Will The Financial Bailout Work?

President Bush Bailout President Bush signed the $700 billion bailout saying it will "help prevent the crisis on Wall Street from becoming a crisis in communities across our country." But not everyone is so sure.

by SurveyUSA

Published: Fri, October 03, 2008 - 2:41 pm CST Last Updated: Fri, October 03, 2008 - 2:48 pm CST

Geography Surveyed: Continental United States
Data Collected: 10/03/2008
Release Date: 10/03/2008 15:00 ET

Now That Congress Has Passed an Economic Recovery Bill ... USA Wonders Whether It Will Work: 34% of Americans think that a government rescue of the economy will succeed shortterm and 30% think it will succeed longterm, according to a nationwide SurveyUSA poll of 1,200 USA adults conducted after the US House of Representatives today joined the US Senate in passing a bill described by some as a "bailout" and by others as a "kick-start." But: 31% of Americans think the government plan will fail shortterm and 36% say it will fail longterm.

Americans remain of two minds:

77% of Americans have reduced spending in the past 3 months -- a bad sign for this or any economy. 60% know a friend of family member who have lost a job in the past 3 months. 52% today are concerned that the bank where they have their money will fail -- down from 57% in a SurveyUSA nationwide poll conducted befor Congress had passed the rescue plan.

There are interactive tracking graphs for all of these questions. From the detailed crosstabs page, click on the "Triangle T" to reveal exactly how American opinions have changed, day-by-day over the past week, as the seriousness of the econonim situation came into increasingly sharp focus. Interactive tracking graphs are a SurveyUSA exclusive.

58% have "No Confidence" in the government's ability to fix the economy.
Just 18% support the specific rescue plan that passed the congress. 44% oppose it.
But: by 4:3, Americans wanted their specific member of Congress to vote "For" the bill, a sign that Americans may have felt painted into a corner; Americans appear to grasp that doing nothing was worse than doing something.

1	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.9%

Do you have confidence? Or no confidence? In the government's ability to fix the economy?

32%	Confidence
58%	No Confidence
10%	Not Sure

2	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.9%

Do you support or oppose the specific rescue plan that the government has worked out? Or do you not yet know enough yet to say?

18%	Support
44%	Oppose
37%	Don't Know Enough
1%	Not Sure

3	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.9%

Did you want your representative in Congress to vote FOR an economic rescue? To vote against an economic rescue? Or, do you not know enough to say?

45%	For
33%	Against
21%	Dont' Know Enough
1%	Not Sure

4	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.9%

Short-term, will a government rescue of the economy succeed or fail? Or do you not know enough to say?

34%	Succeed
31%	Fail
33%	Don't Know Enough
2%	Not Sure

5	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.9%

Long-term, will a government rescue of the economy succeed or fail? Or do you not know enough to say?

30%	Succeed
36%	Fail
32%	Don't Know Enough
1%	Not Sure

6	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.7%

Have you saved enough for this rainy day? Or, do you wish you had saved more?

25%	Saved Enough
69%	Wish You Had Saved More
6%	Not Sure

7	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.9%

Will your family make it through these times OK? Will your family suffer, but manage to pull through? Or will your family be financially wiped out?

39%	Will Make It Through
46%	Will Suffer But Pull Through
12%	Will Be Financially Wiped Out
3%	Not Sure

8	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.2%

Have you personally lost your job in the last three months?

16%	Yes
82%	No
1%	Not Sure

9	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.9%

Has a friend or family member lost their job in the last three months?

44%	Yes
55%	No
1%	Not Sure

10	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.4%

Have you reduced spending in the past 3 months? Or is your spending unchanged?

77%	Reduced Spending
22%	Spending Is Unchanged
1%	Not Sure

11	Asked of 1200 Adults
	Margin of Sampling Error for this question = ± 2.9%

How concerned are you that the bank where you keep your money will fail? Very concerned? Somewhat concerned? Not very concerned? Or not at all concerned?

23%	Very
29%	Somewhat
30%	Not Very
18%	Not At All
0%	Not Sure

x	Complete Interactive Crosstabs
i	Statement of Methodology
!	© 2008 SurveyUSA / Contractual Obligations

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carl Says:

Sat, Oct 04, 2008 at 8:10 am

I would like to see a few questions like “do you think the CEOs and others should be prosecuted and fined huge fines for their actions or lack of “?, And should those that voted for this bail out be held accountable by the voters should we not see any relief in six months?”. In six months people could starve to death,but not the ones walking away with hundreds of millions that were responsible for this or the politicians that voted to cover this up in the past and now. Watch and see how many billionaires are made from this bail out.