The problem is that no one wants what they produce. Its not like they need a loan to fix the trucks that deliver the product to the masses waiting in line to buy it! The only thing the loan is going to do is enable them to make payroll for a while longer and fill the UAW health care fund. Giving them a loan/bailout is not going to make people purchase their cars/trucks. And believe me, I say this knowing full well the consequences, as i live in Michigan. But prolonging the inevitable is a waste of taxpayer money.
We have successful American manufacturing of Automobiles in Tennessee, Mississippi, Alabama and South Carolina.