Like most Americans, voters in Michigan take a dim view of federal bailouts for banks and financial companies. Just 30% think they’re a good idea while 50% disagree, according to a new Rasmussen Reports telephone survey of voters in the state.

When it comes to bailouts for the auto industry, Michigan voters have a much different view.

Looking back, 59% say loaning taxpayer money to General Motors and Chrysler to keep them in business was a good idea while just 33% say the loans were a bad idea. By a narrower 49% to 37% margin, Michigan voters also favor providing additional federal funds to the struggling automakers.

Nationally, Americans tend to view both the bank and auto bailouts as a bad idea.

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In Michigan, just 47% believe it’s possible for the economy to recover if GM or Chrysler go out of business. Nationally, 76% believe economic recovery is possible if GM fails.

Some in Michigan believe the auto industry has been treated more shabbily than the financial sector during recent months. One reason for the double standard can be explained by a 43% gap: 55% of voters are investors, but just 12% believe they would be directly impacted by the failure of GM.

In Michigan, just three percent (3%) rate the economy as good or excellent while 67% say it’s in poor shape. Fifty percent (50%) believe the economy will be stronger in a year, and 73% believe it will be stronger in five years.

Sixty-four percent (64%) of Michigan voters approve of the way President Obama is handling his job.

Just 48% say the same of Michigan Governor Jennifer Granholm.

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