October 17st, 2008
FOR IMMEDIATE RELEASE
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Martin A. Kish
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Briefs from Business Lexington's Oct. 17, 2008 issue
Poll: Most Kentucky manufacturers oppose "Bailout"
Despite the uncertainty of credit in a highly competitive global marketplace, many Kentucky manufacturers are against the recently passed Federal so-called "bailout" or "rescue" of the financial and banking system, according to the initial results of a newly conducted poll by the Kentucky Association of Manufacturers (KAM).
Thirty-two, or 60 percent, of 55 manufacturing industry respondents were against the bailout, while 23 were in favor of it.
Most of those against the bailout cited concerns about the lack of accountability in the financial system as well as the role of the federal government. Most of those who favor the bailout commented on the need to stabilize the economy and protect retirement savings.
The poll respondents represented a cross-section of Kentucky manufacturers from around the state and included small, family-owned companies as well as global giants