Hmm...I could be wrong on this bailout. One thing barry knows is politics.
http://pajamasmedia.com/instapundit/78990/
Quote:
RASMUSSEN: Voters strongly oppose federal bailout for California: “Twenty-four percent (24%) of voters nationwide favor federal bailout funds for states like California that are encountering ’serious financial problems.’ The latest Rasmussen Reports national telephone survey found that 59% are opposed to such bailouts.”
So better than 2-1 against. But wait, there’s more: “Voters from outside the Golden State oppose federal loan guarantees by a 69% to 20% margin.” But there’s also this: “Voters have consistently opposed federal bailout funds for the auto industry, the banking industry and insurance companies. Looking back on the bailouts that were provided, most continue to believe they were a bad idea.”
So why did we get them anyway? An answer: “As on many issues, the difference in opinion between the Political Class and the rest of the nation is larger than the gap between the political parties.”
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