Public Strongly Opposes Government Moves on GM

June 11, 2009 5:38 PM | | Comments (0)

CQ Photo

(Getty)

Two new polls report strong voter disapproval of the government's decision to up its investment in General Motors to a total of $50 billion which makes it the biggest stakeholder in the bankrupt auto company.

A Gallup poll conducted June 9-10 found 55 percent of Americans opposed to the move while 41 percent approved. The net disapproval was 16 to 19 points in every region except the Midwest, the home of the domestic industry, where the margin of those against to those who supported it was 50 percent to 46 percent.

The government's intervention in GM was panned by a similar margin a Fox News/Opinion Dynamics poll also conducted June 9-10. Fifty-eight percent disapprove to 38 percent who approved. Republicans were overwhelmingly against the government action by 70 percent to 18 percent, as were independents by 59 percent to 36 percent. Democrats were in favor by 56 percent to 39 percent.

Now that the government has a 60 percent stake in the company, 46 percent said it should make recommendations to GM executives on key decisions, 16 percent said the government should make the key decisions and 35 percent said it should stay out of the way.

Twenty-two percent believe GM will be profitable in five years and another 32 percent that it will be breaking even.

More from CQ Politics

Categories: Economy, Fox News/Opinion Dynamics, Gallup

Post A Comment


(for verification only; will not be published with your comment)