Bank Bailout, Auto Bailout, What Next?

After hearing about the decision by Treasury Department to bailout Detroit, I began to ponder the results of such an action. Awarding companies, who I believe, have managed their companies terribly, and "awarding" them with taxpayer dollars doesn't seem sensible. Although I do see how this does in fact benefit the multitude of workers who would have lost their jobs otherwise, I doubt the correctness of such an action.

For years, the world has witnessed Toyota, Honda and other Asian auto manufacturers gain the upper hand over their American counterparts, yet GM, Ford, and Chrysler failed to alter change their business models. With gasoline prices steadily on the rise for some time now, one must have expected Detroit to have responded to such pressures by making a better effort to make more fuel efficient cars, and dramatically cut production of so-called "gas guzzlers." Shockingly, or not, this didn't occur, and due to this, Detroit has been going bankrupt. 

Additionally, most American car brands, in my opinion, have a less exotic, less desirable, less reliable image than those of foreign manufacturers, and have needed an image boost for a while. They needed, and are still in need of better marketing, and manufacturing practices in order to fix this troubles, in order to improve the marketability of their cars. 

As Detroit receives this bailout plan, I truly hope they put this "second-chance" to good use, as Obama is calling for more environmentally friendliness in the auto industry, and better emissions standards, along with more desirable cars that people ACTUALLY want to buy. 

Moreover, what other bailout plans does our federal government wish to enact? Only so many dollars can be used until it's too much. Of course the U.S. Government can't go bankrupt, through easily obtained capital by the means of savings bonds, there is a point where our government must learn to cut back, and begin to chip away at the national debt, in case a large amount of capital is needed to deal with whatever the future may hold.