12% agreed with the Bush administration (and most economists) that trade helped the economy.
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Lessons learned from the 2008 financial crisis show that taxpayer-funded blank checks to institutions do nothing to help those struggling
If the president wants the federal government to be able to borrow cheaply, there are far better options than negative interest rates.
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