Voters hate bank bailouts. But letting them fail without a safety net for customers could have been even worse for President Biden ahead of the 2024 presidential race.
Biden's poll numbers on the economy have shown a persistent weakness, something strategists say could be challenging for Democrats given the weight that American voters traditionally place on the economy in presidential elections.
Bob Inglis campaigns on June 22, 2010. The South Carolina Republican congressman lost a primary challenge in part because he voted to support a bank bailout in 2008 during the financial crisis.Bob Inglis campaigns on June 22, 2010. The South Carolina Republican congressman lost a primary challenge in part because he voted to support a bank bailout in 2008 during the financial crisis.
"I think there was a sense that the bad guys weren't getting theirs — and that the public was picking up the bill for the bad behavior," he said.
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