According to a very recent Rasmussen Poll, 67% of Americans oppose the bailout of GM, only 21% support it. The bailout formulated by the Obama Administration is basically a structured bankruptcy with the US Government becoming the major shareholders in a new GM entity.
When pushed with the failure option, 56% would still prefer to allow GM to go out of business than bail them out. 32% support bailing them out in this instance.
As one would expect, only 18% believe that the US Government would do a good job of running GM. To make future marketing even harder, only 12% would prefer a car from a bailout (Chrysler or GM) company.
The Tea Parties, brought on by Barack’s bailouts, were regarded favorably by 51% of those polled.