I know it Pete
like GM, the banks, etc., bail out after bail out.
It's all going to culminate to a few large companies partially being state owned, like Fiat SPA is in Italy. Has been for decades.
Most manufacturing will be done in China, Mexico, and developing nations.
The Chinese high speed rail trains are identical to Siemens German ICE III's.
This is globalization.
The US and Canada had fair trade with the auto pact, until NAFTA said it was antiquated. One came here, one went there. A completed car, or parts.
Meanwhile, the tax payers foot the bill for companies too big too fail.
Lockheed was the first, in 1976. It's L1011 Tristar jet liner ran way over budget, but Washington decided they had to be saved to save 2,200 jobs.
Of course jobs should be saved, but the tristar L1011 did not sell well, and Lockheed had to merge with Martin Marietta anyway.
If GM had not over outsourced, and displaced over 35% of it's own customers, it would have not gone bankrupt either.