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While the big three U.S. automakers may come away from Congress with a bailout, polls indicate that debate over such loans is focusing public scorn on the companies and their management.
In a CBS News poll conducted at the end of last week and the beginning of this week, 55 percent of respondents said it would have a “major impact” on the nation’s economy if one or more of the Detroit automakers went under. Even so, significantly fewer–45 percent–said they’d support federal loans to the companies “if it would help prevent them from going out of business or declaring bankruptcy.”
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