Americans Still Hate The Bailout

Let’s run through the numbers from the latest CNN poll.

  • 56% oppose the financial rescue package.
  • 53% oppose providing new capital in exchange for equity stakes.
  • 58% think that providing any financial assistance to keep a big company is a bad idea.
  • 64% disapprove of Treasury Secretary Hank Paulson’s performance.
  • 73% disapprove of George Bush.

And now we know why John McCain has been proposing plans to give homeowners mortgage relief. That might be a bad idea, but it’s a bad idea supported by 58% of Americans polled. Sheila Blair, the FDIC Chairwoman who has said publicly called for mortgage relief, is probably feeling pretty good about herself right now.

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