Everybody seems willing to bail out the automakers if, and only if, they adhere to a long set of rules and changes. I'm not saying any of it is wrong, I'm just saying it's not liable to happen. All the rules that is. The bailout probably will happen. I'm not against it, unemployment would take a massive jump if the auto makers shut down and the economy can't take many more hits.
No one is insisting that wall street makes any changes as they get passed trillions to stay in the business of creating wealth. Market proponents insisted that the market would police itself if the government just got out of the way and let it fly free. Wrong.
Either Wall street will see the error of its ways and make the necessary(self regulatory) corrections or it will burn through the money like a drug addict and then reach out for more more more more. Detroit is in the same mess but at least they create an actual product and employ people that make things. Tires, wires, spark plugs, light bulbs, lens covers, gears, axles, windshield wipers, lug nuts, fabric for the seats and carpets for the floors. Probably mostly imported though. Do they still make engine blocks in Detroit? From American Steel? What about all that sheet metal that's stamped into body parts? Those batteries for the electric cars, Where are those made?
Most likely Congress will bail out the Automakers, most likely none of the fancy and probably necessary changes will be a part of the deal. It's up to the marketing depts. to decide what is going to sell next year, to make the right number of them, and to turn a profit. How long could America survive without a single new car being built? Quite a while is my guess. How long could America survive without building a new car? Not so long I think. The bailout just like wall street, will probably be done wrong but it probably must be done.


Good coffee, good weed, and time on my hands...