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The Temperature of the Bailout Debate

Many of the commentators and pundits this morning are saying Congress' vote was misguided and uninformed, that Main Street doesn't know how inter-connected it actually is with Wall Street, etc., etc.

But consider this. We had the largest response ever to a poll yesterday asking whether or not the House did the right thing. The vote was close, but definitely in favor of the rejection.

Such polls are unscientific and unreliable and all that. But they do take a good at-the-moment temperature of your audience. Apparently the CNBC.com audience — a pretty hardcore business audience — isn't as pro-bailout as pontificators would assume. And maybe there isn't such a divide between Main Street and Wall Street as some would think, at least when it comes to government bailouts.

Just a thought.