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48% say failure of GM best for the economy

Staff Report • Nov 25, 2008 at 12:00 AM

Nearly half of U.S. voters (48%) say it is better for the economy to let companies like General Motors fail rather than providing government subsidies to keep them in business.

Thirty-five percent (35%) believe it's better to subsidize their continued existence, according to a new Rasmussen Reports national telephone survey. Seventeen percent (17%) are undecided. Sixty-four percent (64%) of Republicans and 60% of unaffiliated voters say it's better to let troubled companies like GM fail, compared to 26% of Democrats. Fifty percent (50%) of Democrats think it's better to subsidize them, but just one-quarter of GOP and unaffiliated voters agree. Fifty-three percent (53%) of investors say it is better to let companies like GM fail, compared to 38% of non-investors. In a survey last week, 46% of Americans opposed a government bailout for the Big Three automakers. Just 28% say the best course for the U.S. economy is for Congress now to pass a new economic stimulus plan that includes money for the financially stumbling Big Three automakers. The House and Senate came back into session this week to consider such a plan, but additional aid for the automakers appears unlikely. CLICK HERE for the full report.

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