February 20, 2009
Forty-five percent (45%) of Americans oppose the federal government subsidizing mortgage payments for financially troubled homeowners, according to a new Rasmussen Reports national telephone survey.
Thirty-eight percent (38%) think government subsidies are a good idea, and 18% are not sure which course is best to follow.
While 61% of Republicans oppose subsidizing mortgages, the plurality of Democrats (48%) support government aid to at-risk homeowners. Among adults not affiliated with either party, 33% favor subsidies, but 45% are against them.
The findings come as President Obama announced on Wednesday a $275-billion taxpayer-backed plan that would help an estimated nine million Americans refinance their mortgage payments or otherwise avoid foreclosure.
A majority (51%), however, say the government should find a way to help all homeowners reduce their payments rather than just help those who face foreclosure. But 15% think government assistance should target only those threatened with foreclosure.
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