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Support For Bank "Bailouts" Has Increased Over Time

US

IPSOS has reported that US voter support for government bailouts of financial institutions has increased over time.

  • IPSOS: “Over the past decade, support for government bailouts of financial institutions grew, particularly among Republicans and independents. Now, there hasn't been as much partisan infighting on government bailouts. Partisan cueing matters here. But risk aversion does even more.”
  • IPSOS continues: “While many Americans support a government bailout, even more support the government bailing out financial institutions if it prevents a recession. The pandemic and 2008 recessions are relatively fresh experiences for many Americans. Most want to avoid repeats at all costs. Bailout yes; recession no.”
  • The data suggests that the public tends to agree with the Biden administration that "bailouts" can be justified if it prevents a recession.
  • NPR: "Bank bailouts are politically toxic, something voters made clear after the 2008 financial crisis. But for Biden, the alternative to a bank rescue could have been even worse, as he gears up for what's expected to be a second run for office in the 2024 presidential race."

Figure 1: Support for Government Bailout of Financial Institutions, % (2012-2023)

Source: IPSOS

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