Wednesday, January 19, 2011
Most voters still aren’t convinced that government bailouts have been a good idea.
A new Rasmussen Reports national telephone survey finds that 53% of Likely U.S. Voters think, looking back, that the bailouts of banks, auto companies and insurance companies were bad for the United States. Thirty-one percent (31%) disagree and feel the bailouts were good for the country. Sixteen percent (16%) aren’t sure. (To see survey question wording, click here.)
The gap between Mainstream voters and the Political Class remains striking. Two-out-of-three Mainstream voters (67%) say the bailouts were bad for the United States, while 60% of those in the Political Class say they were a good thing.
This is the first time that Rasmussen Reports has grouped all of the bailouts together in one question, but most voters have consistently from the start opposed the bailouts for the financial sector and General Motors and Chrysler when asked about them individually.
Opposition to the auto bailouts dropped to 46% in mid-November following GM’s $15.8-billion public stock offering which allowed the government to reduce its ownership stake in the company from 61% to 36%. It still appears unlikely, however, that either of the auto companies will ever fully repay the taxpayer bailouts they received.
Goldman-Sachs, one of the beneficiaries of a bailout, reported record quarterly earnings early last year, and while those earnings missed projections later in the year, the firm still appears quite healthy financially. Maybe that’s one reason why 81% of Americans think Wall Street benefited more than the average taxpayer from the bailouts of the financial industry.
The survey of 1,000 Likely U.S. Voters was conducted on January 17-18, 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.
OR8-Weeks FREE to our top-tier Platinum Service Subscription. Limited Time Offer > Sign Up Now!
Rasmussen Reports is a media company specializing in the collection, publication and distribution of public opinion information.
We conduct public opinion polls on a variety of topics to inform our audience on events in the news and other topics of interest. To ensure editorial control and independence, we pay for the polls ourselves and generate revenue through the sale of subscriptions, sponsorships, and advertising. Nightly polling on politics, business and lifestyle topics provides the content to update the Rasmussen Reports web site many times each day. If it's in the news, it's in our polls. Additionally, the data drives a daily update newsletter and various media outlets across the country.
Some information, including the Rasmussen Reports daily Presidential Tracking Poll and commentaries are available for free to the general public. Subscriptions are available for $4.95 a month or 34.95 a year that provide subscribers with exclusive access to more than 20 stories per week on upcoming elections, consumer confidence, and issues that affect us all. For those who are really into the numbers, Platinum Members can review demographic crosstabs and a full history of our data.
To learn more about our methodology, click here.