The U.S. automakers have had their request for a bailout denied. Why? Because when the U.S. Congress gave bailout money to the bankers of Wall Street, it was misused by giving dividends and bonuses out instead of preventing foreclosures.
So now a real industry, one that actually produces something, has to come up with a plan that Congress approves prior to getting any money.
And I assure you that far more people will be hurt by the U.S. auto industry failing than any other industry in America.