An interesting and appropriate Op-Ed in the CS Monitor: Why a Big Three rescue is so hard: Congress can't be CEO to the industry's revival or to picking other market winners.
Quote
The basic question is whether politicians on Capitol Hill are the best ones to nurse the industry to health or should they leave the task to some sort of bankruptcy process, either a Chapter 11 proceeding or a novel type of prebankruptcy proceeding with a "restructuring trustee" who has the powers to butt heads and make difficult decisions.

The choices are indeed a Gordian knot. Either bankruptcy or a trustee-run redirection would result in massive job losses and make car buyers wary of the Big Three's products. The United Auto Workers might need to accept workplace arrangements like those in foreign-run auto plants, with wages, benefits, and rules more competitive in a global market.

Congress, however, which has been beholden in the past to union and Big Three pressures, might be too timid to demand radical reform. Similar difficult decisions will be necessary if Congress tries to boost "clean energy" or other job-creating businesses such as biotechnology.

A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich