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12 December 2008

Chambliss & Isakson Vote Against Auto Bailout

U.S. automakers looking to keep their doors open will have to wait a little longer for a bailout from the federal government. Thursday evening, the U.S. Senate effectively killed the $14 billion bailout package when a procedural vote to limit debate on the legislation failed by eight votes.

Georgia's two Senators, Saxby Chambliss and Johnny Isakson, both voted against the cloture motion [Source: Senate Vote #215]. And if a pair of public opinion polls are any guide, Isakson and Chambliss might have made the right choice.

The Associated Press reports that two polls released Thursday by the Pew Research Center and Marist College show the American public still opposed to a bailout of the auto industry with federal dollars.

Just 39 percent said it would be right to spend billions in loans to keep GM, Ford and Chrysler in business, according to a poll by the nonpartisan Pew Research Center. Just 45 percent of Democrats and 31 percent of Republicans supported the idea.

In a separate Marist College poll, 48 percent said they oppose federal loans for the struggling automakers while 41 percent approved.
[Source: Associated Press, "$14B auto bailout dies in Senate", December 12, 2008]