AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
A rescue plan for the rest of us: Wall Street gets $700 billion. here's what you want.
THE FEDERAL GOVERNMENT has given Wall Street a taxpayer-financed cash infusion of up to $700 billion in an attempt to avert a steep economic downslide. But people on Main Street are also hurting, and a majority of Americans think the government hasn't done enough for them, according to a new poll by the Consumer Reports National Research Center.
Fifty-six percent of respondents said the government needs to do more to help average citizens through these difficult economic times. But only 17 percent of those polled said the government needs to do more for banks and financial institutions. In the poll, a nationally representative telephone survey of 2,000 adults conducted in late October, 29 percent said the government went too far in bailing out the financial industry. Thirty-nine percent were unsure.
Which reforms would help Main Street most? Our respondents' wish list includes fixes for immediate problems and for problems that could saddle generations to come. The following eight reforms are of most concern, respondents said. Roughly 8 out of 10 people said they're important or very important.
* Ensure the financial health of the Social Security program.
* Reduce the national debt.
* Protect pensions and other retirement accounts when companies or financial institutions go under.
* Increase spending on energy exploration, energy efficiency, and alternative energy sources.
- AARP Pledges Vigorous Defense of Social Security: Wall Street's Gain Will Be...
- Newspaper article from: Money Management Executive Amend, James February 7, 2005 700+ words
...rhetoric form the Bush camp, Social Security is in excellent condition...alternatives to strengthen Social Security, including raising the contribution...raising payroll taxes for Social Security. Wall Street's potential for gain isn...
- SOCIAL SECURITY-WALL STREET LINK IS VERY FAR FROM SURE THING.(Editorial)
- Newspaper article from: Seattle Post-Intelligencer (Seattle, WA) January 5, 1999 700+ words
...subcommittee overseeing Social Security. Many Republicans...its money on Wall Street. At a meeting...to insulate Social Security's investment...the power of Wall Street would leave...some of the Social Security taxes that workers...
- Labor Leader Attacks Wall Street Plan; Trumka Says Move to Privatize Social...
- Newspaper article from: The Washington Post Brett D. Fromson October 18, 1996 700+ words
...privatizing Social Security. . . . No to Wall Street greed...year 2029. Wall Street representatives...dramatically boost Social Security's investment...privatizing Social Security is still...indicate that Wall Street faces an...
- Social Security reform pits labor, Wall Street
- Newspaper article from: Chicago Sun-Times JUDITH BURNS October 21, 1996 700+ words
...WASHINGTON Debate over Social Security reform is about...labor against Wall Street. A group backed...The target: Wall Street investment firms...the action if Social Security is replaced...to privatize Social Security, Abernathy said...realize" that ...
- For true Social Security, look to Main Street, not Wall Street.(Rundles Wrap-up)
- Magazine article from: ColoradoBiz Rundles, Jeff February 1, 2005 700+ words
...their own Social Security investments in private, Wall Street based accounts...accounts benefit Wall Street. The billions...into the Social Security system will...the way to Wall Street. I want...this is Social Security, and it...
- Don't Show Us the Money; Why Wall Street is sitting out the Social Security...
- Magazine article from: Newsweek Gasparino, Charles February 28, 2005 700+ words
...prospect of privatized Social Security accounts would have Wall Street drooling. If the...My sense is that Wall Street and the fund industry...problems of the Social Security system. The SIA...broad brush. Some Wall Street firms have actively...
- Show Them The Money: As Social Security and antitrust issues loom, Wall Street...
- Magazine article from: Investment Dealers' Digest Etzel, Barbara July 3, 2000 700+ words
...environment in which to win Wall Street's financial endorsement...chairman, was the first Wall Street executive to serve...an edge in terms of Wall Street's loyalties. This...the privatization of Social Security, which Bush has brought...
- Bush Social Security plan could generate hundreds of billions for Wall Street.
- Newspaper article from: Newsday (Melville, NY) February 19, 2005 700+ words
...percent in fees. Some Wall Street experts, however, counter...of The Cato Project on Social Security Choice, who promoted private...criticism that he's turning Social Security over to capitalists on Wall Street. He's made a point of...
