A Majority of Americans Oppose Bridge Loans for Big Three Automakers

Posted by on December 3rd, 2008 at 08:19pm

Pal2pal wrote an interesting post today on
Here’s a quick excerpt
  

Auto industry executives testify November 19 before Congress.

CNN reported today that a national poll suggests that6 in 10 Americans oppose the government entering into an agreement to provide a bridge loan to the big three automakers.  Apparently 61% said that they are “dead set against the federal government providing billions of dollars in assistance for the automakers, with 36 percent favoring such a bailout.”  

The poll, conducted Monday and Tuesday, also indicates that a majority of Americans, 53 percent, don’t think government assistance for the automakers will help the U.S. economy.
“Only 15 percent say that they would be immediately affected if the auto companies went bankrupt,” CNN Polling Director Keating Holland said. “Seven in 10 say that a bailout would be unfair to American taxpayers.”

This represents a shift in public opinion recorded in early November when “nearly half the public supported federal assistance to the big automakers when this issue […]

Read the rest of this great post here

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