I have been reading about how GM was turned down by the Feds for a loan to buy Chrysler. Without a bailout, Chrysler will go down first, resulting in thousands of lost jobs.

Instead of lending $10b to GM, Bushco is now more focused on speeding up the process of the $25b loan program for fuel efficient vehicles.

I think the bailouts will come but it might be after Chrysler goes under. I predict next spring after Obama takes over things. He has said he supports providing aid to the auto guys.