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View Diary: CNN Poll: People Trust Politicians More Than Business People (138 comments)

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  •   what I wrote (2+ / 0-)
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    shaharazade, island in alabama

    There's more work to be done on the program for homeowners

    and everyone is uncomfortable with the sums of money involved and perceived fairness. Nonetheless (ABC/WaPo),

    While Obama has encountered near unanimous GOP opposition to his stimulus plan in Congress and widespread criticism for a housing bailout plan some critics say rewards people who have been fiscally irresponsible, 64 percent of those polled back the economic recovery package and the same percentage backs the mortgage proposal.

    Overall, 60 percent of poll respondents approve of how he is dealing with the economy.

    translation: not thrilled, but (like going to the dentist) do it if that's what's needed.

    Please read Ras' wording very carefully, and look at other polls.

    "Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx

    by Greg Dworkin on Tue Feb 24, 2009 at 08:45:28 AM PST

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    •  But you also included this (0+ / 0-)

      A majority of poll respondents said bankers, not all Americans, would benefit from rescuing the nation’s financial institutions. An even wider majority said the struggling automotive companies should not receive further taxpayer money to help them survive. And while there is a strong belief that government should help homeowners avoid foreclosure, people are evenly divided over whether the plan announced last week is fair.

      So while trumpeting the 64% (I assume that is the strong belief that the government should help) you have this part about being EVENLY divided over whether it is fair or not.

      Santelli was talking about the fairness of it all. There is no way of knowing whether he would be in favor of a plan that helped homeowners that were in trouble while weeding out those that shouldn't be helped. And that is because no one has put any plan like that forward. According to Shelia Bair the government isn't even going to go through the process of eliminating the liar loans or the ones that took a 125 percent cash out, zero down interest only loan out on an inherited, paid for, home so that they could buy a boat, and a couple of ATVs, and use the rest to buy up an over-priced fixer-upper in a run down neighborhood to try and flip. And that is the shame of it all and why there is going to be quite a bit of unfairness.

      And there are other ways it will be unfair in cases where none of that happened and the only circumstance is that you might make $3.00 an hour more than your neighbor on almost exactly the same house (in developments it is common and with townhouses a given) with exactly the same starting principal and exactly the same mortgage payment. Now, that kind of situation is going to be completely unfair to a person that can't get this benefit because they made a lousy $6000 more than their neighbor in wages. And it will occur more often than people think.

      •  until we know the details (1+ / 0-)
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        it's just guesswork, but the idea that there'll be some things that aren't perfect? Probably. Does that defeat the whole program? Doubtful.

        my take is that America will take a wait and see on the outcome, but gives Obama the blessing to try.

        "Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx

        by Greg Dworkin on Tue Feb 24, 2009 at 04:09:59 PM PST

        [ Parent ]

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