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Bail- out fever? How far can/should we go?

Who thinks GM/Ford/Chrysler should get cheap Gov't loans? Wouldn't that just add more logs to the cash- burn pile? I've heard total jobs tied to the auto makers + periphery could be north of 2,000,000. Yikes.

Are we hoping that time will somehow fix these horribly- run companies mired in stifling union tentacles & far- reaching supplier contracts? Are we hoping that when demand & confidence return, Americans suddenly start flocking to American autos? How about government loans or tax incentives to purchase, (often less- fuel- efficient) American autos? Boy that would be ironic.

In addition to cutting production, GM announced the halting of Product development spending. Holy shit. GM stock hit a 62- year low today... though, GM was making record lows BEFORE the "Credit crisis" buried them.