I do not believe the gall of the Congress to refuse a bailout for the auto industry because of mismanagement. Do they assume the $10 trillion national debt is not do to their mismanagement?
Maybe the auto companies didn't contribute to their campaign like the fat cats on Wall Street. If Congress lets AGI hire for $500 million, the same management that was paid millions of dollars to ruin their companies, then I do not believe they are serious about the financial problem. Letting Congress manage our money is like letting a fox into the hen house.