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Poll: Auto Bailout Low on Fuel

Posted on Dec 3, 2008
Big Three

The Big Three are petitioning Congress heavily for funds so they can avoid bankruptcy. Public opinion has largely turned against such a move.

With a bailout of the Big Three hovering over our political landscape, popular opinion has signaled a considerable voice against any federal support for the failing auto industry. A poll shows 61% of Americans oppose a bailout, believing any government assistance would be both unfair and ineffective in fixing the economy.


A majority of Americans oppose a bailout of the troubled U.S. auto industry, according to a poll released Wednesday.

The CNN/Opinion Research Corp. poll, conducted by telephone on Dec. 1-2 with nearly 1,100 people, showed that 61% of those surveyed oppose government assistance for the major U.S. automakers.

The poll comes at a critical time for the American auto industry. Ford Motor (F, Fortune 500), General Motors (GM, Fortune 500) and Chrysler LLC are requesting up to $34 billion in emergency loans from the government amid the weakest auto sales in 25 years and persistently tight credit.

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By luc21, July 1, 2010 at 1:49 am Link to this comment

A world vote should also have been conducted. I believe the results would have a resounding result of NO GO. Since when do we as a free trading country carry the likes of these three global companies. Natural law will have seen a positive and contributing replacement.

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By Jimmy, December 11, 2008 at 2:59 pm Link to this comment
(Unregistered commenter)

If they truly have cash flow problems let them file Chapter 11, that is what it’s for.  Even if all the big three go under: Honda, Toyota, and Nissan will pick up the slack.  Sure it will hurt those affiliated with the big three, but it will not destroy the transportation industry, only rearrange the players involved.

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By robby, December 10, 2008 at 4:45 pm Link to this comment
(Unregistered commenter)

A bailout????? These companies are dead already.
They put themselves in this position.
New companies will come our way, with better ideas…better fuel
technology. Thats what we need.
Then new jobs will come.
No need to waste all this money from taxpayers.

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By a edwards, December 5, 2008 at 9:54 pm Link to this comment
(Unregistered commenter)

The fix is in by the lobbyist and politicial forces. My hope is they won’t, but these idiots are gonna put $18 Billion dollars in a company worth 4. How stupid. Not only this, but GM is gonna go away, and with our money with it. Why do we do this, as this car wreak, is not good. STOP this GM bailout.

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By cann4ing, December 4, 2008 at 7:59 pm Link to this comment

Anyone who has ever seen Who Killed the Electric Car? understands why loaning $18 billion to GM, a company with a stock value of slightly less than $3 billion, is an especially bad idea.  This is the same company which fought California’s zero emission vehicle requirements in every possible forum.  Its engineers produced the EV-1, a plug-in electric that could have long-ago ended our dependence on foreign oil.  But GM’s upper management insisted on leases while they lobbied for a repeal of the zero emissions requirement and then refused a multi-million dollar offer from the remaining leaseholders.  The last EV-1s were loaded onto flat-beds, shipped to wrecking yards and destroyed.

In the tiny minds of GM’s upper management, the EV-1, which with a better battery could have traveled more than 300 miles between charges, was too efficient.  There was the prospect of losing the monies that flow with the periodic oil changes, repairs and servicing of the internal combustion engine.  So these geniuses chose trucks, SUVs and Hummers.  Like so many of America’s economic elites, they adopted the short-term profits strategy of outsourcing in search of cheap foreign labor, losing sight of the fact that once the middle class aspirations of working class Americans were destroyed, there would be no one left who could afford to buy their gas guzzlers.

Instead of pouring $18 billion down the drain with a risky loan, the U.S. government should purchase the entirety of GM’s stock for its fair market value, sell off or liquidate the company’s foreign assets and convert its U.S. operations into the manufacture of solar aided, plug-in electrics, hybrids and high speed commuter rail.  GM should become U.S. Motors, a truly “publicly-owned” company which will never be outsourced and would not experience the drain of millions of dollars in CEO compensation.  Labor costs could be significantly reduced by our adoption of a single-payer health care system which would eliminate the parasitic middle-men (for-profit carriers and HMOs) which account for 31% of the spiraling cost of health care in this country as compared to administrative costs of 1% to 2% in single-payer countries—but that, along with the insanity of forking over billions to the speculators on Wall Street, are topics for another day.

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By Folktruther, December 4, 2008 at 6:50 pm Link to this comment

the comment by Ed sounds like the usual anti-union bullshit that the companies put out to break the unions.  That is the difference between the auto corporations and the banks.  The bailout swindle to the banks siphon money from the poor to the rich.

