Given that Detroit's problems are of our own making as a nation (see previous post), we do bear some responsibilty to help them get back on track. However, without the ability to manufacture vehicles at a cost that permits them to sell at a profit is like throwing money down a hole.
Financial assistance is in order, but Detroit also needs to be rescued from a labor union contract that prevents them from selling vehicles at a profit. The need to be released from government requirements that force them to sell unprofitable vehicles.
Unfortunately, this is what will most likely happen: Pelosi & Reid will give them financial assistance, but instead of permitting Detroit to profit, they will impose stricter efficiency standards. And since the Democrat Party is in the pocket of the Unions, there will be no relief in sight on that front either. President Bush may resist somwhat, but will sign it. Detroit will continue to be unprofitable and we the taxpayers will be in an even deeper hole.