Pouring 34 billion into the auto executives gas tanks is like giving: George Bush four more years; Clara Harris a couple of more rounds in her Mercedes; and another shopping spree for Sarah Palin.
Bailout/rescue money ain't going to work with the same auto executives at the wheel. Them three talk real smart and shift gears in mid-sentence, changing lanes and subjects without tail light or hand signals, distributing phrases about consumer needs, profitability, health care, hourly wage, apples, oranges, lemons - forget the lemons - and what's the nation having for lunch that includes the three main food groups and handled precipitously.
Can any one of the top three at Ford, Chrysler or General Motors change a flat tire? Could they locate the jack, figure out how it works, raise the car, remove the nuts, replace the tire, tighten all the nuts, and lower the car? They don't have to match the speed and precision of an Indianapolis 500 team, but can any one of the three fix a flat tire? No can do? No bailout.
Replace each executive with Al the mechanic. Al can fix a flat tire. Using a wrench, Al can repair a car after listening to the sound of the engine. He could attach tires to a sewing machine and head for the freeway. More importantly, Al knows that the world is running out of oil and the only survival for the automobile is to design a car that runs on anything but oil. It's getting dry out there. "Drill, baby, drill" is an unrealistic joke and not a solution.
Brazil decided to become energy independent in 1990 and today doesn't import any foreign oil. Maybe if General Motors (same people asking for a bailout/rescue) hadn't killed the EV1 electric car in 1990, the United States could also have become energy independent. If Brazil did it, so could the nation that went to the moon and back.
Instead, General Motors killed the electric car and the United States got the Hummer and the oil war in Iraq.
Now, ain't that an Alaska size speed bump!