Strangely enough, I actually agree with Red Stater in that I do not support the auto bailout either.
Although I think his thoughts on the government owning the auto industry and his perspective on an anti-utopian automotive world, I do not think that by bailing out the auto industry, prices on cars will go down or that they will force themselves into producing cheaper, more fuel-efficient cars.
Also, while I disagree with his anti-union position, I don't like the idea of the taxpayer's money being spent to bail out these anti-worker mega-corporations.
I was watching C-Span earlier and they were airing the Senate hearings with the top 3 auto makers.
Not once in their speeches did I hear anything that supported a position that if they were bailed out of the financial situation, they would create more jobs. I did hear, however, talk of more downsizing.
What I think is, if they get this money, they will take it pocket it, close down more factories here in the states, build cheaper factories in third world countries, hire cheap sweat shop style labor in those foreign countries and figure out some way to make a profit that way just so their stock will go up a half a point or so.
So on one thing, Red and I agree. Say no to the bailout. Let me figure their business problems out themselves.