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Just 21% Favor GM Bailout Plan, 67% Oppose
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Issue
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| Contributor | Scott³ |
| Last Edited | Scott³ Jun 01, 2009 03:22pm |
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| Category | Poll |
| News Date | Sunday, May 31, 2009 09:20:00 PM UTC0:0 |
| Description | Rasmussen Reports
"Only 21% of voters nationwide support a plan for the government to bail out General Motors as part of a structured bankruptcy plan to keep the troubled auto giant in business.
The latest Rasmussen Reports national telephone survey finds that 67% are opposed to a plan that would provide GM with $50 billion in funding and give the government a 70% ownership interest in the company.
Even when presented with the stark choice between providing government funding or letting GM go out of business, only 32% of voters support the bailout. Most voters (56%) say it would be better to let GM go out of business.
As on many issues, there is a huge gap between the views of the Political Class and the rest of the nation. By a two-to-one margin, the Political Class says it is better to provide the bailout funding than to let GM fail.
Most political conservatives and moderates say it’s best to let the company fail, but liberals are evenly divided. A majority of voters in all age groups say it’s better to let GM go out of business. So do 59% of men and 53% of women.
An earlier survey found that 76% believed economic recovery was possible even if GM fails.
Looking back at the bailout funding already provided, 60% say the auto bailouts were a bad idea. Two-out-of-three believe that most of the bailout money is going to those who caused the economic crisis.
Only 18% say the federal government will do a good job running GM. But they suspect the government will do all it can to help its investment. After taking ownership of GM and Chrysler, 57% expect the government will pass laws and regulations giving those companies unfair advantages over others." |
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