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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]
A Chevrolet Volt owner made Republican presidential hopeful Newt Gingrich look pretty silly by posting a video response to the senator’s comment today that you can’t have a gun rack in a Chevrolet Volt.
It turns out that a little bit of PVC pipe, some string string and American ingenuity make darn good rifle toting material in the back of a Volt, or really any sedan. Before getting to deeply into what goes on in the citizen rebulttle, let’s go over what Gingrich said to stir this stuff up.
“You know the Volt is an interesting experimental car. The average family that buys it earns $170,000 a year. This is Obama’s idea of populism and in this new budget he wants to increase the amount given to every Volt buyer to $10,000.” Gingrich said. “Which is an amount which a lot of people would by a decent second-hand car, but it wouldn’t be an ‘Obama’ car.”
“But here’s my point folks: You can’t put a gun rack in a Volt,” he said to much laughter and applause.
Well, it looks like there’s going to be a lot more laughter, though probably not on the Gingrich campaign trail. Perhaps politicians in general should avoid using absolutes, of only to avoid looking silly after saying words like “can’t” or “never.”
Maybe the world should be thanking Gingrich. His rant spurred someone to build a new Volt accessory that Chevrolet certainly wouldn’t hav e thought to market.
You can watch videos of both Gingrich and the gun rack after the jump.
Maximum Bob would have run as a Republican, under the platform of revitalizing the state’s sagging economy. But once he realized how much money is thrown at such a campaign, he abandoned the idea: he, like GM and the entire state of Michigan, was strapped for cash. Coupled with the endless meetings with advisors and a campaign trail where he’d have to both deal with journalists and kiss babies—and possibly Michael Moore—and he presumably pronounced the entire idea as a “total crock of sh-t.”
Still, it would have been amusing to see Lutz negotiate the idea of GM’s bailout against the same Republicans who rallied against it.
[Source: Automotive News]