With the recent five-year anniversary of America’s fiscal crisis and an ongoing controversy over whom President Barack Obama will appoint to be the next chairman of the Federal Reserve, financial regulation is a very hot topic in political circles right now.
Of course, that’s no guarantee of a consensus about how the U.S. government should approach financial regulation. And as new polling data released Tuesday by the Pew Research Center shows, America’s divide over fiscal policy runs very deep.
“Sixty-four percent of Republicans believe the government has gone too far in regulating financial institutions compared to 26 percent of Democrats — a 38 percentage-point difference,” Bruce Drake wrote Tuesday for the Pew Research Center. “In fact, 62 percent of Democrats believe regulation has not gone far enough, compared to 32 percent of Republicans.
“Independents fall in between, with 41 percent saying regulation has gone too far, and 51 percent saying it hasn’t gone far enough.”