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America Speaks Its Mind in Bloomberg National Poll

Posted by Larry Doyle on July 14, 2010 6:09 AM |

Will the financial regulatory reform measures soon to be passed on Capitol Hill prevent another economic crisis? No, that is not a trick question.

An overwhelming percentage of Americans have little to no confidence that the proposed financial regulatory reforms will prevent another crisis. That gem, and many others, are included in a recently released Bloomberg poll. A brief overview of the poll results is displayed in the following chart (click on image to enlarge):

I STRONGLY encourage you to delve deeper into the poll questions. On a number of the questions, I found myself saying, “Wow, are you kidding me..” as to the strength of feelings and emotions running through our nation today.

How do Americans really feel about the TARP? You think Wall Street is vilified? Why are so many incumbents in Washington and state capitols exceedingly nervous about the upcoming elections? Take the 3-4 minutes to review this poll and get a strong sense as to the blood boiling in America’s pulse. Please share this commentary and poll with friends and colleagues. Click on the following image to access a 5-page pdf document of the entire poll:

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  • Lou

    What will people do with their money? That question is effectively embedded in the following poll question,

    How confident are you that the new financial regulations will make your savings and financial assets
    more secure—very confident, fairly confident, just somewhat confident, or not confident?
    4 Very confident
    15 Fairly confident
    38 Just somewhat confident
    40 Not confident
    3 Not sure

    That response is a strong indication as to the lack of trust and security people have in our current system. They will likely continue to react by hoarding cash which is very deflationary.

  • Duke

    Seems that a large majority of those polled agree we have real problems within our economy and our country BUT it also strikes me that those polled have no interest in losing benefits or in increasing their tax obligation.

    Get the other guy to pay for it.

  • Brian

    Seems as if the response to whether we are going in the right direction as a nation is inversely correlated with Obama’s approval ratings.

  • mary b.

    We need taxes. Duke’s right.

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