Federal Bail Out Programs
Federal Loan and Government Bail Out Program Stories
December 8, 2008 - CBS News Poll
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| Poll: Americans Split On Big 3 Bailout - While a majority of Americans believe that bankruptcy for U.S. automakers would have a major impact on the economy, they are evenly split about the prospect of government financial assistance for the big three. | ![]() |
Full Story - Below |
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While a majority of Americans believe that bankruptcy for U.S. automakers would have a major impact on the economy, they are evenly split about the prospect of government financial assistance for the big three, a new CBS News poll finds. Forty-five percent of those surveyed approve of government assistance for Ford, General Motors and Chrysler, while nearly as many - 44 percent - disapprove. There is more consensus when it comes to the conditions of any bailout. More than two in three say that if taxpayers do help automakers, the government should have a say in how the companies are managed. That could have something to do with whom Americans blame for automakers' current problems: While 28 percent say the companies' struggles are due to conditions beyond their control, a far greater percentage - 56 percent - blame management decisions. Read The Complete Poll And asked if the government should require U.S. automakers to produce more alternative-fuel cars in exchange for assistance, 66 percent said yes. Despite the divided views on assisting automakers, fifty-five percent predict there would be a major impact on the economy if the companies go out of business. Thirty-five percent say there would be a minor impact, while eight percent say there would be little or no impact. The automakers' economic struggles may be having a negative impact on their sales. Thirty-one percent of those surveyed say the companies' economic problems make them less likely to purchase a car from U.S. automakers. Only 11 percent of those surveyed say the companies' economic struggles make them more likely to buy cars from the automakers. Fifty-five percent say it makes no difference. |


