Well here is a chart that might shed some light on this subject.
From this article in Mother Jones.
So here’s the latest Gallup poll, asking people whether various groups have “too much power.” The funny thing about it is that Americans apparently think that everyone has too much power:
Soooo…..maybe this has something to do with the last election and may also have an impact on the next.
And to put a timely political spin on this, the lousy showing of the federal government goes a long way toward explaining why Obama “lost” the battle with John Boehner and the tea party over spending cuts. Without taking sides on whether Obama himself deserves any of the blame for this, the fact is that it’s pretty much impossible to win a political battle when the public is on the other side. And this poll makes it pretty clear that a big plurality of Americans are in favor of defanging the federal government.Of course, they’re largely in favor of this only when proposed spending cuts are aimed rather vaguely at “discretionary programs” or some such. Boehner won this round because the actual reductions on the table were never made concrete. (In fact, they’re still trying to figure out exactly which line items are going to be cut.) However, when it comes to something big and well known, like Medicare, this dynamic shifts in the opposite direction and Boehner will almost certainly be on the losing side of public opinion if he tries to push for big cuts. Political strategy matters in all this, but public opinion matters even more. That’s the main reason Boehner won this round and it’s the main reason he’ll lose the next one if he overreaches.
In a breakfast round table with reporters, Frank said that the public is angry that the banks haven’t started to lend more money. He said that people are also mad at CEO pay, purchases of executive jets, and even stadium naming rights. While he said that it is inevitable that some bankers will be rewarded with TARP funds, it is the responsibility of banks and financial institutions receiving the money to win the public’s support.
“People are outraged,” said Frank, who strongly backs CEO pay caps and has indicated support for limiting lobbying expenses by the institutions.
He warned that until the public turns around to support spending TARP II money, none will be approved by Congress. “I am confident you won’t see that going forward,” he told reporters.
This anger and rage has not abated much, it at all. Add to that the inaction on jobs and the economy and Americans have every right to want to kick everyone inside the beltway in the groin.