Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
AEI Political Report September 2013

AEI Political Report September 2013

Ratings: (0)|Views: 1,028|Likes:
The September issue of AEI’s Political Report examines public views of the financial crisis on the fifth anniversary of the fall of Lehman Brothers. This issue also looks into the growing feelings of economic anxiety following the crash. Last, we round up the latest polls on the Affordable Care Act and Syria.
The September issue of AEI’s Political Report examines public views of the financial crisis on the fifth anniversary of the fall of Lehman Brothers. This issue also looks into the growing feelings of economic anxiety following the crash. Last, we round up the latest polls on the Affordable Care Act and Syria.

More info:

Published by: American Enterprise Institute on Sep 11, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

09/12/2013

pdf

text

original

 
Political Repor
Five Years After the Financial Crisis
Americans are not ready to orgive Wall Street or the role they believed it played in the nancial crisis ve years ago.We begin this overview by looking at public reactions at the height o the crisis in mid-September 2008 when the publicbegan to tune in. Consumer condence plunged and people were riveted to the crisis. Many were rightened and angry,and seven in ten elt their own nances would be harmed in the long run. We also look at how opinions o Wall Street,banks, and business have changed since the all o 2008.A uller discussion o public attitudes since 2008 is available in anew AEI ebook  
Five Years After the Crash: What Amer-icans Think about Wall Street, Banks, Business, and Free Enterprise 
.
Q: Have the events made you eel . . . ?
Trouble in the U.S. economy hasmade you eel personally araid 41%Has not 58 Trouble in the U.S. economy hasmade you eel personally angry 53%Has not 46
Source: Gallup/ 
USA Today 
, September 2008.
Q: How much do you think . . . ?
Your own fnancial situation has been harmedby the events o the last two weeks
A great deal/Moderate amount 56%Not much 26Not at all 16
Q: Now, I’d like you to think about the events (trouble in the United States economy) o the last two weeks and any uture problems that might result rom them. How much do you think . . . ?
Your own fnancial situation will be harmed in the long run
A great deal/Moderate amount 69%Not much 22Not at all 7
Source: Gallup/ 
USA Today 
, September 2008.
Volume 9, Issue 8 • September 2013
A M
onthly
P
oll
C
oMPilAtion
1150 Seventeenth Street, NW, Washington, DC 20036 202.862.5800 www.aei.org
Consumer confdence index
September 2008 70.3October 2008 57.6November 2008 55.0
Source: Reuters/University o Michigan, latest that o November2008.
Top news stories ollowed “very closely,” 1985–2008
Challenger disaster (1986) 80%9/11 terrorist attacks (2001) 78San Francisco earthquake (1989) 73Hurricane Katrina impact (2005) 73High gas prices (2005) 71
Economic news (2008) 70
Source: Pew Research Center, October 2008.
 
 P   a   g  e   1   0   :  
P   o  l   l   s   o  n   S    y  r  i   a  
 
1150 Seventeenth Street, NW, Washington, DC 20036 202.862.5800 www.aei.org
2
Wall Street: No Recovery 
Opinions about Wall Street were never particularly high, but condence reached a low in 2009, and views about themorality o people there ell, too. Attitudes have not recovered. Around 60 percent o Americans still believe that WallStreet makes an important contribution to the economy; however, they don’t believe people there share their values.
Q:
 As ar as people in charge o running Wall Street are concerned, would you say you have a great deal o confdence,only some confdence, or hardly any confdence at all in them?
Note: Full data or the Harris trend are not available or the years 1989 to 2000.Source: Harris Interactive, latest that o 2012.
Q: Please tell me i you agree or disagree with the ollowing statements about Wall Street . . .
Most people on Wall Street would bewilling to break the law i they believed Most successul people onthey could make a lot o money and get Wall Street deserve to makeaway with it the kind o money they earn
1996 64% 40%2009 71 302012 70 32
Note: We show the frst asking o this question (1996), and then the one ater the fnancial crisis hit (2009), and then the most recent one(2012).Source: Harris Interactive, latest that o April 2012.
AEI POLITICAL REPORT CONTRIBUTORSKarlyn Bowman
, Senior Fellow;
Norman Ornstein
, Resident Scholar;
Michael Barone
, Resident Fellow;Research Assistants:
Jennifer Marsico
, Editor;
Andrew Rugg,
Editor.
7%39%48%0%10%20%30%40%50%60%70%80%1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011Only someGreat dealHardly any
Confdence in people in charge o running Wall Street
 
1150 Seventeenth Street, NW, Washington, DC 20036 202.862.5800 www.aei.org
3
The Ethics of Wall Street
Negative views about the morality o those who work on Wall Street are long-standing, but the public soured on themeven more during the nancial crisis. Not only were the ethics o people on Wall Street troubling, but people were alsodeeply concerned about Wall Street’s ability to cause another nancial meltdown.
Q: Do you think that executives at large Wall Street banks share the same undamental American values as you, or dothese managers have a dierent set o values?
Executives at large Wall Street banks sharethe same undamental American values as you 17%Have a dierent set o values 79
Source:
The Atlantic 
 /Aspen Institute, May–June 2012.
Q: Please tell me i you agree or disagree with the ollowing statements about Wall Street . . .
In general, people on Wall Street are as honest and moral as other people
1996 43%2009 262012 28
Source: Harris Interactive, latest that o April 2012.
Q:
For each statement, please tell me i you . . . ?
Source: Pew Research Center, March–April 2009.
Q: Next, I’m going to read you some dierent kinds o major companies. As I read each, tell me i you think companiesin this category are generally . . .
More Less Abouttrustworthy trustworthy the same
Technology services and sotware 27% 11% 60%Manuacturing 22 12 65Large retail 17 16 67Automobile 16 26 57Energy 14 31 54
Banks and other fnancial institutions 12 46 42
Pharmaceutical 11 45 43Health insurance 9 50 40Real estate companies 8 36 55
Source: PSRA/Public Aairs Pulse, July 2012.
Agree, Wall Street makes an importantcontribution to the American economy
Completely agree 17%Mostly agree 46Mostly disagree 20Completely disagree 8
Agree, Wall Street only cares aboutmaking money or itsel
Completely agree 28%Mostly agree 39Mostly disagree 21Completely disagree 6

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->