A better plan than the Auto industry bailout
If the U.S. is concerned about the hundreds of thousands of jobs that will be lost if the Detroit Big Three go down with a whimper, then here's what they should do:
Divide up the 25billion+ bailout money to all the employees of these miserable companies, so they have a windfall they can rely on while seeking better employment.
I bet the money actually lasts longer that way. These people don't need jobs with those deadend companies. What would be more valuable would be to give them some time and opportunity to seek careers with more responsible and viable employers. Meanwhile it would inject some cash directly where it's more needed and ultimately more sustainable.
The current economic downturn was just the nail in the coffin on this one, these three companies have been mismanaged since the 80's, acting as if american cars were some sort of automatic tax on western culture. I just cannot believe that they'd change their corporate culture by tossing them another pile of money.
Let them sink. These aren't like the banks at all, it's inevitable. Let newer companies do the innovating.
I'm not a Libertarian. This isn't an argument in defence of pre-defined principles. It's just about my sense of smell and this one stinks.

