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Americans support U.S. auto industry aid nearly two-to-one
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GM headquarters, Detroit Rob Widdis / European Pressphoto
Despite widespread skepticism surrounding the government bailout of the financial services industry, nearly two to one Americans approve of aid to U.S. automakers.
In a poll released today by research firm Peter D. Hart, 55% of all respondents expressed broad support for loans to the big three, believing a GM, Ford, or Chrysler failure in the next few years could trigger an economic depression.
“Their support is grounded in the hope that a revitalized auto industry could mean good things for the manufacturing sector and the country as a whole,” says firm Chairman Peter G. Hart. “The public sees in stark terms the harm it would do to the country if the domestic auto industry no longer had the resources to produce vehicles. It is recognition that it is the country's central manufacturing base."
The poll also revealed that American’s concerns over the troubled domestic auto industry involved more than its impact on the country’s economic stability. Nearly three-quarters of the respondents saw a potential collapse as harmful to the U.S.’ standing in the world. A similar number feared reduced car buyer choice as a consequence as well.
The study was commissioned by General Motors , although the world’s largest automaker had no input on the survey’s design, content or methodology.
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