Look, if we're just going to give the Big 3 the money, then just fucking do it, OK? We are wasting more time, more money, more energy discussing this incredibly stupid idea then we would have if we just stopped, took out the cash, and just left it on GM's doorstep in a paper bag.
The bailout won't do any good. It will take more than $25B to completely overhaul our auto industry. And that's what is needed. Look at plants in Japan, Korea, China - they all have current robotic technology. And guess what? Their workers make more than ours, markets adjusted.
Its not about, and has never been about greedy union workers. They took a knife in the back in the 80's during Reagan and never recovered. The UAW has been making concession after concession since then. They don't make $80 an hour, even the ones who got in before the 2-grade system. Today, you can expect something like $14-$20 an hour - and that's not exactly a living wage is it?
So honestly, I say we kiss off the money - just say bye bye - its not coming back, and neither are the big 3. Sure, maybe some genius will take the $25B, use it as collateral for a loan, get the right amount of money and then modernize our auto industry. Then take the remaining American cars and melt them down and make new cars. Make all those fucking space age dream cars that run on french fry oil. Outdo the Japanese Big 3, and make cars that EVERYONE wants. Cars that do 0-60 in 2 seconds at 100 mpg.
Should we give them more money? What - so they can come out with the new American dream car, a modified school bus that gets .24 MPG? But - - but it has a machine gun mounted on top!!!!
But don't expect a band aid to save the world.