Most think bailouts were bad for U.S.

Jan. 19, 2011 at 4:57 PM   |   0 comments

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PRINCETON, N.J., Jan. 19 (UPI) -- More than half of likely U.S. voters said they think, in hindsight, bailouts were bad for the country, a Rasmussen Reports survey released Wednesday indicated.

After having time to reflect, 53 percent of likely voters said they thought bailouts of banks, automakers and insurance companies were bad for the United States, the Rasmussen survey indicated. Thirty-one percent of likely voters said they thought the bailouts were good for the country and 16 percent said they weren't sure.

Voters under the age of 50 were more critical of the bailouts than those older than 50, Rasmussen said. Fifty-one percent of African-Americans said they thought the bailouts were good for the country, while 52 percent of whites and 78 percent of those of other races said they felt otherwise.

Forty-seven percent of Democrats said they thought the bailouts were beneficial, while 70 percent of Republicans and 55 percent of unaffiliated voters say they were bad for the country.

Results are based on a nationwide survey of 1,000 likely U.S. voters conducted Monday and Tuesday. The margin of error is 3 percentage points.

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