Friday, September 26, 2008

Bailout revolt- right on queue

Right on queue, shortly after I posted the previous blog about how Americans do not want to bail out Wall Street, another new poll comes out.

Americans do not want to bail out Wall Street. Not even now. Not even after the President's speech or the faked "deal" from the Democrats.

Remember this moment- currently it is only the House Republicans and John McCain that are standing with the majority of Democrats, Republicans and Independents who do not want this thing.

Eventually something will have to happen.

An Associated Press-Knowledge Networks poll shows little public support for President Bush's proposed $700 billion federal bailout of the financial industry.

Only 30 percent say they support Bush's package. The president says the bailout is urgently needed, but it has run aground after House Republicans rebelled. Another 45 percent oppose Bush's plan, while 25 percent are unsure. There is solid opposition among Republicans, Democrats and independents.

The same survey shows little expectation a bailout will work. It also shows most want Friday night's presidential debate to go on as scheduled. Republican candidate John McCain said Friday he would attend, after initially saying he wouldn't unless agreement was reached on a rescue plan.

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