This video clip from MSNBC.Com reports on the Wall Street Journal Poll as to whether Americans are for or against bailouts.
46% approve a car industry bailout while 42 % disapprove. As to Financial Bailouts, only 27% approve while 50% disapprove.
We can expect growing pressure from the public, as they get more and more angry, frustrated and desperate about the economic crisis, and rapidly growing unemployment problem, will the US Government reverse its strategic course of action, and stop future bailouts?
46% approve a car industry bailout while 42 % disapprove. As to Financial Bailouts, only 27% approve while 50% disapprove.
We can expect growing pressure from the public, as they get more and more angry, frustrated and desperate about the economic crisis, and rapidly growing unemployment problem, will the US Government reverse its strategic course of action, and stop future bailouts?
I think it is quite clear that this current "Santa Claus" trend can't continue. There needs to be a Return on Investment (ROI) accountability, to justify spending US$300 billion on a single corporation, and I don't think there is any good financial justification for doing so.
Best wishes,
Ooi
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