It sounds ridiculous to say that Americans are losing faith in Detroit. Most Americans, after all, would argue that their faith in Detroit disappeared a long time ago.
But according to a Rasmussen Reports national telephone survey, Americans really are losing faith in the American auto industry. The report, released last week, said that “64% of U.S. voters are opposed to providing any additional taxpayer-backed loans” for General Motors and Chrysler.
Here’s what’s interesting about that: In December, a similar survey showed that just 40% of Americans thought it was better to let the auto companies fail.
It’s not surprising that the tide is turning against GM and Chrysler. Even those of us who have argued on behalf of Detroit are starting to wonder. Sure, we recognize the staggering ripple effects of an auto industry collapse. But now - as Detroit puts its hand out again just three months after its first request - Americans are growing leery. Fifty-seven percent of those polled by Rasmussen believe that GM and Chrysler will go out of business in the next few years, anyway.
What do you think? Are GM and Chrysler destined for scrap heap, no matter what we do? Or should we reach for our wallets again?