Republicans Suffering For 2008 Bank Bailout Vote - CBS News Though the bailout is an issue in Democratic races, it has become more damaging for Republicans, for whom government spending is more controversial. In March, the issue contributed to veteran Sen. Kay Bailey Hutchison's resounding defeat in the Republican gubernatorial primary in Texas, where Gov. Rick Perry dubbed her "Kay 'Bailout' Hutchison." Opinion polls show a sharp decline in public support for the government's role in stabilizing financial institutions. A survey conducted by the Pew Center for the People and the Press in February showed that only 40 percent of Americans now support the effort, and only 26 percent of Republicans.