Fifty-three percent (53%) of Americans still think the federal government bailout of General Motors and Chrysler was a bad idea. But confidence that the money will be repaid is up. Seventy-two percent (72%) of Republicans and 53% of adults not affiliated with either of the major parties say the auto bailout was a bad idea. Democrats are much more closely divided: 43% think the bailout was a good idea, but 36% disagree.
Sixty percent (60%) of Democrats say it’s likely that all the taxpayer money invested in GM and Chrysler will be repaid. Most Republicans (55%) say that’s unlikely. Unaffiliated adults are almost evenly divided on the question.
Could it be that bailouts, as part of a greater Keynesian recessional recovery package, fail to stimulate growth and create a moral hazard by subsidizing bad behavior? It’s simple math folks.