Consumers mixed on economic bailout

03.21.09
By Lewis Green

The president has said previously he is taking steps to stop foreclosure so communities do not deteriorate and businesses do not falter.

But as the government takes actions to help homeowners facing foreclosure renegotiate loan terms in an effort to remain in their homes, some Americans are not sure these bailouts are the right course of action.

New data from the Pew Research Centre shows Americans are torn about whether or not the government should have taken action to prevent foreclosures. According to Pew, 46 percent agree with the government spending billions to help homeowners in trouble, while another 46 percent disagree with the help.

Earlier this month data from RealtyTrac showed that foreclosure filings in February increased by 6 percent, suggesting that programs put in place by the government and other mortgage lenders to help delay foreclosure filings were not yet fully taking hold.

RealtyTrac said that one in every 440 households in the country was subject to a foreclosure filing last month.

The same data from Pew also shows that President Obama's approval rating has dropped from 64 percent in February to 59 percent in March.

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Some disagree with funds used for foreclosure assistance