I agree that we shouldn't bail out the auto industries. As it's already been said in these posts, too high production costs due to high labor costs, poor engineering, inferior product compared to Toyota and Honda. They have had years to turn their act around and haven't done so.

I still believe though that we had no choice in bailing out the financial industries. Look how bad the economy is now and guess how much worse it would be without the bailout. It does irritate me that ther is little to no controls in place as to how the monies are to be used. Bonuses for the execs shouls be outlawed when we are footing the bill.