Monday, September 22, 2008

Zogby: Americans Split on Bailout


As the national financial crisis gripping both Wall Street and Main Street moves into the halls of Congress this week, American voters are split on support for the sweeping government rescue plan that some say could cost as much at $1 trillion, a new Zogby Interactive survey shows.

The poll, taken Friday and Saturday after the crisis had reached full boil, shows 46% support the bailout, and 46% oppose it. Eight percent were unsure.

But there is little debate that the problem facing the U.S. financial system, caused in large part by a failure of the sub-prime mortgage industry, poses a long-term threat - 70% agree with that statement. Just 24% said they think the problem is a small problem posing only short-term difficulty.

Further, a dramatic 84% believe that other investment banks and major U.S. corporations will fail in the coming weeks and months, while just 9% said they think the problem has hit its bottom.

The online survey included 2,331 likely voters nationwide, and was conducted Sept. 19-20, 2008

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