Auto News

AutoGuide News Blog


The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Feb 23 2012, 4:32 PM

Election season is upon us and that means one thing, more mudslinging than a figure-eight demolition derby.

The auto industry bailout will certainly near the top of the many contentious issues Republican candidates vying for their party nomination will latch into. That desperate move by the government between 2008 and 2009 is still sparking hot debates and dividing opinion, though overall sentiment is still negative according to a new Gallup poll.

It found that 51 percent of those surveyed still disapprove of the $85 billion rescue effort, with only 44 percent saying they approve of the decision.

As might be expected, that division grows when examined between political parties. Republicans showed 73 percent opposition to the bailout while 63 percent of Democrats supported it.

Sentiments are, however, improving over the general opinion displayed in 2009 when the branding iron was still hot and tax dollars spent on saving big business felt closer and more real.

Three years later, the U.S. treasury could still lose money on the bailout if GM stocks fail to recover, but it seems that some of the public who were quick to cry out have forgotten or become complacent.

Still, the issue around supporting Chrysler and GM is one that the Republicans are likely to leverage against Obama during this year’s race when the number might slide back toward more negative territory.

How do you feel about the bailout? Tell us in the comments section or find us on Twitter.

[Source: The Detroit Bureau]