Poll: Majority Backs So-Called “Permanent Bailout” FundThe new Washington Post/ABC News poll is rightly getting a lot of attention this morning because it finds that a huge majority backs financial reg reform, with Americans trusting Obama over Republicans on the issue by a lopsided amount.
But there’s also this interesting number buried in the internals:
Please tell me whether you support or oppose each of these items. Do you feel that way strongly or somewhat?
b. Requiring large banks and other financial companies to put money into a fund that would cover the cost of taking over and breaking up any large financial company that fails and threatens the broader economy:
Support: 53%
Oppose: 42%This is, of course, the provision that has been derided by Mitch McConnell for leading to “endless taxpayer bailouts.” Yet it’s supported by a majority, 53%, with 27% supporting it strongly.
Given that the public strongly dislikes bailouts, the fact that a majority supports creating this fund suggests that any efforts to link it to bailouts haven’t worked all that well.
http://theplumline.whorunsgov.com/senate-republicans/poll-majority-backs-so-called-permanent-bailout-fund/ And this is WHY the Dems aren't stressing this test vote today ... even if it fails, they'll still come out ahead. ("The GOP is blocking Wall Street reform!")
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