Americans split on bail out package to Ford, General Motors and Chrysler

December 9th, 2008 - 5:22 pm ICT by ANI  

Washington, Dec 9 (ANI): A majority of Americans believe that bankruptcy for US automakers would have a major impact on the economy, and are evenly split about the prospect of providing government financial assistance for the big three, according to a new CBS News poll.

Forty-five percent of those surveyed approve of government assistance for Ford, General Motors and Chrysler, while nearly as many - 44 percent - disapprove.

There is more consensus when it comes to the conditions of any bailout. More than two in three say that if taxpayers do help automakers, the government should have a say in how the companies are managed.

That could have something to do with whom Americans blame for automakers” current problems: While 28 percent say the companies struggles are due to conditions beyond their control, a far greater percentage - 56 percent - blame management decisions.

And, asked if the government should require US automakers to produce more alternative-fuel cars in exchange for assistance, 66 percent said yes.

Despite the divided views on assisting automakers, 55 percent predict there would be a major impact on the economy if the companies go out of business. Thirty-five percent say there would be a minor impact, while eight percent say there would be little or no impact.

The automakers economic struggles may be having a negative impact on their sales. Thirty-one percent of those surveyed say the companies economic problems make them less likely to purchase a car from US automakers, CBS News reported.

Only 11 percent of those surveyed say the companies economic struggles make them more likely to buy cars from the automakers. Fifty-five percent say it makes no difference. (ANI)

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