On principal I would be against the bail out of the US auto industry too, except about a quarter of american jobs are directly related to the industry.
The papermill located in my area employed about a fifth of the area people and I saw what happened when that closed. Yeah, it is getting ok now and the papermill is just a memory, but it took 10 years. I can not imagine if 25 % of the american people were suddenly out of a job.
As for the airlines, we had 3 go out of business on one day. No advance notice. People were stranded everywhere. I had friends stranded in Hawaii after a cruise. Took them almost 2 weeks to get home.
and i think this is the problem that really needs to be debated.
compassion for the now, or compassion for the future. if you beleive that now is more important than what the effects may cause in the future, then by all means, give them our tax money. however, if you beleive that a minor hardship will make them even better in the future, then no, they shouldnt get our tax money.
also, our international auto industry here in the south isnt as rosy as some people may try to say. they're having to cut back production, and reduce job hours. i havent read about layoff at the factories, yet.
but really, it comes down to marketing, if the "big 3" were forced into a restructuring bankruptcy, they just need to get their marketing teams to spin it in a way that tells people "we're not going to die cause of this". and it would help people learn that bankruptcy does not always equate to "out of business".
and yes, i'm well aware people will lose jobs. and most likely people are going to lose jobs anyways even if they get our tax money. call me a naive optimist when i beleive that if people want to work, they will find a job, and they just might find something they enjoy more.