Tuesday, November 23, 2010
Half of American adults nationwide believe it's at least somewhat likely that General Motors and Chrysler will repay their bailouts in full, but only one-in-five say full repayment will make them look more favorably on government bailouts in the future.
The latest Rasmussen Reports national telephone survey shows that 50% of Adults say it's at least somewhat likely that the taxpayer money used to bailout GM and Chrysler will be repaid, including 23% who say it's Very Likely. Forty-four percent (44%) say it's not likely the money will be repaid, including 11% who say it's Not At All Likely. (To see survey question wording, click here.)
These results are similar to those found in June, but show a large shift from January, when just 36% said it was likely the bailout money would be repaid.
For the first time, however, most Americans now don't think last year's government bailout of GM and Chrysler was a bad move. Prior to these findings, Americans consistently for well over a year have been opposed to the auto bailouts.
But just 21% say they would look more favorably on future bailouts if GM remains in business and fully repays its taxpayer bailout. Another 21% say that would make them look less favorably on bailouts in the future, and 55% say it would have no impact on their thinking.
The survey of 1,000 Adults nationwide was conducted on November 18-19, 2010 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.
Do most Americans think keeping GM in business without a bailout repayment is good for the economy? How do investors feel about the chances for repayment and future bailouts? Become a Platinum member and find out.Rasmussen subscribers can log in to read the rest of this article.
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