Let's Bail Out Everyone

I think we should bail out anyone and everyone in need. That's what America is about - handouts. So what if your management sucks, your business model sucks, and your products suck? If you suck and need money, the American government and consequently the American tax-payer will gladly bail you out.

Yes, the economy is pitiful and jobs will be lost. But what happened to bankruptcy laws? Aren't they around so that companies can streamline their management and cut costs so that they can eventually become solvent and profitable? Quite confusing really. The auto industry bail out is infuriating. I can somewhat understand (or tolerate) the financial industry bail out, since it was primarily the government buying up toxic assets and shares in the various banks, perhaps limiting the burden on tax-payers. Furthermore, the financial world is at the crux of the economy - a credit freeze due to liquidity concerns and horrible market psychology would be very detrimental to the overall economy. What do you do when you're a responsible citizen* who can't receive a mortgage loan or an auto loan? And then there's the issue with the unions. Overall, I suppose a union's purpose is a good one. But does an auto worker making $100K+ a year sound reasonable? With all the benefits and what not, it seems the UAW is a major factor contributing to the fall of these firms. I find it funny that instead of finding a strategic way to shore up their balance sheets, Detroit's big three firms would rather beg for a lifeline. It's an embarrassment to capitalism.

*Not to be confused with the irresponsible, stupid citizens who thought they could afford a several hundred thousand dollar home with a weak household income. Yes, I know they aren't the only people or institutions to blame.