I really don't see why failing, corrupt, poorly managed corporations deserve ANY money from the government. If the American auto industry isn't competitive anymore then they either need to restructure, retool, or fail. It happens to small business every day, no one is bailing out these owners or even larger companies that are just unable to cope with these tough economic times.
I foresee bad things in the future if this bailout goes through. We're fast approaching a state-sponsored economy and losing the free-market model we've had for so long. If this keeps up the government will have a managing stake in our banks, mortgages and automobiles. Of course maybe this will set a precedent and we can all apply for personal bailouts the next time we screw our finances up. Only time will tell.
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