Seven-in-ten people answering a PEW survey believe that government policies have done little or nothing to help the poor (72%), the middle class (71%) and small businesses (67%)."
This is coming five years after the crash, reports the Center for People and the Press, and adds:
"Large percentages say household incomes and jobs still have yet to recover from the economic recession. And when asked about the impact of government efforts to deal with the recession, far more believe that economic policies have benefitted large banks, corporations and the rich than the middle-class, the poor or small businesses."
The people see clear winners and losers, according to the Pew Research Center poll. In the article, writer Bruce Drake stated:
"The public sees clear winners and losers as a result of the government’s economic policies following the recession that began in 2008. In the public’s view, the beneficiaries of these policies are large banks and financial institutions, large corporations and wealthy people.... Sizable majorities say government policies have helped all three at least a fair amount – 69% say that about large banks and financial institutions, 67% large corporations and 59% wealthy people."
Also mentioned in the Drake's story:
"Meanwhile, fewer than a third say policies implemented by the government following the recession have helped the poor, middle class and small businesses. Roughly seven-in-ten say government policies have done little or nothing to help the poor (72%), the middle class (71%) and small businesses (67%)."
Taxpayers should never again be forced to write bailout checks to pay for Washington’s failed housing policies, says Financial Services Committee Chairman Jeb Hensarling of the U.S. House of Representatives. And on the five-year anniversary of the Troubled Asset Relief Program (TARP), Financial Services Committee Chairman Jeb Hensarling points out that the great tragedy of the financial crisis was that Washington actually led the nation into the mess.
Hensarling stated:
“It is crucial to remember that the biggest bailout of them all didn’t go to a bank or car company – it went to Fannie Mae and Freddie Mac who received nearly $200 billion from taxpayers. People who couldn’t afford to pay their own mortgage were forced to pay for someone else’s. Folks who couldn’t save for their own retirement were paying wealthy executives at Fannie and Freddie millions of dollars in bonuses."
A recent article in the MailOnline reported on a September "warning" which President Barack Obama had given to "congressional Republicans," in which he was speaking at a White House event "pegged to the fifth anniversary of the bankruptcy of the Lehman Brothers investment bank, which marked the beginning of a global financial crisis."
The White House used the TARP anniversary, according to the MailOnline piece, to present Obama's ideas for "upcoming fiscal fights with Congress over funding the government and raising the nation's debt limit."
