We need to bail out the automakers, as well as the other businesses. If we don't, we won't have an economy left. What needs to be done is to make the businesses accountable, put caps on executive salaries and bonuses and make sure they treat their employees fairly.
If the automakers go under, millions of jobs would be lost. Not only the jobs at the auto plants, but the jobs at all the places that make the parts to be made into cars. Plus, everyone needs a car, if the US has no automakers, then every time an American would buy a car, the money will go overseas, and out of the US.
US companies have been extremely greedy with executive salaries, bonuses, perks and with stupid management. We need our companies, but not the idiots who got us into this mess.