Bailing out the car industry seems like a crazy idea to me. The market is clearly sending signals saying that the car industry as it is configured now is not effective. We should go ahead and let these car companies fail if they can't make it.
"Automakers already want an additional $50 billion in loans from Congress to help them survive tough economic conditions and pay for health care obligations for retirees."
That's on top of the $25 Billion that has already been given to them. $75 Billion total!
How many car startups could we have for that much money? Imagine it was $100M for each one, you could fund 750 companies that would surely be more effective than the ones we have now!!!