Escalating Financial Crisis Grips States
A week after President Bush signed a $700-billion bailout plan for Wall Street, the financial crisis has deepened in many state capitals with tight credit markets and new, pessimistic budget figures that pose the biggest threat to states’ fiscal health in 25 years.
Economic Bailout: Public Remains Closely Divided Overall, but Partisan Support Shifts
The relative stability in the overall numbers obscures considerable movement in public opinion about the package recently passed by Congress.
The Bad Rap on the Bailout Bill
Members who voted against the original House bill are said to be responding to strong opposition to the rescue plan from their constituents, but that’s not what most Americans are saying.
Small Plurality Backs Bailout Plan
There is little partisan difference in views of the overall plan. Republicans, however, are less concerned about protecting homeowners although they are not particularly worried about excessive government involvement in the nation’s financial markets.
Most Approve of Wall Street Bailout and See Obama as Better Able to Address Crisis
With public interest in the economy at a 20-year high, by a margin of almost two-to-one Americans think the government is doing the right thing in investing billions of dollars to try to keep financial institutions and markets secure.
Inflation Staggers Public but Economy Still Seen As Fixable
Beyond widespread anxiety about energy costs, a growing number of Americans say it is difficult for them to afford food. Yet most are confident that even in an era of global economic interdependence the federal government is capable of fixing the economy
What Limits Remain on Government Funding of Religion?
A recent case permits executive agencies to fund religious groups and activities without fear of constitutional litigation.
Dismal Views of the National Economy : It’s the Inflation, Stupid
Public satisfaction with the state of the nation is about as low as it has been in 20 years of Pew polling; but optimism about the future rises somewhat.
States Besieged by Budget Woes
Already, 22 states have a collective budget shortfall of at least $37 billion; if the current slowdown follows the path of previous recessions, 35 to 40 states could face budget cuts in 2009.
Bush Budget Gives States Little to Cheer About
President Bush’s $3 trillion fiscal 2009 budget comes at a time when many states face a budget shortfall; new restrictions on health insurance for children, Medicaid and other programs may add to their burdens.