One comment bothers me. We all know that it wasn't really a bailout of Chrysler and GM. It was a bailout of the UAW and its "Cadillac" health care plan! Without those taxpayers' dollars, they were done.
Which brings up another point. The unions were up in arms about the tax on Cadillac plans, before Obama exempted them. You would think some curious journalist would think to ask, "Why does the UAW still have a Cadillac health care plan? They are broke! The taxpayers are paying for those plans and the taxpayers don't have as good insurance as the UAW workers and retirees!
There you go being all logical. If they had allowed both companies to go into chapter 11 then they could have renegotiated both insurance and salaries. Now we are stuck footing the bill of their gravy train.