CBS News has released the poll results on whether the Big Three should get bailout money from Congress or not.
Today, Congress sent a $15 billion proposal to the White House.
Here is the poll from CBS News and the results.
HELPING THE BIG THREE U.S. AUTO MAKERS
December 4-7, 2008
Americans are split over government providing financial assistance to U.S. auto makers, but strongly insist on government oversight of the companies’ management - whom most blame for the companies’ problems – as a condition of any aid.
Yet Americans do agree on the big three’s importance: most (55%) foresee a major impact on the economy if any of them go under.
The nation divides over the general idea of helping the big three if that would prevent them from going into bankruptcy.
GOVERNMENT HELP TO BIG THREE CAR MAKERS?
Approve 45%
Disapprove 44
Americans would put conditions on any assistance, and even those who support assistance want strict conditions on it. Most believe that if taxpayers do help the auto makers, the government should have a say in how the companies are managed – and should require them to make more alternative-fuel cars.
IN EXCHANGE FOR ASSISTANCE, SHOULD THE GOVERNMENT…
Yes No
Have a say in auto makers’ management? 69% 28
Require more alternative- fuel cars 66% 29
Views that the government should have a say are shared both by those who approve of financial help, and those who oppose it.
Americans blame the car makers’ management for the companies’ problems – much more so than the prevailing economic conditions.
U.S. AUTO MAKERS’ CURRENT PROBLEMS MAINLY CAUSED BY…
Management decisions 56%
Conditions beyond companies’ control 28
Despite divided views on assistance, 55% of Americans believe letting the big three go out of business would be a major hit to the U.S. economy.
IF AUTO MAKERS WENT OUT OF BUSINESS, IMPACT ON U.S. ECONOMY WOULD BE…
Major 55%
Minor 35
Not much/no impact 8
The big three’s current problems could have a negative impact on their sales.
By a three to one margin, Americans say the auto makers’ troubles would make them less likely to buy a car from the companies, not more likely, if it played into their buying decision.
WOULD AUTO MAKERS’ PROBLEMS AFFECT YOUR DECISION TO BUY THEIR CARS?
More likely to buy from them 11%
Less likely to buy from them 31
Make no difference 55
This poll was conducted among a random sample of 1,098 adults nationwide, interviewed by telephone December 4-7, 2008. 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.
CBS NEWS POLL
Helping the Big Three Automakers
December 4-7, 2008
q40 Do you approve or disapprove of the federal government providing money to the big three U.S. auto makers if it would help prevent them from going out of business or declaring bankruptcy?
** TOTAL RESPONDENTS **
*** Party ID ***
Total Rep Dem Ind
% % % %
Approve 45 35 56 38
Disapprove 44 57 33 49
Depends (Vol.) 6 5 6 7
Don’t know/No answer 5 3 5 6
q41 If the government does provide money to the big three auto makers, should the government get a say in how these companies are managed, or should the government not be involved in the companies’ management decisions?
Should get a say 69 63 72 69
Not be involved 28 34 26 26
Don’t know/No answer 3 3 2 5
q42 If the government does provide money to the big three auto makers, should it require these auto makers to build more cars that use alternative fuels or should the government not be involved in deciding what kinds of cars these companies make?
Require new types of cars 66 51 75 66
Not be involved 29 44 22 28
Don’t know/No answer 5 5 3 6
q43 If one or more of the big three auto makers were to go out of business, how much of an impact do you think that would have on the nation’s economy? Do you think it would have a major impact, a minor impact, not much impact, or no impact at all?
Major impact 55 46 62 53
Minor impact 35 41 29 37
Not much impact 6 8 5 7
No impact 2 2 2 1
Don’t know/No answer 2 3 2 2
q44 If you were in the market to buy a new car right now, would the economic problems of General Motors, Ford, or Chrysler affect whether or not you buy a car from them?
IF YES, ASK: Would you be more likely or less likely to buy a car from them?
Yes, more likely 11 9 12 12
Yes, less likely 31 20 38 31
No, no difference 55 68 47 55
Don’t know/No answer 3 3 3 2
q45 Are the problems facing the big three auto companies mostly the result of the companies’ management strategies and decisions, or are they mostly the result of economic conditions outside the companies’ control?
** TOTAL RESPONDENTS **
*** Party ID ***
Total Rep Dem Ind
% % % %
Management decisions 56 61 48 62
Outside companies’ control 28 22 36 22
Both/Neither (Vol.) 11 13 9 11
DK/NA 5 4 7 5
UNWEIGHTED WEIGHTED
Total Respondents 1098
Total Republicans 289 259
Total Democrats 445 465
Total Independents 364 373