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69% in Michigan Say Government Should Sell Shares in GM, Chrysler ASAP
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Most adults in Michigan (69%) say the government should sell its shares in General Motors and Chrysler as soon as possible.

A new Rasmussen Reports telephone survey in the state finds that only 13% think the government should hold on to the companies, both based in Michigan, for a long time.

Those numbers are generally similar to those found on the national level, where 80% say the government should sell the shares as soon as possible.

The majority of Republicans, Democrats and unaffiliated voters living in the state agree that the government should sell its shares immediately.

Fifty-one percent (51%) of Michigan adults favor a proposal that would require the government to sell its shares in the companies within one year. More than one in four (28%), however, oppose such a proposal.

When it comes to the financial system, 63% in Michigan say the government should sell its shares in banks as soon as possible, while 28% say they should hold on to them for a long time.

Given a choice between selling the shares to a private investor or giving the stock to the American people, 42% in Michigan say the government should give its shares of stock in the auto and financial companies directly to the American people. Thirty-three percent (33%) disagree and another 25% are undecided.

More than half (51%) of Michigan adults also think the government would do a worse job running a business than private investors would. That’s nearly identical to results found nationwide.

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Sixty-five percent (65%) in Michigan say the GM and Chrysler bankruptcies will have a negative impact on their lives, while only 22% say they will have no impact.

Adults in Michigan hold a very negative perception of the state’s current economy, with 82% who rate it as poor and only 1% who rate it as good or excellent. Seventy percent (70%) say economic conditions in the state are getting worse, while only 7% say they are getting better.

More than one in four in Michigan (28%) say crime in their community as increased in the past year, and of those 78% say it is very likely the increase in crime is related to the poor economy.

Nearly a quarter (23%) of those who say crime has increased says this has caused them to purchase a firearm, though 68% say they have not done so. A third (33%) says owning a gun would increase their personal safety, while 20% says it would have the opposite effect. The plurality (41%) says owning a gun would have no impact on their safety.

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Rasmussen Reports is an electronic publishing firm specializing in the collection, publication, and distribution of public opinion polling information.

The Rasmussen Reports Election Edge™ Premium Service offers the most comprehensive public opinion coverage available anywhere.

Scott Rasmussen, president of Rasmussen Reports, has been an independent pollster for more than a decade.

Survey of 500 Adults
June 16, 2009

Should the government retain ownership of the auto companies for a long time or should the government sell them to private investors as soon as possible?

Gov't Retain Ownership

13%

Gov't Sell to Investors

69%

Not sure

18%

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