So its pretty much a lock. GM, Ford and Chrysler are most likely getting a bailout. You can argue against the idea citing that its just throwing good money after bad, but its going to happen.

I really enjoyed Michael Moore’s interview with Larry King from a few days back. In it, he shared his thoughts on the impending bailout. His argument is pretty much in line with my sentiments: the auto workers are not the ones at fault. They do not deserve to lose their jobs just because the leadership of those companies refused to acknowledge what their customers wanted and destroyed their respective companies from within over the course of many many years. Indeed, the Big Three’s problems did not start in 2008. They have simply slipped to the end of their rope by the current economic and national crisis.

Moore’s suggestion that the bailout come with strict consequences and rules, is golden. When the money gets transferred to the Big Three, they need to come up with a strategic plan to reorganize the managment team and engineer products that are going to have a real demand in the coming years, such as mass transit and transportation that does not depend materially on fossil fuels.

The line for handouts is likely to not end with the Banks and the Auto companies. It will continue to the point where the Federal Goverment will have material investments in nearly every sector and industry. This appears to be an intense test of Capitalism as an economic philosophy. If it were to fail, this environment would be a viable catalyst. Moore might be right, just as he said at the end of the interview, “this is the end of Capitalism… good riddance”.