Poll: Majority of Americans now support auto bailout

The latest national survey by the Pew Research Center for the People & the Press, conducted Feb. 8-12 among 1,501 adults, finds that 56% say the loans the government made to GM and Chrysler were mostly good for the economy, while 38% say the loans to the automakers were mostly bad for the economy.

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Opinion about the auto loans has reversed since October 2009. At that time, just 37% said the loans were mostly good for the economy while 54% expressed negative views. Republicans remain more skeptical than Democrats about the GM and Chrysler loans, but Republican support for the loans has nearly doubled since 2009 – from 23% then to 44% today.

A majority of Americans (55%) say that the auto industry has a positive effect on the way things are going in the country; just 29% say it is having a negative effect.

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