Econwatch
March 17, 2009 11:55 AM

Poll: Americans Don't Support More Help For Automakers

This morning, CBS News released a poll that highlighted President Obama's approval rating – 62 percent. But there was also some interesting survey data on the economy – most notably, that Americans overwhelmingly oppose further bailouts for U.S. automakers.

Below, some of the key points from the poll:
  • Americans have little sympathy for U.S. automakers facing financial difficulties. Just 18 percent think the government should provide them with additional financial assistance, and 76 percent think the government should not.

    Also, the public blames the automakers themselves for their current problems - by a big margin. Sixty-three percent say the problems facing the big three auto companies are mostly the result of management strategies and decisions (up from 56 percent last December), while only 24 percent say the problems are a result of economic conditions beyond the automakers’ control.


(CBS)


  • Most Americans still think the national economy is bad, but there is some positive news. While a majority remains concerned that someone in their household may lose a job, the percentage that is very concerned has dropped since the high reached in early February. Now, 32 percent are very concerned, down from 38 percent in late February and 44 percent (a record high in this poll) earlier that month.


  • While 41 percent think the economy is getting worse, that number is down from 51 percent last month. The percentage that says the economy is getting better has more than doubled, from 8 percent in February to 19 percent now.


  • The percentage of people that says the country is headed in the right direction has also been steadily rising this year – 35 percent now say that, up from a low of 7 percent last October and 23 percent last month.


  • Nineteen percent think the president will be able to make real progress fixing the economy within one year. Thirty-one percent say it will take two years, twenty-one percent say it will take three to four years, 10 percent say more than four years and sixteen percent say he never will.


  • Sixty percent will remain patient for one or two years to decide if the administration’s economic policies are a success. But should it take longer than that for the economy to recover, just 19 percent say they will be patient. Seventeen percent (mostly Republicans) say they have lost patience already.



Click here to read the full poll (PDF)

See Also: Poll: Frustration Growing Over Bailouts



This poll was conducted among a random sample of 1,142 adults nationwide, interviewed by telephone March 12-16, 2009. Phone numbers were dialed from RDD samples of both standard land-lines and cell phones. The error due to sampling for results based on the entire sample could be plus or minus three percentage points. The error for subgroups is higher.

