Americans Turn Against The Pillars Of Power

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By Douglas A. McIntyre Published
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Americans believe that lobbyists, large companies, banks, and the government have too much power. They have reason for their opinions. Banks nearly took down the credit system. Now, they refuse to lend to individuals and small businesses. The government runs larger and larger deficits. Lobbyists are partly to blame for that financial imprudence. They want federal payments to their clients to continue.

A new Gallup poll shows that, by contrast, “the public largely believes state and local governments, the legal system, organized religion, and the military each have the right amount of power or too little power.” These beliefs are odd because the power of state governments has eroded as they struggle with deficits. The power of organized religion may be important to individuals, but religious groups have lost some of the power they wielded in elections in the 1990s. The legal system is a “third wheel” in the triumvirate of government checks and balances. The military has  sometimes fought against more intervention overseas only to be overruled by the Administration.

The results of the polls show something that is probably common. People reject the power of the institutions which are powerful at the time of the surveys. They support the groups and institutions that do not have as much leverage. The demons are the entities that citizens cannot control much.

The cycle of which groups are powerful and which are not will swing in the next few years, as it always does. Religious groups will take more control over elections. States will seize their own fates as they raise taxes and slash budgets. The Gallup poll results will look very different soon.

Methodology: Results for this Gallup poll are based on telephone interviews conducted March 25-27, 2011, with a random sample of 1,027 adults, aged 18 and older, living in the continental U.S., selected using random-digit-dial sampling.

Douglas A. McIntyre

 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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