Poll: Voters Blaming Republicans Over Democrats for Economic Crisis

September 23, 2008 RSS Feed Print

Daily News Staff

Republicans are taking the elephant's share of the blame when it comes to the current crisis rocking the nation's financial institutions and Wall St., according to a new national poll.

In a CNN/Opinion Research Corp. survey of registered voters released Monday, 47 percent blamed Republicans for the current financial crisis the stock market. By contract, only 24 percent blamed the Democrats, with 20 percent saying both parties were to blame and 8 percent not blaming either party.

That has translated to good news for Sen. Barack Obama, as the poll found that more Americans think the Democratic presidential nominee would do a better job navigating the economic landscape than his rival, Republican presidential candidate John McCain.

Forty nine percent of responders thought Obama would better handle the crisis to 43 percent for McCain.

The poll found that fifty-one percent of registered voters are now backing Obama, while 46 percent support McCain, a swing since the last CNN/Opinion Research survey in early September when the two candidates were tied at 48 percent.

"In two core McCain constituencies: men, who now narrowly favor Obama, and seniors, who have also flipped from McCain to Obama," said CNN senior political analyst Bill Schneider.

The poll's margin of error is 4.5 percentage points.

With wire reports

Tags:
voters,
New York Daily News,
presidential election 2008,
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Barack Obama,
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Palmed Azur sa of NY 6:09AM October 27, 2008

In 2005, the House Banking Committee tried to rein in the two companies by passing new regulations which would have prevented Fannie and Freddie from acquiring bad mortgages. It actually gave a new regulator the kinds of powers that a bank regulator had. All the Republicans voted for it. All the Democrats voted against it.

Tricia Yowell of NC 1:38PM September 29, 2008

How's this for an analogy?

You have a town that has just allowed a few large casinos to operate. The casinos use their money to advertise and attract people to gamble. As more people come to gamble, there are fewer people to operate regular business in the town and surrounding area. As people believe that the casinos are the "only game in town", there is almost a proportional relationship between the number of people working and using the casinos and the decrease in services, businesses, infrastructure, and other town services.

Now, imagine at a certain point, there isn't enough money for both the town and the casino. People have lost all of their money in the casino and the town is broke as well.

In comes the government. They send a bailout package to the casinos. The money is to come from taxes from the people that lost all of their money in the casinos and from the revenue of the town that is now broken.

Is that a fair representation of the present situation (where the casino's represent the large trading houses and the town represents Main Street)? Maybe Congress is negotiating to protect Main Street?

cj 7:25AM September 26, 2008

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