Americans Embrace Big Government to Help Solve Market Crisis
Posted by: Joshuah in Economics, tags: Big BrotherMy mother expressed similar sentiments about Big Government several months back with the statement that “someones gotta do something!” She is old and on a fixed income and is entirely dependant on the system as it is in order to survive, if you can call it survival. Ironically, she is also one of these people who think Obama to be the Anti-Christ, so I am not sure how much help she expects in the long run from Big Brother. Hmmm…
Of course people are looking to Big Brother to bail them out, ie. take responsibility, and Big Brother is more than willing to do it. All you will need to do is to give up a few things like freedom and privacy. What a deal!
Source: Bloomberg.com
Americans are looking to big government to dig the country out of the financial crisis, a Bloomberg/Los Angeles Times poll shows.
A plurality of voters support the $700 billion financial- market rescue bill President George W. Bush signed into law Oct. 4. That is a turnaround from a Bloomberg/Times poll in September, when a solid majority said it wasn’t the government’s responsibility to bail out private companies.
The poll conducted Oct. 10-13 also finds that Americans favor the federal government providing assistance to homeowners facing foreclosure, by a greater than 2-to-1 margin. And almost three-quarters say they believe insufficient government regulation contributed to the financial and housing crises, up sharply from September.
Poll respondents say they want government to step in.
“They have to do something to spur the economy, otherwise we’ll be further in the hole than we already were,” says Mike Hackenberg, 36, an independent voter and warehouse worker who is studying to be a teacher in Rainier, Oregon. “They’re making the right effort to back the banks and reassure foreign investors.”
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