Financial reform fiasco hard to sell as campaign issue

July 19, 2010 06:49

A Bloomberg National Poll found 79 percent have little or no confidence the bill will prevent or soften a future financial crisis. A 47 percent plurality say it will help the financial sector more than consumers.

By: Julie Mason at Washington Examiner

When President Obama signs a new financial regulatory overhaul bill this week, he’ll have a new reform measure to campaign on — but whether the bill is an electoral asset is far from certain.

Polls show Americans either unclear about what the bill does or doubtful it will do them any good — creating a ripe environment for the Republicans’ message that the bill is a costly jobs-killer.

“Wall Street reform was essential to prevent the kind of disaster that we’ve seen,” White House senior adviser David Axelrod told reporters on a conference call. “This is a huge leap forward for consumers, who will not be at the mercy of unscrupulous purveyors of credit cards.”

White House enthusiasm for the measure is wildly out of sync with two new polls showing skepticism and mystery surrounding financial reform.


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