Summary
The American people have not yet been given a cogent explanation as to the exact nature of the "financial crisis," nor whether a bailout will resolve the issue. It is not surprising, then, that the Bush administration's proposal came crashing down. Even with the many modifications suggested by both Republicans and Democrats, the principle idea was untenable and the bill remained unacceptable. Americans inundated their congressmen with phone calls, e-mails and faxes, telling them they did not support the measure.
According to a Rasmussen poll taken Sept. 27, one week after the bailout was initially proposed, 24 percent of Americans supported the bill and 60 percent worried that the government would do too much to bail out financial markets. Monday, the day the House rejected the bailout 228-205, a Rasmussen poll revealed that 33 percent supported the bailout, 32 percent were against it, and 35 percent remained unsure.See the full content of this document
Extract
What Is the Problem?
President Bush appealed to voters in a prime-time speech on Sept. 24: ...
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