All I hear on the radio coverage of last night’s bailout vote is how much this is a political risk for Republicans, and how they will be taking the blame if the Big Three go bankrupt.
On XM’s Press Pool: “Are they taking some major risks that could mean the end of American automakers?” The host is asking whether or not the Corker plan was “an excuse.”
The guest, Politico’s Manu Raju, says there is a “huge political risk.”
At the very end of the AP article on the bailout vote:
A pair of polls released Thursday indicated that the public is dubious about the rescue plan.
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.
The public doesn’t want the bailout. Yet somehow Senate Republicans are taking a risk by reflecting the larger share of public opinion?