One is that the auto industry is too big to fail. ItÃ¢??s not just because of the manufacturing operations and all the suppliers and their workers, but also the many dealerships that support tens of thousands more employees.
The other is a tough-love scenario of allowing them to slide into Chapter 11 to see if someone else could make a go of the business. A bankruptcy might shed not only unnecessary costs but also incompetent management, the reasoning goes.
Meanwhile, senators from states with few or no plants operated by Detroit car companies are opposing a bailout. Even Indiana Sen. Richard Lugar is lukewarm.
What do you think?