April 27th, 2010
06:00 PM ET

If you had extra $, invest in stock market?



FROM CNN's Jack Cafferty:

The bloom is slowly returning to the rose that is Wall Street. More and more Americans are willing to put their money into the stock market these days.

A new Gallup poll shows 22 percent of those surveyed say stocks or mutual funds are the best long-term investment... that's up from 15 percent who felt that way one year ago...

Real estate tops the list in this poll - with 29 percent saying that's the best long-term investment... 28 percent say savings accounts or CDs ... and 14 percent say bonds.

This poll also shows wealthier and college-educated Americans prefer stocks and mutual funds for long-term investing... while those with lower incomes and no college education prefer savings accounts or CDs.

There are several reasons why Americans might be a bit more confident in Wall Street these days.

For one thing, the stock market is much stronger now - with the Dow Jones Industrial Average closing at 11,205 points yesterday... up from a low of 6,547 in March of 2009 at the height of the financial crisis. That's an impressive gain of 71 percent in little more than a year.

Also, people may be more confident because they believe the government will soon have more oversight when it comes to Wall Street.

As we reported last hour in the Cafferty File - two-thirds of Americans support stricter regulations for banks and financial institutions.

So in case there are a few extra bucks in your pocket as the economy starts to show signs of recovery...

Here’s my question to you: If you had an extra $10,000, would you invest it in the stock market?

Interested to know which ones made it on air?


Filed under: Uncategorized
April 27th, 2010
05:00 PM ET

2/3 of Americans support financial reform, but Senate GOP blocks it

FROM CNN's Jack Cafferty:

Here we go again. Yet another example of our representatives in Washington not listening to what the people want.
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2010/images/04/27/art.brown.jpg caption="Sen. Scott Brown (R-MA) talks with reporters after a vote on financial reform. Senate Democrats failed to bring legislation to the floor for debate in a 57-41 vote, unable to gain the 60 votes needed to overcome the threat of a Republican filibuster."]
Despite the fact that two-thirds of Americans support tougher regulation of banks and Wall Street... Republicans have already voted unanimously to block financial reform from reaching the senate floor - and they might do it again minutes from now when another test vote happens.

A new ABC News/Washington Post poll shows 65 percent of those surveyed want stricter financial reform. 31 percent are opposed.

The poll also shows majorities back two key parts of the senate bill... including greater government oversight of consumer loans... and a fund - paid for by the banks - that would help dismantle failing institutions. According to this poll, the public is split on letting the government regulate complex financial instruments knows as derivatives.

Also - by a double-digit margin, Americans trust Pres. Obama more than the Republicans in Congress to handle financial reform...

Not a huge surprise when you consider how the GOP is handing this. Although Republicans say they want a bill to pass... they say it needs to be "substantive" and they insist they won't be quote "rushed on another massive bill" by the Democrats. Top Republicans remain optimistic they can come to a bipartisan agreement.

Meanwhile, Majority Leader Harry Reid - who called another vote for this afternoon - says the Democrats won't tolerate efforts to water down the reform.

Here’s my question to you: Why are Senate Republicans blocking financial reform legislation when two-thirds of Americans want it done?

Interested to know which ones made it on air?


Filed under: GOP • Republicans • Senate
April 27th, 2010
01:00 PM ET