Monday, April 27, 2009
Poll: Americans favor automaker bankruptcy
Gordon Trowbridge / The Detroit News
Washington -- Americans see automaker bankruptcies as a good thing for the industry by a 2-to-1 margin, according to a new poll released today.
The survey from the Washington Post and ABC News also highlights the political difficulties for the Obama administration in supporting General Motors Corp. and Chrysler LLC: Fifty-three percent of those surveyed disapproved of President Barack Obama's performance on the auto issue, the lone topic of 13 tested in the poll for which Obama received negative ratings by more than half of voters.
Asked about the impact of bankruptcy by one or more of the Detroit carmakers, 43 percent said such a filing would be good for the auto industry, to just 21 percent who said that would be a bad thing. Thirty percent said bankruptcies would be good for the overall U.S. economy, while 27 percent considered it a bad thing; 38 percent said it wouldn't make much difference.
The automakers and their allies in Washington have said bankruptcy would be damaging in part because consumers would be less likely to buy from a company in a bankruptcy proceeding. But just 25 percent of those polled in the Post-ABC survey said they would be less likely to buy a car from a bankrupt carmaker. Sixty-five percent said bankruptcy would make no difference, and surprisingly, 10 percent said they would actually be more likely to buy a car from a company in bankruptcy.
The Washington Post-ABC News survey of 1,072 adults was conducted April 21-24, and has a margin of error of plus or minus 3 percentage points.
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