YouTube - The U.S. Auto Industry and the Ripple Effect

If that is true, then I can say, "I knew it", but I could not explain it effectively or prove it.  Was just discussing this today actually with a collegue who is unsure if ANY bailout should be done simply due the enormity of the balance sheets; however, I told her this might have to be done but will have surely have some severe and very long term residual effects.  Now, affecting our national security; I had not even ventured to think toward that angle.  I was purely thinking simplistically to jobs, families, healthcare, education, sales, and the almighty dollar.  IF, this is true or some portion of it is true; then without the bailout, I foresee one of the worse economic downturns for America, in ways I don't think this country has ever seen since the 1930's and a possibility of no return for some members of our society and less future opportunities for many others. 

That not only is scary, it is tragic and hard to conceptualize. 

However in answer to the author's secondary ?; without it, the companies will restructure through the bankruptcy process; but the same thing may happen due fact with any restructuring, there is a still a severe loss affecting many of the communities involved which leads to a need for more social programs/services assistance and those agencies are already strapped.  Are we ready to bail them out too?  Those agencies?  Those very necessary agencies.  Somewhere along this very complicated line; there will be a need for a bail-out?  Now the questions change... whom? what? when? and how much?  Then the larger looming question, why was this necessary?  Greed!  Sure but what about adding to that accountability and deregulation?  Can all those be combined as to the how? 

More importantly, or equally important, past the "bail out, "what are the restrictions and changes put forth to ensure the bail out works?  Or is this simply a vicious cycle of current and future failures of our self-gratifying consumption based systems.  Kinda like throwing good money after bad.  My late dear ole minimally educated steel worker Uncle had a favorite saying and he was a saving frugal economic genius........ of a man!  "If you make a million dollars and spend a million dollars and a penny, you are still broke!"  He told us that all of his life. I pray I listened to some degree, but maybe he should have been counseling the CEO's; ya think?