aaf survey on dodd-frank

8/20/2019 AAF Survey On Dodd-Frank

1/24

D O D D - F R A N KS U R V E Y

January 18

-

20, 2016


2/24

2

METHODOLOGY

The following survey was conducted by

OnMessage Inc. in 30 congressional districts.

Telephone interviews were conducted on

January 18-20, 2016. This survey consists of1200 likely voters and was stratified to reflect

historic voter trends. The margin of error for this

survey is +/-2.82%.


3/24

3

METHODOLOGY

The survey was separated into the following threegroupings to gain an understanding of the views ofdifferent parts of the population.

Conservative AdvantageCompetitive Conservative Stronghold

CA-10CA-21CO-6IL-12MN-2

NH-1NV-3

NY-21NY-24VA-2

CA-25CA-39FL-15IA-4IN-2

KY-6MT-ALNY-23PA-3

TX-23

AL-1AR-2CA-4CO-5FL-11

GA-5IL-15OK-4PA-9TX-17


4/24

4

25 129

125

28

34

I MAGE T E S T SR E P U B L I C AN S I N C O N G R E S S

53

Net: -19

Very FavSomewhat FavSomewhat UnfavVery Unfav

Never Heard Of

No Opinion

27 128

12329

23 119

227

28

25 1310

2725

COMPETITIVENET: -17

CONSERVATIVE ADVANTAGE

NET: -23CONSERVATIVE STRONGHOLD

NET: -17

35

52

32

55

35

52


5/24

5

21 118

125

35

29

I MAGE T E S T SD E M O C R AT S I N C O N G R E S S

60

Net: -31


Never Heard Of

No Opinion

23 128

124

33

24 107

226

31

17 108

24

41

COMPETITIVENET: -26



NET: -40

31

57

31

57

25

65


6/24

Regulation

Series


7/24

4050 50

36 3726

COMPETITIVE CONSERVATIVE ADVANTAGE CONSERVATIVE STRONGHOLD

7

B I G B AN K S VS. B I G G O V E R N M E N T

47 33 21

Big Government Big Banks DK/Refuse

“Which of the following do you think has had more of a negative impact onyour personal financial situation over the last decade big government or big

Wall Street Banks .”

+14 Big Governmentover Big Banks


8/24

33 3140

48 5441


8

M I S G U I D E D P O L I CY VS. L AC K O F R EGULATION

35 48

12 3 3Misguided

Federal Policy

Lack of

Regulation

Both Neither DK/Refused

“Thinking about the financial crisis of 2008, please tell me which of thefollowing comes closest to your opinion.”

Some people say that the financial crisis was causedby misguided federal policies which encouraged

banks to offer home loans to people who could notafford to pay them back.

Others say that the financial crisis was caused by alack of regulation over the financial industry and thatWall Street bankers took advantage of the system by

offering risky loans for their own personal profit.


9/24

33 30 3348 48

41

7 13 10

COMPETITIVE CONSERVATIVE ADVANTAGE GOP STRONGHOLD

9

C A US E O F F I N A N C I A L C R I S I S

30 4510 10 4

Government

Regulations

Greedy

Executives

Natural Economic

Cycles

All of the Above DK/Refused

“Thinking again about financial crisis of 2008, please tell me which of thefollowing was the greatest cause of the crisis”

Government regulations that forcedbanks to make millions of risky home

loans.

Greedy Wall Street executives whogambled on the housing market bubble,

endangering the financial system.

Natural economic cycles that all butguaranteed that a recession would

occur.

Who’s to blame? Wall

Street greed trumps

misguided federalpolicies by 15 points,

but hang on.


10/24

3514 9

30

12

Agree Disagree DK/Refused

10

65

“Please tell me if you agree or disagree with the following statement.Although the Obama Administration claims that lack of regulation caused the

financial crisis of 2008, the real cause was misguided federal policy that

encourage banks to offer loans to people who could not pay them back,

leading to a nationwide real estate crash.”

M I S G U I D E D P O L I C Y

Somewhat

Strongly

26

61 66 68

29 28 23

COMPETITIVE CONSERVATIVE ADVANTAGE GOP STRONGHOLD

Agree

Disagree


11/24

Dodd-Frank


12/24

12

10 276

321016

16

I MAGE T E S T ST H E D O D D - F R A N K W A L L S T R E E TR E F O R M A C T

26

Net: -10


Never Heard Of

No Opinion

10 296

30817

11 267

3212129 265

331018

COMPETITIVENET: -9



NET: -14

16

25

18

24

14

28

59% have no ideawhat we’re talking

about.


13/24

3321

51317

38

Liberal Moderate Conservative

13

Age/Gender/Race

I MAGE T E S T ST H E D O D D - F R A N K W A L L S T R E E TR E F O R M A C T

FavorableUnfavorable

17 15 19 13 15 182324 27

3220 27 24 19

55 & Under Over 55 Male Female White Hispanic Af.

American

Ideology


14/24

3143

1

5

20

Familiar Unfamiliar DK/Refuse

14

36

How familiar would you say you are with the Dodd-Frank Wall Street ReformAct? Would you say you are …

FA MI LI AR IT Y W IT H D O D D- F R A N K

Somewhat

Very

63

37 35 37

62 64 62


Familiar

Unfamiliar


15/24

13 2225

24 17

Favor Oppose DK/Refused

15

37

As you may know, in 2010 President Obama signed the Dodd-Frank WallStreet Reform Act into law with the goal of increasing federal regulation over

the financial industry following the financial crisis of 2008. Based oneverything you have heard, do you favor or oppose the Dodd-Frank Wall

Street Reform Act?

D O D D- F R A N K – FAVOR/ O P P O S E

Somewhat

Strongly39

39 4131

38 37 40


Favor

Oppose

The default position is a dead heat with a slight intensity advantage.


