The U.S. Government should not be in the business of bailing out auto industries. This is not cost effective and also gives those corporations free range to do whatever they want. They can make whatever profits they can with no fear of failure as they can just get a bail out if there idea doesn't work.
US auto companies are failing. There is more competition overseas than government loans can bailout. It is a hard time for US auto workers, but funding US companies will not lead to true competition. US auto companies need to come up with fresh new innovative products that can compete with the current world market.