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Pointing the Finger at Big Business

The Obama administration's rejection of turnaround plans from General Motors and Chrysler comes amid widespread public antipathy toward the country's large corporations for their role in the economic slowdown.

In a new Washington Post-ABC News poll, 80 percent of Americans say large business corporations deserve "a great deal" or a "good amount" of blame for poor management decisions that had a negative effect on the economy. And nearly as many, 68 percent, are angry about the part these big businesses have played in the economic situation.

Negative attitudes toward the country's top automakers has been particularly prevalent. In a December Post-ABC poll, three-quarters of Americans attributed the industry's woes to bad management decisions, only about one in five to the economic downturn. And a month ago, nearly seven in 10 opposed additional government loans to Detroit, including a little more than half who were "strongly opposed."

In the new poll, there's a rare trifecta on placing blame with corporations: 80 percent of Democrats, Republicans and independents alike point the finger at big business. However, Democrats are more apt to place a lot of blame there (64 percent) compared with Republicans (56 percent) and independents (51 percent). Anger too is high across the board, at 73 percent among Democrats, 68 among independents and 64 among Republicans.

Big Business, Big Blame

Q. How much blame do you think large business corporations, for poor management decisions, deserve for the country's economic situation?
NET BLAME 80%

[Chart]

Q. Would you describe yourself as angry or not angry about the role large business corporations have played in the economic situation?

[Chart]

By Jon Cohen  |  March 30, 2009; 12:00 PM ET
Categories:  Post Polls  
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Comments

I don't know too much about the auto industries being part of the economic downfall. But I can tell you this. AIG should be the ones who need to be 100% accountable for putting our nation into this economic mess in the first place.

Posted by: AlexanderCuellar | March 30, 2009 1:25 PM | Report abuse

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