16/24

73

49

151323

60

Liberal Moderate Conservative

16

Age/Gender/Race

FavorOppose

39 36 38 36 35 42 5137 39 45 32 40 4122

55 & Under Over 55 Male Female White Hispanic Af.

American

D O D D- F R A N K – FAVOR/ O P P O S E

Ideology

Starts 26 points net favorable

among Independents.


17/24

514

27 2220 12

Helped Harmed No Difference DK/Refused

17

25

Based on everything you have heard, would you say that the Dodd-FrankWall Street Reforms helped, harmed, or made no difference to the stability of

our financial industry?

E F F EC T O F D O D D- F R A N K

Somewhat

Strongly

26

26 26 2327 22 282731 25


Helped

Harmed

No Difference


18/24

Dodd-FrankPush Series

19


19/24

D O D D- F R A N K P U S H S E R I E SC O M P E T I T I V E

24

22

20

19

25

38

43

44

46

42

8

9

7

7

8

6

7

5

6

6

100 80 60 40 20 20 40 60 80 100

NETLess Likely More Likely

Somewhat More Likely

19

1467

Much Less Likely Somewhat Less Likely Much More Likely

-53

The Dodd-Frank Act was aimed at big banks, but its crippling legaland administrative costs have caused many small banks to close or

reduce lending which has harmed local economies and made itincreasingly difficult for small businesses and entrepreneurs to thrive.

1365 -52

1665 -49

1264 -52

Dodd Frank created a new type of bailout fund for big banks calledOrderly Liquidation Authority. Instead of requiring big banks to gothrough the same bankruptcy shutdown procedures as all other

companies in America, banks are allowed an exception to the rulesthrough OLA.

Before the Dodd-Frank Act, over 75% of banks offered freechecking. However after the Dodd-Frank regulations took affect

only 39% now offer free checking.

Many experts say that the Dodd-Frank Act was aimed at Wall Streetbut hit Main Street.

Most traditional banks are not willing to make small dollar loans. Thisleaves many working families with no option to cover unexpected short

term expenses except for the lifeline of taking out a short term loan.1462 -48

20


20/24

D O D D- F R A N K P U S H S E R I E SC O N S E R V A T I V E A D V A N T A G E

27

24

27

24

24

32

35

36

39

41

11

14

11

12

11

11

8

11

10

7

100 80 60 40 20 20 40 60 80 100



20

1865


-47Before the Dodd-Frank Act, over 75% of banks offered free checking.

However after the Dodd-Frank regulations took affect only 39% nowoffer free checking.

2263 -41

2259 -37

2263 -41

Dodd Frank created a new type of bailout fund for big banks calledOrderly Liquidation Authority . Instead of requiring big banks to go

through the same bankruptcy shutdown procedures as all othercompanies in America, banks are allowed an exception to the rules

through OLA.

Dodd-Frank was supposed to shrink banks that were deemed “too bigto fail” but by driving out smaller banks, the reality is it made big Wall

Street banks even bigger.

The Dodd-Frank Act does not end bailouts for too-big-to-fail banks. Infact, it makes those bailouts a requirement of federal law.

Many experts say that the Dodd-Frank Act was aimed at Wall Street buthit Main Street. 2259 -37

21


21/24

D O D D- F R A N K P U S H S E R I E SC O N S E R V A T I V E S T R O N G H O L D

18

17

18

17

21

43

43

44

45

44

11

11

11

10

9

9

6

8

7

7

100 80 60 40 20 20 40 60 80 100



21

1665


-49Before the Dodd-Frank Act, over 75% of banks offered free checking.

However after the Dodd-Frank regulations took affect only 39% nowoffer free checking.

1762 -45

1860 -43

1962 -43

The Dodd-Frank Act does not end bailouts for too-big-to-fail banks.In fact, it makes those bailouts a requirement of federal law.

Dodd-Frank was supposed to shrink banks that were deemed “too bigto fail” but by driving out smaller banks, the reality is it made big Wall

Street banks even bigger.

Dodd Frank created a new type of bailout fund for big banks calledOrderly Liquidation Authority (OLA). Instead of requiring big banks to

go through the same bankruptcy shutdown procedures as all othercompanies in America, banks are allowed an exception to the rules

through OLA.

The Dodd-Frank Act did nothing to reform government backedmortgage giants Fannie Mae and Freddie Mac, which many experts say

were the root cause of the Financial Crisis of 2008.

2061 -41

Appeals mostly to conservatives.

22


22/24

6

4213

16

23

Favor Oppose DK/Refused

22

22

“Now knowing this, do you favor or oppose the Dodd-Frank Wall

Street Reform Act?”

D O D D- F R A N K – P O S T P U S H

Somewhat

Strongly

65

23 26 18

62 6369


Favor

Oppose

• Killing Small Banks

• Special Rules for Big Banks

• Punishing Consumers

• Too big to fail (cons)

Collapses support of Dodd-Frank

23


23/24

3923

3862

Pre-Push Post-Push

W H O M OVED?D O D D - F R A N K P U S H S E R I E S

y

23

COMPETITIVE

+24 OPPOSE

4126

37

63

Pre-Push Post-Push


+26 OPPOSE

3118

40

69

Pre-Push Post-Push


+29 OPPOSE

73

47

1336

Pre-Push Post-Push

LIBERAL+23 OPPOSE

493023

58

Pre-Push Post-Push

MODERATE+35 OPPOSE

15 7

60

83

Pre-Push Post-Push

CONSERVATIVE+23 OPPOSE


24/24

D O D D - F R A N KS U R V E Y

January 18-20, 2016

aaf survey on dodd-frank

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