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Poll: Public Now Favors Bailout More Than They Oppose It

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True, Rasmussen’s numbers still include a great deal who are undecided on the matter, but once they see this 777 point drop in the Dow today which wiped out ANY gains from Bush’s entire 8 years as President, I’m thinking they’re start to reconsider.

From Rasmussen:

As Congress prepares to vote on a proposed economic rescue plan, opposition to the measure has declined significantly. A Rasmussen Reports national telephone survey conducted Sunday found that 33% of Likely Voters now favor the plan while 32% are opposed and 35% are not sure.

For proponents of the legislation, that’s a significant improvement. On Friday, just 24% of voters had supported the plan while 50% were opposed.

And here’s the biggest data point…

Just 49% understand that the government anticipates recovering a significant portion of the $700 billion when the assets purchased are resold. Twenty-six percent (26%) say that’s not part of the plan while the rest are not sure.

Those who understand that taxpayers will eventually get much of the money back support the bailout by a 2-to-1 margin. Those who incorrectly believe the government will not be getting money back oppose the bailout by a 62% to 18% margin.

So when people actually understand the terms of the bailout and realize that their money isn’t just being thrown down a big hole, they favor it. Imagine that.

That’s why I’m asking, respectfully, that if you’re a blogger and you’re not sure about the facts of the bailout…PLEASE don’t write about. This situation is too important for you to just throw around a bunch of uninformed opinions about the terms of the deal and muddy up the waters with a bunch of nonsense and misinformation.