The bailout faces a skeptical public. Sixty-one percent oppose providing the auto companies with billions in federal assistance, according to a CNN-Opinion Research Corp. poll released Wednesday. Fifty-three percent said it would not help the economy.
Few saw any quick impact if the U.S. auto industry were to go bankrupt - only one in three said it would affect them immediately or in a year. Most of the rest said they thought it would affect them eventually, though nearly one-quarter said they would never feel its impact.
First of all, it's a loan, not a "bailout." That accounts for the skepticism. If the media told the truth, there wouldn't be. Furthermore, there would be a chain reaction were the auto industry to go under, and the entire economy would plunge into a depression.
People are ill-informed.
1 comment:
The loan is taking form of bailout, and media is misconstruing the pretense and compacting words.
Things aren't always negative. I've gathered some positive information I would like to share about the "Bailout" persay. I've been doing some research, and there's more grants and lower APR's out there now than before. Bailout is for you too!
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