if you're paying federal taxes, tehn you have a vested financial interest in GM's success. Whether or not you agree with the government (i don't) is irrelevant - your money has already been spent.
wishing for their failure will only ensure that your money is truly wasted. If GM succeeds, the government might actually be repaid, and we, as tax payers SHOULD get something back, or some kind of break. I'd settle for breaking even...
Furthermore, Ford needed GM to be bailed out. Let's say Ford buys 100,000 brake calipers a month from company X, based in China or Japan or Germany. Without GM buying another 200,000 of those same brake calipers, the cost to ship them increases dramatically. It's not a perfect illustration, but the fact is that Ford needs GM's buying power to keep the cost of PARTS low enough that they can remain in business.
...and Ford isn't doing that much better than GM. Public perception is better, but Ford just borrowed a bunch of money from their creditors instead of from the government. The only thing ford has going for it is that they saw the problem on the horizon, and asked for a private 'bail out' sooner than GM.