According to a new poll released earlier today, nearly two-thirds of Americans are against low-interest federal loans being granted to Detroit’s Big Three automakers. Chrysler LLC, Ford Motor Company and General Motors are seeking between $25 and $34 billion in low-interest bridge loans that they say will prevent them from going under.
A CNN/Opinion Research Corporation poll conducted over the phone Monday and Tuesday to 1,100 people showed that 61 percent opposed government assistance to the three automakers.
Seventy percent of those surveyed said that they thought the loans were unfair to taxpayers, but 43 percent said that one of the automakers falling into bankruptcy would have an effect on them over time.
Georgetown University professor of finance Sandeep Dahiya told CNN that the poll results were “quite surprising.” and that the result “tells you much about how what is good for GM is not good for America.”
