Who exactly are we bailing out in Detroit?

Understandably, the plan to bail out the Big Three has some formidable problems. First is that the $25 billion is probably three times the market value of the businesses. GM and Ford are worth about six billion and Chrysler can't be that hot itself.

When the CEO of GM said he just needed money to fill a gap, he said it was until 2010 when his UAW cost savings would kick in. Why 2010? We're not being asked to bail out GM, we're bailing out the UAW. Remember how they had this deal where if the economy slowed down, laid off workers got paid just like they were working?

The country is full of workers who have been displaced by the economy and who got no golden parachutes. Why tax money to make this happen for auto workers? I suggest we let them go bust, so they can start over. A new board, new management, and a new union contract. They can do all that without my money.