This poll release conforms to the Standards of Disclosure of the National Council on Public Polls.
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by tomrchrt April 5, 2009 12:47 AM EDT
when is cbs or somebody going to do a story on auto industry execs. gm, bob nardelli, home depot fired him because he did absolutely nothing but spend money.
it cost home depot 120 million to get rid of him.
now he is begging for money from us for general motors.
trust me, he will get a big chunk of that money.
before home depot he was cut from general motors. he was one of the first to go..
somebody say something!
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by koop-a-troopa March 29, 2009 5:07 PM EDT
screwww all the auto makers they blew threw 17 billion since december unless yahoo is lieing; also they want another 20 plus billion to stay afloat now. obviously no one wants a dam gasoline running vehicle. 17 billion since december, scrap all of them and start a new auto industry based on helping our globe going hybrid or other alternate energy sources for transportation.
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by bessfithian March 26, 2009 2:37 PM EDT
I don't support more bail outs either but if the auto companies go bankrupt what happens to their employees they loose their jobs and go on unemployeement then what happens to our economy?
Just look at the vehicles our car companies were making big the bigger the bettter and the more gas they used the better as well. With that being said they did not even think about what would happen if the gas prices rose above what the regular people could afford so they did not even look at making more gas efficient cars like the foriegen car makers were instead they poured more money into making suvs the bigger the better and placing higher sticker prices on them when the little people were actually buying the more efficient cars made by KIA ,TOYOTA, and HONDA....
Bessfithian
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by rondq7 March 23, 2009 7:23 AM EDT
Why aren't they made to go into ch. 11 and reorganize.This whole stimulus plan that has been issued has been nothing but a hoax. The rich get richer and the poor get poorer. The banks, the auto industry, and the housing, should not have any bail-outs. They all need to go into chapter 11, reorganize and come back a stronger more sufficient company, looking at what they've done wrong for the last 15 years. Redoing contracts.
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by sjc_1 March 18, 2009 7:19 PM EDT
GM has assets and could get the money, if it were not for the financial collapse. Ford is $124 billion in debt and could not get any private money if they had to.
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by wilbursandersjr March 18, 2009 12:31 PM EDT
THere is enough blame to go around. It is not the Union, the Workers, the Executives, it is all of them. THe overpriced union salaries, the shoddy workmanship by employees, and management looking the other way playing see no evil, hear no evil, speak no evil have caused this debacle. As for not caring about the workers, it is a matter of can we keep them afloat and survive ourselves.
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by boochaka March 18, 2009 9:15 AM EDT
whitemale08 how can you say that? Unions are why the auto industry is in trouble now. Wages far exceed the quality of work put out, that's obvious by the Japanese vehicles leading the sales. Unions are forcing companies to cut jobs just to survive because of the labor costs, and do you truly think Union members would give up 10 cents to help the company survive? If GM fails it's not because American's didn't want to buy American cars because Japan brought us a better product for a better price. I've never, and I'm 57 years old, had a car or truck anywhere at all near as reliable as the Toyota's I've owned the last 15 years, and I grew up with Chevy's and Fords. I couldn't keep the front end aligned on my Ford pickup's for anything. Chevy was the better of the two but the Ford's looked better, but Toyota is just better quality for the money spent. Don't blame us for trying to survive, I can't afford to shell out all this extra money to save the Unions because they think they need $30.00 an hour, or more, to put tires on rims, or lug nuts on wheels on some assembly line.
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by boochaka March 18, 2009 7:04 AM EDT
Where do you draw the line on bailouts, why just big auto companies and not small mom & pop businesses too. Are we not dividing the country yet again by wealth? If these companies fail then maybe something will inspire them to do a better job with their product and maybe not stupidly pay Union forced wages that only God Himself could afford! We all pay for in the end via the prices of cars because of overprices labor! I mean after all our country says disabled people should be able to get by on $670 a month minimum disability pay with maybe $100.00 worth of groceries??? What a backwards ideoligy !
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by ivehadit9 March 18, 2009 5:06 AM EDT
I don't support more bailouts either. Let the automakers go bankrupt and let the bankruptcy judge tear up the contracts and restructure from there.
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by perk235 March 18, 2009 5:01 AM EDT
Thanks to Wall Street Republicans we now believe manufacturing worthless derivatives and credit-default swaps is better then manufacturing real products.
Posted by whitemale08 at 11:05 PM : Mar 17, 2009
---------------------------------------
Yes, with tax breaks to corporations for sending manufacturing jobs overseas. In the meantime, our "best and brightest" have imploded the financial system with outrageous greed and stupidity.

JP Morgan, Citibank, Bank of America, HSBC Bank USA and Wells Fargo lost, as of Dec 31, $587 BILLION in derivatives with more losses to come.
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by whitemale08 March 18, 2009 2:05 AM EDT
It's too late to bailout Detroit but let it be a lesson to the American people that Ronald Reagan was a complete idiot for 'busting up unions' and shipping our good paying jobs overseas.

Thanks to Wall Street Republicans we now believe manufacturing worthless derivatives and credit-default swaps is better then manufacturing real products.

And when people catch on to the swindle of worthless derivatives and credit-default swaps, Druggie Limbaugh wants us to not only bail out these frauds but add bonus pay on top of it.

Druggie Limbaugh is a BIG FAT IDIOT!!!
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by wardoglrs March 18, 2009 1:37 AM EDT
If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses; And the sixteen being insufficient to afford us bread, we must live, as they do now, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; But be glad to obtain subsistence by hiring ourselves to rivet their chains around the necks of our fellow sufferers; And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on 'til the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering...and the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression. -- Thomas Jefferson
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by heritagemi March 18, 2009 12:38 AM EDT
I think you're right on most counts, though Chrysler may need a bit more to get over the hump. Checking stock trends, Ford and GM were actually starting to turn the corner in July and August before the Wall Street crisis hit, and many folks could no longer get the credit to purchase a new auto. Just prior to the September collapse, Ford and GM were getting ready to release some new, fuel efficient vehicles (Fusion, Fusion Hybrid, and Chevy Cruze), and their stock prices were about six times what they are now.

