Bailout Psychology in front of Americans by Milota Sidorova

It´s a fact Americans don’t stay behind threatening bailout plan these days. What’s wrong?
Was the communication wrong? Did the politicians value their safe places up there more than the honest confession?

Let’s just look at the ‘marketing strategy’ of highly unpopular plan that crashed down Wall Street and keep on declining the world markets.
According more psychologists the talks miss several key features that might be increasing public sense of trust into government steps. However it seems quite a benefit for opposite Democrats, the consequences of rejection either ‘action of doing nothing’ may fall even upon their heads.

Well, one may ask what trust may ordinary citizen put into billions tax income floating in the Space? Moreover, try to believe Paulson, who’s personally another rich banker. Does it feel better with George Bush whose credit is plunging around zero point?
The campaign lacks the honest and respected messenger declaring and defending governmental decisions in front of the eyes of public.
One who’s up into commercial industry surely knows the name is the base of every successful campaign. Do you think the word bailout sounds like a step focused on ordinary citizen? In fact it’s more connected with the financial world that is too much abstract for a heads of the families struggling for everyday. However, it seems to be late to change bailout into something ‘more human’ for example ‘Customer Protection Cut’.

Public may be disappointed by lack of exactly information from the exact person linked up with the rescue plan. As far as we know, Paulson and Bernanke have been speaking so unclear in the public discussions. According senators, the briefest talks held their places behind the door.
According some Bernanke didn’t risk provoking financial hysteric claiming the consequences.
Credit crunch, sky high unemployment, inability to get loans and quick mortal blow for many banks sinking the consumers’ spending…
One has to be clear and sincere when want to success.

As for the proposal, today is nervous day for the Congress. The proposal has transformed adding several key changes. FDIC should raise deposit for bank and individual accounts up to $250,000 and carefully consider individual tax breaks to middle class incomers and small business.

However, if the Senate passes the proposal today, it will return back to the House of Representatives. That forecasts a lot of emotion theatre for the next days.


related story: http://news.yahoo.com/s/time/20081001/us_time/whyarentamericansbuyingthebailout;_ylt=AsSh4gx7363f7_Man6w6wc6s0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

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edited by Beata Biskova