OK, so Nancy Pelosi, Harry Reid ("the dim bulb from Searchlight, NV"), and the rest of the Democrats in power need W. to bail out the auto industry so their friends in the auto workers unions can continue the status quo and the "Big Three" do NOT file bankruptcy. The Democrats can't/won't do it themselves so their hands are clean and can claim the moral high ground when flushing 25MM of Taxpayer's money down the toilet, er I mean giving it to the same idiots who ran the big three into the ground, is proven to be a waste.
Bankruptcy is the answer as it allows management to drag the unions back to the negotiation table to work together to save the industry (or dump the union completely). The Airlines filed, reorganized and they're still flying, why can't it work in Detroit?
Like the housing crisis, Congress is also culpable with their ridiculous CAFE standards they enforce on US car manufacturers that Honda & Toyota aren't subject too. Per the CAFE standards, the Big Three can't count imported vehicles to their mileage efficiency standards, so they have to have the union workers make the cheap cars with better mileage as well as the much more profitable SUV's and trucks.
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