Ben Stein: Bail out the Big Three. Stein’s conclusion:
Let’s stop the Depression before it starts. Let’s show some fairness and good faith to our own. Let’s bail out the Big Three, help them slim down, shape up, and keep making great cars and trucks. The Big Three are us and if we cannot help ourselves, who can we help?
Yes, but will bailing them out allow this to happen? Chapter 11 is a much better solution, with the Federal government providing the financing for the new Big Three. (Big Two actually, as Chrysler looks sunk)