Humphrey Institute to host panel on economy

A poll conducted by Minnesota Public Radio News and University of Minnesota Humphrey Institute indicates nearly one quarter of Minnesotans are scared because of the turmoil in the financial markets, while another 70 percent are concerned. The Humphrey Institute will host a panel discussion on the financial crisis facing the nation on Tuesday from 4 p.m. to 5:30 p.m. The discussion will focus on what the $700 billion bailout package means for the state and local economies, and will be followed by an audience question and answer session. Panelists will include Representatives from the Federal Reserve Bank of Minneapolis as well as University Economics Faculty. According to the survey, 71 percent of voters polled support increased regulation of the investment banking industry. The survey also suggests the struggling economy is providing a modest boost to Democratic presidential candidate Barack Obama. The poll also shows two thirds of Minnesotans believe the economy and jobs are the most important problems facing the nation. This is more than a 60 percent increase since August. Six out of ten respondents gave the countryâÄôs economic conditions a rating of âÄúpoorâÄù, the most severe classification. 60 percent of those polled blamed bad management, not the government, for the economic crisis. When respondents were asked who would be better able to handle the problems with investment banking, Obama had an eight percent edge over McCain. The poll was directed by Lawrence Jacobs, director of the Center for the Study of Politics and Governance at the University. The poll of 766 likely voters has a margin of error of plus or minus 3.6 percentage points.