[lbo-talk] ABC: opinion on bailout mixed, most fear rejection will worsen downturn

Doug Henwood dhenwood at panix.com
Tue Sep 30 12:32:42 PDT 2008


On Sep 30, 2008, at 4:18 PM, John Thornton wrote:


> Doug Henwood forwarded:
>> Nonetheless, as noted, voters divide on the plan itself ¬ using up
>> to $700 billion to shore up failing financial institutions  with
>> 45 percent in favor, 47 percent opposed. (Contrary to the vote
>> pattern in Congress, support is higher among Republicans, 55
>> percent, than Democrats, 42 percent.) Registered voters narrowly,
>> by a 6-point margin, think the plan would have done too much to
>> help financial institutions that got into trouble, and by much
>> broader margins think it would have done too little to help the
>> economy, and especially, to assist ordinary Americans.
>
> But I thought.....
>
> "The American people have vehemently and massively rejected this
> swindle."
>
> Shane Mage
>
> Maybe my ideas of "vehemently and massively" are different from
> Shane's?

Evidently. But apparently the new populism doesn't have to be popular. It just has to sound angry.

Doug



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