Poll: 35 percent of Republicans back 'bailout fund'
I've gotten a look at the internals of this morning's poll on financial reform, and the party breakdowns confirm that the package being debated in Congress simply hasn't generated much ire among members of the GOP base. With one exception, they oppose its provisions. The opposition just isn't very intense.
Thirty-five percent of Republicans support "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," the part of the bill labeled the "bailout fund" by Republican leaders. Twenty-seven percent support "having the federal government regulate the complex financial instruments known as derivatives." Forty-four percent support "increasing federal oversight of the way banks and other financial companies make consumer loans, such as mortgages and auto loans, and issue credit cards." And a majority, 53 percent, support "stricter federal regulations on the way Wall Street firms conduct their business."
Republicans aren't loving this. One source made sure I looked at a Gallup Poll from last week that showed lower overall support for reform.
"Polling on the broader issue is fine," one Republican aide told me, "but it shifts when there are actual specifics. Everyone likes health-care reform, but they hated the Dem plan. Most people want Wall Street reform, but support is less than a majority when government or Democrats are involved in the response. And nobody has yet polled on whether or not this bill is a bailout or will lead to bailouts."
April 26, 2010; 1:35 PM ET
Categories: Financial reform
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