While it still may be the controversy of the century for some, recent research shows that support for rescuing General Motors (and Chrysler) during the carpocalypse of 2009 is finally increasing: more than half of U.S. residents said that the decision to rescue the two automakers was the right choice, according to a recently-conducted poll by the Pew Research Center for People & the Press. The finding is a pronounced reversal since 2009, as 56 percent of those surveyed in February 2012 said that the bailout was mostly good for the economy, compared to only 37 percent who agreed with the statement in October of 2009.
In addition, 38 percent said that the auto bailout was mostly bad for the economy — a drop of 16 percentage points from 54 percent in 2009. Support for the bailout has nearly doubled from Republicans — increasing from 23 to 44 percent.
The poll was conducted using telephone interviews February 8 through February 12 with a sample size of 1,501 adults. The margin of error is 3 percentage points for the entire sample, according to study supervisors.
The GM Authority Take
Could it be that people are finally recognizing the importance of several major domestic automakers? Or the fact that GM is one of the most healthy automakers on the planet today while significantly contributing to the U.S. (and global) economies? And who knows, maybe sometime in the near future, when the government fully divests its ownership of The General’s stock, it may even walk away with a profit. Unfortunately, those against the bailout will most likely continue playing the ideology card…
Image Credit: kesavane on Flickr