Americans find financial crisis far greater threat than terrorism

October 11th, 2008 - 3:26 pm ICT by IANS  

Barack ObamaWashington, Oct 11 (IANS) The vast majority of Americans surveyed post economic meltdown agreed that the financial crisis “poses a greater threat to the quality of my life than does the threat of terrorism”, says a new opinion poll. Researchers also found little trust in the government and even less in business leaders. On a personal level, 41 percent of the 802 respondents were very angry about the current financial challenges and 32 percent were moderately angry. Respondents were similarly fearful, worried, and sad.

Only 19 percent felt they could adjust to what happens because of the financial crisis; 51 percent said they had no or only slight influence for controlling the impacts on their lives. Seventy-eight percent expect to postpone major purchases (large appliances or cars).

The survey was conducted by a five-member team, including three researchers with University of Oregon appointments, by Decision Research, a think tank for risk assessment based in Eugene. Additional surveys of the same participants will continue.

Asked a series of questions to gauge who participants trust to meet the economic challenge, respondents gave no one a firm endorsement. Democratic presidential candidate Barack Obama received the highest nod, but at only 23 percent, according to a release of Oregon University.

His Republican rival John McCain drew 16 percent of their trust. Support of President Bush, Congress and the Treasury Secretary Henry Paulson ranged from 5 percent to 7 percent. Business leaders drew only 2 percent.

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