Investment Crisis
Americans doubt the government’s response.
Left
Following the near-collapse and then government-orchestrated bailout of Bear Stearns last month, the U.S. economic situation has grown increasingly gloomy—and most Americans are not satisfied with the government’s response. In a recent Pew poll, of the more than three-quarters of Americans nationally who were aware of “recent major problems in the nation’s financial markets involving large investment banks,” 80 percent described the government’s response as either “fair” or “poor.” Higher-income households that had heard a lot or a little about the problems were less critical of the government’s response than lower-income households. Source: The Pew Organization, March 2008.