Newsweek Poll: 56% in favor of bank nationalization

[Popeye]

perhaps it's time has come. I've seen suggestions by economists like Paul Krugman who insist that temporary nationalization is necessary.

Anyway, here are some more interesting results from today's poll:

72% of Americans still say they have a favorable opinion of Obama

65% of the public say they are very or somewhat confident that Obama will be successful in turning the economy around.

49% say they support Obama's proposal to allow the expiration of tax cuts for those with incomes above $250,000 at the end of next year...42% oppose.

Now here's where it really starts to get good..

58% of Americans believe that Republicans who have opposed Obama's economic-rescue plans have no plan of their own for turning the economy around.

Public identification with the Republican party has dropped to a low point of 26% that's the lowest level since the Watergate era

Keep on making noise Pubs, recite what Limbaugh and Faux tells you..you're making no inroads at all as you're only preaching to the choir.

http://www.newsweek.com/id/188002/page/1

 

[Pandora]

perhaps it's time has come. I've seen suggestions by economists like Paul Krugman who insist that temporary nationalization is necessary.

Anyway, here are some more interesting results from today's poll:

72% of Americans still say they have a favorable opinion of Obama

65% of the public say they are very or somewhat confident that Obama will be successful in turning the economy around.

49% say they support Obama's proposal to allow the expiration of tax cuts for those with incomes above $250,000 at the end of next year...42% oppose.

Now here's where it really starts to get good..

58% of Americans believe that Republicans who have opposed Obama's economic-rescue plans have no plan of their own for turning the economy around.

Public identification with the Republican party has dropped to a low point of 26% that's the lowest level since the Watergate era

Keep on making noise Pubs, recite what Limbaugh and Faux tells you..you're making no inroads at all as you're only preaching to the choir.

http://www.newsweek.com/id/188002/page/1

oh goodie we can become a national socialist state

hmm something about that is familar

 

[Depeche Toad]

Does free enterprise have to collapse in order for Barack Obama to succeed?

 

[Chip]

That 56% favor bank nationalization speaks to the anger people are feeling with regard to bank behavior which precipitated the current recession-depression.

It also speaks to the need to prevent banks from ever pulling that kind of sub-prime ARM stunt again or anything like it.

Whatever the solution is, it needs to be implemented fast, once and for all.

Anyone who thinks that this "free market" doesn't need to be regulated ... has his head up his banker's ass.

 

[Hobo1]

What that says to me is the country is feeling like the Bush Administration really beat them about the head and shoulders until they bled. Also, it says Obama is a very good talker.

With those two facts in mind, one can pretty much guess that the country is mildly supportive of what Obama is doing - as reflected in his approval rating. On the other hand, when it comes down to making the hard decisions, like what to do with the 4 or 5 major banks that are failing? Then, "all American's are as confused as the rest of the country" I don't know if people think nationalization is a better way to run banks, or a good way to punish banks and their stockholders for past foolishness. Anyway, to me a 56% rating tells me people are simply confused.

As far as public identification with the Republican party being low -- that is to be expected. No one knows what or where the Republican party is or what it stands for right now. I say anyone who identifies with the Republican party right now can't even articulate their ideas what the Republican party should be.

I have a suspicion that part of the 26% that can identify with the Republicans are the people who think the issue of embryonic survival is the most important issue facing the world today, ie, the anti-abortion crowd. The reason I say that is because the only clear position the Republican's seem to cling to is anti-abortion.

 

[Chip]

Anyway, to me a 56% rating tells me people are simply confused.

It tells me that people are afraid ...

... And that they are open to anything to prevent the banks from pullling that sub-prime ARM stunt again or anything like it they're likely to concoct.

Confused?

No way!

The people know exactly what they're afraid of ... and they're angry they've been subjected to it.

And they know that action must be taken to prevent a similar repeat and they're open to broad degrees of action to accomplish that goal.