Thursday, October 9, 2008

New PCC Poll: Do You Feel That You Were Lied To About the Urgency of the Bailout?

Over two weeks ago, US President George W. Bush addressed Americans stating, in essence, that if an emergency bailout bill was not passed within days, the economy would falter.

Now despite Congress' rush to pass the Emergency Economic Stabilization Bill, Wall Street is anything but stable.

As the Washington Post reported today:
"The $700 billion package was approved by Congress but still needs to be implemented. Treasury Secretary Henry M. Paulson Jr. said yesterday that it will be weeks before the government starts buying troubled assets from financial institutions"
So tell me, Do you feel that you were lied to about the urgency of the Wall Street bailout?

Stop by the Coffee Conversation blog and participate in the poll.

1 comment:

  1. I don't believe I was "lied" to. I just think that AGAIN--Bush was ill-informed and driven by fear. I personally think the Republicans and Democrats who voted "no" on the bailout are closer to being "right" on the issue.

    We really could have put together a more market-based approach to the bailout that wouldn't make the US government the "owner" of all this "toxic debt" as it's described.

    It just wasn't the best plan and few wanted to take the time to get it right. I think the administration has mismanaged this crisis.



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