To: Ford, GM, Chrysler
From: America

In times of great economic hardships, lets give billions of dollars away. What you say? We are only "loaning" money away. False. Wrong.

The US government is making a great investment. The best way to fully understand their thinking is to travel back in time a few years. With gas prices rising at an expedited rate, these companies made trucks, SUVS, and shitty cars. Meanwhile, the foreign auto makers, made legitimate cars. Lets compare the Ford Taurus with the Volkswagen Jetta. First criteria, looks. The Taurus looks like shit. The Jetta isn't too sporty, but sporty enough. Second criteria, performance. Jetta has performance options ie standard transmission, turbocharge, and better gas mileage to go with it. With the Taurus you get mediocre mileage with terrible performance. In Price, the Taurus definitely costs less, but has lower resale value. But really, if someone is looking for a cheaper ride, they may look to better used cars, or buy from KIA or some other auto maker that makes cars with similar performance for cheaper.

Basicly, to make money, a company must focus on cost advantage or performance advantage. The US auto industry has failed at both of these. They failed already, whose to say that they won't fail again. The only difference now is that they are farther behind then before. The US which is suppose to be very free market, is going against all sane economic theories. Think about it.
Here is a simple quiz to make my point.

Quiz:Lexus, BMW, Mercedes, Acura, Ford, Chrysler.
Hint: Two don't belong.
Answer: No bail out with tax payer money. If they need a loan, they can go through private investors. They should have no problem getting investors if their numbers are agreeable. If private investors won't loan them money, do you think we should?

AHHHH NO