Thread: Rasmussen:Opposition to Bailout Plan Falls Dramatically

Opposition to Bailout Plan Falls Dramatically
Monday, September 29, 2008 Email to a Friend



As Congress prepares to vote on a proposed economic rescue plan, opposition to the measure has declined significantly. A Rasmussen Reports national telephone survey conducted Sunday found that 33% of Likely Voters now favor the plan while 32% are opposed and 35% are not sure.

For proponents of the legislation, that’s a significant improvement. On Friday, just 24% of voters had supported the plan while 50% were opposed. Supporters of the legislation argue the plan to buy up bad mortgage debt from private firms is the surest way to free up credit for all Americans.

While voters are unsure about the particular plan agreed to by Congress and the Administration, 49% say it’s Very Important that some kind of plan be implemented. Another 29% say it’s Somewhat Important to do so.

Just 49% understand that the government anticipates recovering a significant portion of the $700 billion when the assets purchased are resold. Twenty-six percent (26%) say that’s not part of the plan while the rest are not sure (full demographic crosstabs are available for Premium Members).

Those who understand that taxpayers will eventually get much of the money back support the bailout by a 2-to-1 margin. Those who incorrectly believe the government will not be getting money back oppose the bailout by a 62% to 18% margin.

(Want a free daily e-mail update? If it's in the news, it's in our polls).

Consumer and investor confidence has fallen dramatically over the past two weeks as the scope of the Wall Street debacle became visible. During that same time frame, Barack Obama has opened a modest lead over John McCain in the Rasmussen Reports daily Presidential Tracking Poll.

Narrow pluralities of both Obama supporters and McCain supporters favor the legislation and the reaction from liberals and conservatives are similarly mixed. Thirty-six percent (36%) of Investors support the plan while 31% are opposed.

Fifty-nine percent (59%) continue to worry that the federal government will intervene too much while just 27% say they will do too little. Earlier this month, 51% said the federal government has too much control over the economy already.
http://tinyurl.com/4lt9jn

Im not believing this report.

LuvMyCountry wrote:

Im not believing this report.

The poll is useless because the public doesn't actually know the details of the currently proposed bailout. The poll is meaningless and without credibility!

I don't believe it either...

I'm not fully buying this report either, especially when I read...

Those who understand that taxpayers will eventually get much of the money back support the bailout by a 2-to-1 margin. Those who incorrectly believe the government will not be getting money back oppose the bailout by a 62% to 18% margin.

This comment strikes me as biased, it is entirely speculative that the Feds will recover much of this money at all.

Those that believe the new spin that we will get much of the money back and could even make a profit are people that still have confidence in what the government says.

This statement sounds very leading to me and perhaps shows a bit of bias in this report.

W

I don't believe this poll = it is a hoax.
I tried to call Sen Feinstein today and her line is always busy and her mail box is full.
Sen Boxers mail box is full in DC and her line is busy so left a message on her CA line.
Called Dodds office but the lines were busy and Franks office, where I got thru and asked him to resign due to his involvment in making this situation happen. Could not get thru to Pelosi or Reid.

Also check out the CNN poll: You can vote here:

http://www.cnn.com/
Should Congress approve the compromise $700 billion bailout of the U.S. financial system?
Yes 45% 8860
No 55% 10734
Total Votes: 19594

I'm currently watching the house debate on the bailout bill on C-SPAN and all I have heard is opposition to the bill. I have only been watching for 30 minutes however.

I'm not buying this report. And this is all the more reason to light up phone lines. The whole lot of those that are not answering their phones are a bunch of cowards!

I just heard that they expect a vote in about 90 mins.

Should Congress approve the compromise $700 billion bailout of the U.S. financial system?
Yes 45% 24353
No 55% 30053
Total Votes: 54406

I have been calling all morning because at least 75% of the time I can't get thru or when I do it goes immediately to voice mail and the mail box is full.

Keep calling - let your voice be heard. Just say NO!!!!!!!

Should Congress approve the compromise $700 billion bailout of the U.S. financial system?
Yes 44% 29913
No 56% 37484
Total Votes: 67397