Sure-Fire Crowd Pleaser: Reining in Wall Street
By JOHN HARWOOD
NYT
For President Obama and Congressional Democrats, public opinion this past year has mostly gone in the wrong direction — on his job performance, on health care and economic stimulus, on midterm elections.
But there’s one conspicuous exception: the president’s call for reining in Wall Street. The nation’s continuing angst over bailouts, bonuses and bad mortgages has made sure of that.
Three-fifths of Americans supported tougher regulation of Wall Street in April 2009, according to Pew Research Center polling. Despite rising disaffection with government, three fifths still supported it last month.
That explains why Senate Republicans, after throwing up a wall of opposition on health care, continue negotiating with their Democratic counterparts on financial regulation. It also explains why the White House, Democratic leaders and liberal activists believe they hold the upper hand — and an issue that could limit their expected November losses.
(More here.)
NYT
For President Obama and Congressional Democrats, public opinion this past year has mostly gone in the wrong direction — on his job performance, on health care and economic stimulus, on midterm elections.
But there’s one conspicuous exception: the president’s call for reining in Wall Street. The nation’s continuing angst over bailouts, bonuses and bad mortgages has made sure of that.
Three-fifths of Americans supported tougher regulation of Wall Street in April 2009, according to Pew Research Center polling. Despite rising disaffection with government, three fifths still supported it last month.
That explains why Senate Republicans, after throwing up a wall of opposition on health care, continue negotiating with their Democratic counterparts on financial regulation. It also explains why the White House, Democratic leaders and liberal activists believe they hold the upper hand — and an issue that could limit their expected November losses.
(More here.)
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