The perception of the current administration is as you might expect: they are arrogant, incompetent fascist bastards from the religious right. Feelings vascillate between fear that these yahoos are running the show, to shame that they represent us, to outrage at what they've chosen to do, to astonishment that people like this exist (and fool people)!

More broadly I think that there is widespread understanding that there are multiple factions on the right wing. Feelings about people who are right-wing economically (like Milton Friedman) differ from feelings about the religious right (eg Ashcroft) differ from feelings about the neo-conservatives who've hijacked this administration (like Rumsfeld). But none of those feelings are very positive.

Cheers,
Ben