Tuesday, February 15, 2011
Just over half of Americans think General Motors and Chrysler may repay their taxpayer bailouts, but that doesn’t change the negative view of future bailouts.
A new Rasmussen Reports national telephone survey finds that 52% of Adults think it is at least somewhat likely that all the taxpayer money invested in GM and Chrysler will be repaid. Forty-one percent (41%) say full repayment is unlikely. Those figures include 24% who say GM is Very Likely to fully re-pay the taxpayers and 12% who say it is Not At All Likely to do so. (To see survey question wording, click here.)
These findings mark little change from November just after GM announced a $15.8 billion public stock offering that allowed the federal government to reduce its ownership stake in the company from 61% to 36%.
But also unchanged is the view Americans have of bailouts in general. Looking back, just 30% of Likely U.S. Voters believe the bailouts of banks, auto and insurance companies were good for the United States.
Thirty-eight percent (38%) of Americans now think it was a good idea to bail out GM and Chrysler. Nearly half (49%) think it was a bad idea. Last summer, 57% viewed the auto bailouts as bad. Then, amidst the hoopla surrounding the GM IPO last fall, the number viewing the auto bailouts in a negative light fell sharply to 46%.
Fifty-four percent (54%) of Democrats say it was a good idea for the federal government to provide bailout funding for GM and Chrysler. Sixty-eight percent (68%) of Republicans and a plurality (48%) of adults not affiliated with either major party disagree.
The national survey of 1,000 Adults was conducted on February 11-12, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.?Rasmussen subscribers can log in to read the rest of this article.
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