But a bailout of the auto industry, which I question, help the auto unions as well.  If the Big Three auto companies went bankrupt, it would allow the US and companies to break the auto unions, traditionally among the strongest, just as deregulating trucking help significantly weaken the Teamsters.

And that is the aim of both Bush and Obama, to destroy working class power.

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By Ed, December 4, 2008 at 2:37 pm Link to this comment
(Unregistered commenter)

I retired 4 years ago from a union job after 30 years.  Through those years I had friends and relatives in the auto industry.  It was common place for these workers to be off for not only months, but years in some cases.  During these “layoffs”  they would be getting 95% of their pay through the “job banks” programs.  I would remark that I did not see how any company could afford to stay in business with this practice.  My brother-in-law would get paid off by Chrysler to play softball.  He had to show up at the local park and they had teams playing softball.  They were making 95% of their pay!  This was considered community service.  At Christmas the entire plant would shut down and they all got two weeks paid time off.  Our country is a capitalist one.  We have a simple philosophy.  If you have a business, if you have a product or service people need, or want, they will buy it.  If not they won’t.  Did we bailout the typewriter industry, or any of the others that have passed their time?  Who decided we needed Hummers, and large 4-wheel drive trucks and SUV’s to drive kids to school or work?  Why should any worker make these inflated wages for a blue collar job.  The unions have become a business unto themselves.  I guess we will be asked next to bailout professional sports teams so thay can pay millions to people who play games for crying out loud.  I refuse to go to professional baseball and football games.  It costs hundreds of hard earned dollars to attend one event.  Stop! the madness.  NO! BAILOUT.

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By richard roe, December 4, 2008 at 12:05 pm Link to this comment
(Unregistered commenter)

Here’s a novel concept for a capitalist country.  Let Chevy, Ford & GM earn their keep.

That’s right.  Let them sell off their entire inventory are bargain basement prices so that they can survive and turn a profit. I’d buy a new car at 50% and I’m sure millions of other Americans would too.

Otherwise, it’s corporate welfare.  Surprise! Surprise!  The tax payer gets stuck with the bill again. 

If this multibillion dollar giveaway happens, I’ll never buy another American made car in my life.  Screw the hypocrites and tax pirates.

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By Jim Yell, December 4, 2008 at 8:11 am Link to this comment
(Unregistered commenter)

If anyone noticed we the taxpayers under cover of military need have paid for new weapons such as the “it makes you feel like you are on fire” but doesn’t necessarily hurt you weapon. The only use of which will be to disrupt crowds even peaceful, legal protest.

We have by being uncritical given our supposed leaders the weapons to distroy legal opposition. If the government continues to get out of hand how can people go to the streets except to live?

Money for the car industry, remember the creeps asking for our money are sitting on huge fortunes which are invested as much in foriegn manufacturing as they are in domestic industry. Nationalize if they have to take tax money. Make the future invovation not more petro based poison.

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By yellowbird2525, December 4, 2008 at 2:02 am Link to this comment

THEY were behind the oil being so high: & have conveniently removed PEOPLE from being responsible for “anything”; just the “corporations”; then all laws are FOR Corporations; they also removed responsibility from shareholders; they then “hid” shareholders from being “discovered”; when chemicals started being refused to be used in homes causing babies, & infants deaths, Congress (who continually does NOTHING for the PEOPLE) instantly wrote a law they no longer need to list all the ingredients on ANYTHING folks; all of this “we don’t know” how to make cars that are efficient is HORSE PUCKY folks: the ORIGINAL MODEL T 100 years old this year: was created to last 100 years: ran on GRAIN ALCOHOL: 26 MPG; & NO EMMISSIONS at all; CONGRESS forced the use of OIL in it folks;

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By yellowbird2525, December 4, 2008 at 1:56 am Link to this comment

