The word of the day is Greed:
From the CEOs who continue to take monster salaries ($14m for Rick Wagner?!?) while their companies and their employee's livelihoods disappear
From the companies that couldn't keep their eyes on their jobs (building vehicles we want) and instead bought other companies (or paid $2b to not buy Fiat in GMs case) or found other ways to not plan for the future
From the unions who demanded unsustainable wages and benefits (jobs bank, anyone?)
From the investors, who only looked at the current profits, not the long term possibilties
From regular Americans, who bought what they couldn't afford with money they didn't have
My take is that no matter what happens, bailout or no, these jobs are already gone. The three major US manufactures no longer hold the market share they used to, and that share is not coming back. If consumers are buying fewer of your widgets, you need fewer folks around to build them. It's a sad truth, but unavoidable. Doc's right, this is going to hurt a lot.
You're not the only dinosaur, Doc. I'm still a young'un (ish) at 35, but I was raised to take responsibility for my actions -- can't take the Yankee work ethic out of me even with a move west. I have a hard time with sending my money, since that's what government money is, to folks who profited when times were good without thoughts for their future solvency.
The time for the strong medicine is now, whether we like it or not.