For the first time, opposition to auto bailouts falls below 50%

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For the first time, most Americans don’t think last year’s government bailout of General Motors and Chrysler was a bad move.

A new Rasmussen Reports national telephone survey finds that just 46% of Adults say that it was bad idea for the federal government to provide bailout funding for GM and Chrysler. Thirty-eight percent (38%) say the bailouts were  a good idea, but 16% remain undecided.

As recently as July, 56% viewed the bailouts as a bad idea.

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But General Motors has been posting more positive news in recent months and last week announced a $15.8-billion public stock offering. According to the Los Angeles Times, the government received $11.8 billion in that stock offering and reduced its ownership stake in GM from 61% to 36%.

However, the price of General Motors stock will have to rise significantly for taxpayers to recoup the $50 billion in direct bailout funds given to GM. Since its initial offering, GM stock has fallen slightly.

http://www.rasmussenreports.com/public_content/business/auto_industry/november_2010/opposition_to_auto_bailouts_is_now_below_50

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Given a long enough timeline Americans think everything was a good idea. Now, back to watching Idol!