http://www.bloomberg.com/apps/news?pid=20601087&sid=aYK_5_fV5D4M&refer=home "Americans oppose government rescues of ailing financial companies by a decisive margin, and blame Wall Street and President George W. Bush for the credit crisis. By a margin of 55 percent to 31 percent, Americans say it's not the government's responsibility to bail out private companies with taxpayer dollars, even if their collapse could damage the economy, according to the latest Bloomberg/Los Angeles Times poll." Looks like Bernanke, Paulson, Frank, Schumer and the other socialists are out of touch with the man in the street. Maybe the USA isn't becoming France after all?
After trying to convince the world free markets are the panacea to everything US financiers are shocked to find out they've managed to convince ordinary Americans the same and that they are even more shockingly are being opposed by them. Maybe they thought everyone knew it was just rhetoric?
The bailout is is being seen as what it is. Sheer dishonesty. There may be a case for supporting deposit taking institutions in a fractional reserve banking system but when non depsoit taking institutions i.e. MS and GS convert to banks so that they can get at the $700m bailout trough and then expect the taxpayer to continue to pay their high salaries they have just taken it too far. It is just sheer rent seeking at the expense of the American taxpayer and the taxpayer sees it for what it is. Let them fail.
interesting that when the question is differently it is approved by a majority of americans. also typical that nobody on this forum full of fools points this out.
I'm sorry to tell you this, but USA is already become much more socialist than France and Italy and other european countries put together. And sadly the man in the street can't do anything against it.
I don't know if any of this happened by chance or not, but I think its quite neat to see how envy is channeled into the capitalistic mantra on such a grand scale.
wall street has been a fed juice crack addict for a long time, and the fed is out of dope. so they tried an armed robbery of the taxpayer they're too desparate and strung out to try to clean this up into being something other than what it is - an armed robbery the public saw paulson for the desparate degenerate that he is they're so degenerate, that they couldnt even stop themselves from lobbying for foreign workers an the same day they're threatening depression if they dont get what they want a worker shortage in a depression? what a bunch of strung out junkies House Judiciary Com. to Vote Today on Foreign-Worker Bills Updated Tuesday, September 23, 2008, 10:00 AM Public Notice for Markup Given in Dead of Night Yesterday The House Judiciary Committee will take up two foreign-worker bills today: H.R. 5882, which would add an additional 550,000 permanent green cards; and H.R. 5924, which would add 20,000 additional foreign nurses per year for three years (plus their families). Please contact your U.S. Representative through the Capitol Switchboard (202-224-3121) and ask him/her to do everything possible to stop the passage of these bills. The Committee waited until late last night to give notice for the markup, presumably in an effort to avoid public scrutiny. H.R. 5882 â "Recapturing Unused Employer-Sponsored Visas" This legislation is similar to the measure that Sen. Robert Menendez (D-N.J.) is using to hijack debate on E-Verify reauthorization in the Senate. The billâs sponsor, Immigration Subcommittee Chairman Zoe Lofgren (D-Calif), claims it would ârecapture unused employer-sponsored visasâ from as far back as 1991 and then add them to the current numerical cap of 140,000 employer-sponsored visas that are available each year. Current law, however, clearly states that any employer-sponsored visas not used in one year are allocated to the family-preference categories in the following year. That means that there are no âunusedâ visas from past years to ârecapture.â