Public Takes Dim View of GM, Federal Bailout

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It’s often said that Americans root for the underdog. However, this may not apply to underdogs that used to be among the economy’s big dogs. A flurry of consumer polling since General Motors announced its bankruptcy on June 1 finds the public taking a dim view of the company and the federal bailout of the firm.

At the same time, the mass shutdown of GM and Chrysler dealerships means, as one auto-industry analyst puts it, that sizable numbers of consumers are now “untethered” from local loyalties that sometimes extend back for multiple generations, meaning there’s even more flux in Americans’ automotive attitudes than one would gather from simply focusing on the turmoil in Detroit.

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