'Staunch Conservatives' Are Wary of Wall Street

Source Organization: Pew Research Center

05/26/2011 - Nearly three years after the financial crisis that sent the nation’s economy into a tailspin, the public expresses mixed views of Wall Street. Nearly half of Americans (47%) say that Wall Street hurts the U.S. economy more than it helps, while 38% say it helps more than hurts; 15% offer no opinion.

These findings, from Pew Research’s new Political Typology survey, are consistent with past surveys showing public ambivalence about Wall Street. In April 2009, shortly after the financial meltdown, a large majority (63%) said that Wall Street made an important contribution to the economy, but about as many (67%) said that Wall Street cared only about making money for itself.

The Political Typology shows that views of Wall Street do not divide cleanly along partisan and ideological lines. Staunch Conservatives are strongly anti-government and pro-business; a large majority (72%) agrees with the Tea Party. Yet Staunch Conservatives express only modest support for Wall Street: 48% say it helps the economy more than hurts it, 39% say it hurts more than helps.

Read the full article 'Staunch Conservatives' Are Wary of Wall Street on the Pew Research Center for the People & the Press Web site.  These findings are from the report: Beyond Red vs. Blue: The Political Typology.

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