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Americans not confident in leaders, oppose more bailouts

Posted by Foon Rhee, deputy national political editor February 23, 2009 04:45 PM

Americans are scared witless about the economy and their own finances.

But newly released poll findings show they also have little confidence in government and business leaders -- other than President Obama -- to make things better.

According to the CNN/Opinion Research Corp. survey, 40 percent are very confident and 35 percent somewhat confident that the Obama administration "will make the right decisions to help the country overcome its current economic problems."

Only 19 percent are very confident in congressional Democrats and 9 percent in congressional Republicans, 11 percent for labor leaders, only 5 percent each for auto executives and bank executives, and a mere 4 percent are very confident in Wall Street investors.

The poll also suggests there's little appetite for forking over more taxpayer money to help bail out the struggling auto industry or Wall Street. Only 37 percent favor, and 61 percent oppose, more aid to the automakers. Only 36 percent favor, and 62 percent oppose, shelling out the remaining $350 billion in financial rescue funds.

But Americans support more direct help -- 63 percent favor government assistance to homeowners who can't pay their mortgages and 72 percent favor "a program that would increase the federal government's influence over the country's health care system in an attempt to lower costs and provide health care coverage to more Americans."

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Money will not bail the problems, criminal action against the culprits will. Some of the guilty are the cronies making up Congress today along with the banking institutions. How can we be confident in overpaid cronies who do not live at the average tax payer level? It is pathetic that America has sunk to patronizing good-ol-boys in a club of yes-men politicians, business hooligans, and organizations that benefit from the average American grief and woe fro all this crap. Throwing did not work for Roosevelt, it was the war that got us going with many years to pay for it.

Posted by larryonekanobe February 23, 09 06:10 PM
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I think that we have a professional in the White House who has hired people with a similar degree of professionalism. From the fact that the bank stocks have remained languid I suspect that Obama must be doing something right. Somebody has to decide who gets helped and who does not. Frankly there are only a handful of Congressman and Senators who have any judgement and those who are Republicans have set aside their judgement to crow about the deficits and oppose the stimulus bill. Bet those same people will not give a moments thought about the deficits when it comes time to vote on tax increases.

How long will it take Obama to straighten out congress so they function effectively? It becomes more obvious how rancid the political climate is when the stench emanating from Congress does not have to compete with the White House.

Posted by Ron M February 23, 09 06:20 PM
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Money will not bail out the problems, criminal action against the culprits will. Some of the guilty are the cronies making up Congress today along with the banking institutions. How can we be confident in overpaid cronies who do not live at the average tax payer level? It is pathetic that America has sunk to patronizing good-ol-boys in a club of yes-men politicians, business hooligans, and organizations that benefit from the average American grief and woe from all this crap. Throwing money at the problem did not work for Roosevelt, it was the war that got us going with many years to pay for it.

Posted by larryonekanobe February 23, 09 06:43 PM
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Rush L. and Glenn Beck are right on! This presidency and his so-called congressmen and representatives are so stupid and apparently dont care about the people!

Posted by Had enough ALREADY! March 2, 09 01:33 PM
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Reports from Boston Globe reporters and editors about the Obama administration, the Massachusetts congressional delegation, and other national political happenings.

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