It may not be all that bad. Without the bailout the little 3 may actually be forced to make the changes necessary to be competitive. The Pubs were actually crafting a pretty good bill, but the UAW didn't want to drop their members compensation to the same level as the non-UAW manufacturers.
Hopefully the mgmt of the little 3 will see the writing on the wall and file for bankruptcy before the new congress is in session.
My view:
A pox on both their houses!
A)The UAW should have been evolving into a more modern union over the past 30 years.
B) The execs should have been planning for the future for the same period of time, at the very least they should have explored private equity markets before taking off in their private planes for DC.