If Republicans are stupid enough to actually back this so-called bailout for the auto industry, they are gonna get the same thing that happened to McCain when he backed that $700 billion bailout, which is a a big loss in the 2010 elections.
It simply doesn't make any sense to waste even more tax payer money on fundamentally screwed up firms. Let them be allowed to fail. Those crippling union contracts can be dumped, and out of the ashes will rise better stronger US auto companies.
Japanese companies like Toyota and Honda have no problem making great cars in this country and making a nice profit to boot, mostly in the south, out of the clutches of the rancid unions.
Let them fail, or at least negotiate all the salaries down. In any deal there is give and take. GM just wants the TAKE. If they won't cut wages from the top to the bottom and away with bonuses, then to hell with them.
If I were an auto worker for GM or any company and they said they were going out of business, I would volunteer to tell them to cut workers wages, perhaps cut wages for a % of profit, that way workers have a vested interest in how the company is ran, they will work harder and better to produce a good product. I know it is too simple for those Dem. Union members to think like this.
We are all in this thing together, (Not by our choice, we were injected into it), yet the union just does not want to give one dime, well when no one can afford their DIME and purchase the junk they produce, let them fail. Remember Obamas plan, trickle up Poverty, seems it's going to work out real well for them.