But after last week, it looks like GM and Ford may be turning the corner and headed upward again. With Chrysler being privately held, it's a little harder to tell.
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by midland34 March 18, 2009 12:07 AM EDT
The solution is to restructure into a business that can make a profit.

Bankruptcy is the only option. No party is going to voluntarily give anything up.

It has to be forced. Then the autos can redo contracts, close dealerships,

mothball plants and kill brands.

No bankruptcy, and they will always use the excuse that contracts prevent the

necessary changes from taking place.

But since the autos burn Billions per MONTH, it pretty obvious its over. The

contracts don't mean much when the company is essentially out of business and the

loan/bailout is covering payroll and benefits. They don't make a profit, or even

break even, and they havn't for years.

Instead of giving them another $30 Billion to tide them over to Aug 1st. Use it to

pay everyone off one last time.

The longer this goes on, the risk is there will be no company left to save.

The autos will be much smaller companies, but with workforce and a dealer network

that matches sales. No other option.
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by djberson March 17, 2009 10:21 PM EDT
I blame consumers who ... although they will root for their sports teams through thick and thin will not support their REAL hometeam and BUY AMERICAN!
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by Newster1 March 17, 2009 10:15 PM EDT
How do the 76% feel about the 800,000 people that will lose their jobs if the automakers fail? Do they care at all?
Posted by PVperson2

Most people are concerned about their OWN jobs, homes, family and bills. Personally I don't care- the big 3 grew far too big far too fast on the idea they brainwashed the sheeple with that they had to replace these $25,000 machines every 5 years or so to keep up with the latest STYLES.
!,200 DESIGNERS on the payroll who do nothing but design new body STYLES should be the first to be eliminated!
We don't NEED a new bumper shape or different grill design you idiots, we need cars that START UP when you turn the key on a -20º morning, that isnt being "recalled" for this problem and that problem, that doesnt cost $2500 to replace a dented fender because the body shop has to tear half the front end off to do it, that you dont need a computer programmer at a $100/hour shop to figure out why the dash board says "CHECK ENGINE"

My '82 honda cvcc got 38 MPG, why is it we sit here now 27 years later and new cars STILL can't do better than that???
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by lami987 March 17, 2009 8:50 PM EDT
While unions have to bear some of the responsibilities of D3 failure. They are not the primary reason for the failure. D3 managements have to bear almost all of the responsibilities. D3 have been building big SUVs and trucks they claim to make more money, but they have been losing money for years. However they continue to depend on SUVs and trucks and fail to focus on the building of small vehicles. Many of the small vehicles they built were poorly equipped with limited choice of available options. Inspite of poor performances their executives continue to earn multimillion dollar pay packages while they whine about union pay. In the last few years they did succeed in making many union concessions. But they along with their board members failed badly in controlling their own pay packages.
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by donbl1 March 17, 2009 7:18 PM EDT
Hey, bankruptcy is fine as it will negate the union contracts.

Works for me.
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by jxknowles March 17, 2009 6:58 PM EDT
The automakers received their wakeup call and are reacting accordingly. Ford is a good prospect for survival. I will buy one this year. GM is desparately working on a new business model. 2010 should be better. Chrysler has the toughest hill to climb. I think all three will survive without further assistance from taxpayers.
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by perceptions5 March 17, 2009 5:47 PM EDT
But the Democrats will............because they are beholden to the Mob-run Unions.......................mob-run UAW in this case........

Sad........... Dems so corrupt.....

They should thank GOD everyday that their liberal pals own most of the MSM wolfpack press.......
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