Poll: Americans oppose auto bailout
November 26, 2008 by Personal Liberty News Desk
The majority of Americans believe that automakers do not deserve to receive government funds, according to the results of a new survey.
Los Angeles Business’ most recent Business Pulse survey reveals that nearly three-quarters (72 percent) of respondents are not in favor of a rescue package to help the auto industry.
Meanwhile, 22 percent said they would support such a measure and 6 percent were undecided.
Comments left by readers of the website further reveal that many people feel fed up with Washington’s approach to solving the country’s economic woes.
One reader claimed that the government refuses to take a complex view of the economy, instead opting for simple solutions.
Someone else expressed frustration with the number of groups who seem to be stepping forward to request federal money.
And another respondent suggested that "the only serious cure for what’s wrong with the U.S. auto industry includes restructuring the legacy of debt, pensions and overpriced (by world market standards) labor agreements."
Carmakers’ request for $25 billion has also been met with skepticism by Congressional lawmakers, who said that industry leaders would need to submit a viable plan for the future before they receive a lifeline.