Let GM and the Car Industry Tank

I’ve heard all the talk of the car industry being a vital part of the US economy.  But come on.

The US car manufacturers are in this hole because they over-invested in SUV’s for so long.  And what’s the worst that can happen if some of these companies go under?  Yea, people will lose their jobs.  I’ve seen the Michael Moore movie.  If the concern is about jobs, why does our tax money have to go through these companies?  Just give the money to the employees as they look for new work.

Who is going to bail out the US government when its out of cash?