The results of a recent poll concerning the bailout bill passed by Congress doesn’t come as a big surprise. The poll shows most Alabamians don’t like the federal government’s plan which could cost over $800 billion to rescue the U.S. financial industry. The statewide poll by the Mobile Press-Register and the University of South Alabama, released on October 12th, shows that six out of ten of those surveyed were “not very confident” or “not confident at all” that the rescue will succeed. Almost nine out of ten Alabamians rate the economy as at least fairly bad and four out of ten say their personal finances have deteriorated in the past year.
Opposition to the plan stems mainly from the belief that it’s a “Wall Street bailout,” which does little for ordinary citizens. As some say, the average Alabamian can’t see how the bailout helps “Main Street.” In a similar statewide survey in late 2004, roughly two out of ten said their personal circumstances had worsened, while 60% labeled the economy’s condition as at least fairly good. The latest numbers “show a pretty anxious and pessimistic view of things,” according to Keith Nicholls, director of the USA Polling Group.
In another survey, by a separate polling group, it was revealed that most Alabamians are dissatisfied with how things in their country are going. In fact, 83% of Alabama citizens are dissatisfied with “the way things are going in the United States.” I suspect those feelings would be even stronger if Alabamians were polled today.
Source: Associated Press
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