The bottom line is that no amount of bailout changes the basic fact - the cars aren't selling.

What good is there to keep building a product nobody's buying? At this rate of build-to-inventory we'll need the entire State of New York or Arizona (random choices!) as the Great American Junk Yard.

There is only one fix for the auto industry - some plan to make the cars more attractive financially (since they aren't making it on looks, quality, performance or resale value) to the customer base, coupled with a federal block-purchase of 33% of the existing inventory for whatever purpose these cars can be used. The first moves inventory over a multi-month time frame, and the second infuses capital into the companies now. To sweeten the pot, all future labor (executive, management & floor) pay increases become tied to the company profits, with a quarter going to raises and the remainder to dividends to the stockholders.

When either executive/management or labor gets greedy, it's like a snake eating itself from the tail end - eventually the snake dies from self-consumption.