GM recently entered 2010 feeling that its darkest and most embarrassing year is behind. However, many Americans find the case to be otherwise, as a recent poll conducted by Rasmussen Reports claims that 45 percent of the country believes that GM will turn to Uncle Sam for additional loans in the near future, while an additional 26 percent is unsure of the situation. Only 29 percent believe GM is turning around and will become profitable once again, never looking back to bankruptcy or government loans.
Despite the grim opinion, the results are still an uptick from when Rasmussen surveyed America last September, asking the same question. The results pointed to a woeful 57 percent of participating Americans who felt GM was going to need more taxpayer money. At the moment, the majority of opinions have been proven wrong.
The GM Authority Take:
America has the right to be ignorant skeptical. Yes, GM really did a number on its corporate reputation when it crawled to Congress and reasoned with hypocritical politicians for why it needed the money. It was undoubtedly a bad time and made even the hardest GM fan uncomfortable. But as the months go by, so will most of the negative opinions. GM has been going strong with its new product line, which will only be fortified in the coming months. Along with the billions of debt erased thanks to bankruptcy, pension costs fading out and fewer employee headcount: GM can only go up.