Do i think that they should bail out the auto industry?
Yes, just because of the shear volume of workers and the fallout of them not contributing to the economy. Also if they give 600 billion to over a trillion to the financial sector, the auto industry should also get some help. That being said this should be the last time and may the cards fall where they may. Capitalist economy?
A fairly long read about the workings at GM in 1997 one of the last years they were on top of the Fortune 500. Ten years later can you spot the mistakes? This was just before Wagoner took over from Smith and you know the rest.
GM: TIME TO GET IN GEAR TURNING AROUND THE WORLD'S LARGEST COMPANY HAS BECOME A DECADE-LONG PROJECT. WILL GENERAL MOTORS EVER BE GREAT AGAIN? - April 28, 1997
Also after checking out the past 10 years of the Fortune 500, AIG and JP Morgan top 15 and nice profits.