A new Gallup poll suggests that “the share of Americans who think the Federal Reserve is doing an excellent to good job has sunk even as chairman Ben Bernanke has taken unprecedented steps to try to prevent a financial catastrophe, according to a new poll released Monday.”
This comes as no surprise — after all, the Federal Reserve’s actions throughout the crisis have been garnering public attention. Whether it’s the monetary policy or “bailouts of big financial firms such as insurance giant American International Group,” taxpayers are upset.
In 2003, 53 percent of those polled thought the Fed was doing an excellent to good job. What this means is that nearly half of those who thought the Fed was doing an excellent to good job then think the Fed is doing a less than terrific job now.
Could it be that average Americans are waking up to the fact that the Federal Reserve does not exist to protect them, but to protect big government and corporatism? I sincerely hope so.Published in