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Majority Says GM Ownership Should Have Been Left to Private Sector

Friday, April 27, 2012

A majority of Americans nationwide believe General Motors should have gone through the regular bankruptcy process instead of allowing the federal government to take over in exchange for bailout money. However, they aren’t entirely convinced that the auto company would have been that much better off if it took that route.

The latest Rasmussen Reports national telephone survey shows that 56% of American Adults believe it would have been better if GM had used the regular bankruptcy procedures and left ownership in the private sector. Thirty-two percent (32%) believe it was appropriate for the government to use the special bankruptcy process in exchange for bailout money. Twelve percent (12%) are not sure. (To see survey question wording, click here.)

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The survey of 1,000 Adults was conducted on April 23-24, 2012 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.

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