80% want government to sell its stake in Car Companies Now

A Rasmussen Reports national telephone survey finds that only 11% disagree and want the government to retain ownership for a long time.

Support for ending the government ownership is so strong that 64% favor a proposal that would force the government to sell the auto companies within a year. Only 26% are opposed.

Voters feel nearly as strongly about the ownership interest the government has taken in several bailed-out U.S. banks. Seventy-one percent (71%) say the government should sell that ownership to private investors as soon as possible.

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Americans Have Voted ‘No' on GM Bailout From Day One

When GM came begging to the federal government last fall, driven to the brink of bankruptcy by poor management, high labor costs and a faltering economy, America signaled that the love affair was over. In survey after survey since, Rasmussen Reports has found that Americans are not in a bailout mood, for GM or anybody.

In November just after the election, 45% of Americans were opposed to the loans, 35% favored them, and 20% were undecided. Four-out-of-five (80%) were concerned the government would get too involved in the private economy.

That same month, nearly half of U.S. voters (48%) said it was better for the economy to let companies like General Motors fail rather than providing government subsidies to keep them in business.

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