About the Author

Richard Cochrane is trained in chemistry and metallurgy but is far more interested and practiced as a political and fund raising consultant, writer and amateur historian. He grew up in a Navy family and with his two younger brothers carried on its 500+ year tradition of naval service to Great Britain and the USA then enjoyed a career with one of the largest advertising and public relations agencies working with numerous Fortune 500 companies and many of America's premier educational institutions. He maintains friendships and acquaintanceships around the world. He lives in Santa Barbara, California.

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Little More Than A Third Want BIG 3 Bailout.

November 20th, 2008 • Richard Cochrane
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Why not convert auto factories to recording studios? 48% Say Let Car Companies Fail - That Was Before Corporate Jet Joke.

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. Last week that number was 46%, and the poll was taken before revelations of the corporate jet fleet hauling GM, Ford and Chrysler’s CEO banck and forth to their Washington DC beg-a-thon.


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.

12% of voters, about one of eight, say their personal finances will be significantly hurt if General Motors files for bankruptcy protection. Seventy-three percent (73%) say their finances will not be impacted, while 15% aren’t sure.

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