The SAME media controlled TV, news, etc, are NOT showing the people protesting; they have segmented off state by state: remember, Bush meeting with Govenors: same with Obama: for what is NEXT on their “agenda”; it is DICTATORSHIP of the most corrupt political system ever who brought top Nazi’s over here after the war to learn EVERYTHING they could about “how” it was done: and are actively engaged in every part of it; TRUTH: the auto companies bought every patent to improve cars, and KEPT it from the people to keep society from being improved, & them “losing” $; they destroyed car getting 50 MPG at Oregon port in 1970’s; claimed “accident” as person went to get required $1500 “import” fee; (bought & brought over from Europe)USA GOV refused to allow Japan in to make cars here; finally did after CONGRESS made sign treatys agreeing would NOT make cars getting over 20 to 25 MPG; Pres after Pres has been involved in oil scandals where officials have all been bought off; 1st was the Teaparty Dome scandal; Lyndon Johnson squashed biodiesel, etc: YET they KNEW of global warming coming from CAR EMMISSIONS: NOT “cows passing gas” & their manure: KNEW if 42 MPG were implemented would cut down trememdously;

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By yellowbird2525, December 4, 2008 at 1:48 am Link to this comment

1st of all: GOD cannot nor will He bless America; He utterly opposes the oppression, & corruption not only here in the USA but around the world; He wanted to destroy it in 1949-1950 before they sent the aids virus out & because He said THIS was NOT HIS PLAN when He led His people here. His people fasted prayed & humbled themselves & pleaded for it to remain thinking it best for their children & grandchildren. He reluctantly stayed His Hand but warned it will get bad. The USA Gov is behind all of this: & the majority of it is PECEPTION MANAGEMENT: which is a military term: people PERCEIVE by sight, & what they hear & read: THIS is keeping the “peoples” perspective controlled: in reality: the USA Gov TOLD the auto Ceo’s to “come back” not in jets for PEOPLES PERSPECTIVE; REMEMBER: the CEO"S of Wall St when reprimanded for going to expensive retreat when “reprimanded” by Congress: SAID: What is wrong? normally we are REWARDED (for doing of course what the USA Gov REQUESTED them to do) WAKE UP AMERICAN PEOPLE!

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By Shift, December 3, 2008 at 10:26 pm Link to this comment

Coloradokarl, I know how you feel but timing is everything.  Despite the growing sense of despair, we have not yet reached a tipping point.  Also, no non violent leader has emerged to help people navigate the tricky waters of non violent protest.  The last thing I want is anarchy because that will surely lead to Fascism.  It’s going to be one heck of a journey Karl.

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By coloradokarl, December 3, 2008 at 4:42 pm Link to this comment

Shift, I was just driving back from Work and thinking if this goes against the middle class we need to take it to the streets. Enough is ENOUGH !!! Sitting back and taking it in the rear is not a strategy for CHANGE! Americans beat back fascism in the 1940’s we can do it again. God Bless America !!!

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By samosamo, December 3, 2008 at 3:49 pm Link to this comment

By Allan Krueger, December 3 at 11:32 am

Yes there were and when ever the public were polled and rationally rejected any bailouts or rescues they happened anyway. Credit for that can go straight to pelosi for sure. So I can safely bet that since the public are correctly opposed to financing the american auto industry, then paulson will bail them out so the ceo will get their year end pay and bonuses, management gets theirs and the taxpayers gets their up their ass.
When oh, when will the people finally pull their heads out of the sand and recognize that these overly expensive bailouts and rescues are corporate welfare for those that created this mess and now the wholly inefficient industries that did nothing to improve their products are demanding a piece of the pie. Paulson will give it to them as congress sure enough passed this treasonous bailout with the provisison that it was paulson’s money and he can do with it as he pleases. Why else are the banks that it was for are using it for golden parachutes, bonuses, investors and perks for jerks that help them get it. And now the auto industry wants their share and paulson will give it to them even if every man, woman and child polled no and they all end up starving to death to support thess traitors to the United States of America.

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By Shift, December 3, 2008 at 2:07 pm Link to this comment

I have read that one out of six jobs is related to the construction industry and one out of ten to the auto industry.  The construction industry is a bad off as the auto industry.  So why are we just talking about the auto industry?

The fact remains that the base solution to this crisis is to provide good paying jobs to the poor and middle class.  Additionally massive transfer payments from the super rich to the poor and middle class through tax policy need to be implemented immediately and made retroactive to 2008 thereby infusing money immediately to those who need it to buy cars and stay in their homes.  Anything less than that is tiddly winks. 

Corporations and the rich made economic war on the poor and middle class for the last twenty five years or more by writing their own beneficial legislation and buying Congressional votes in support of that legislation.  The ultimate result is the milking of the middle class dry.  So let’s not worry about elephant tears.  It’s time to fight back.

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By Allan Krueger, December 3, 2008 at 12:32 pm Link to this comment

weren’t there similar opinion polls about bailing out the banks / investment criminals.

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