As to the auto industry bailout, would you rather have had a major American industry simply collapse?!
There’s allegedly 94 American automobile manufacturers, per Wikipedia. If there’s a disruption that would collapse all of them, that would be extremely serious - something which should be handled by making sure the industry is not at the whims of the economy.
The simplest quick-fix is having the company give partial ownership to the government in exchange for a bailout, and the alternatives involve arguing about what color to use on the bike shed.