Seth Godin has an interesting point of view on the bailout of the car manufacturers which I have to agree with. Our world is changing, and the way we do business is changing. I don't think we should be bailing out businesses that cannot keep up with the times. Yes, there will be large scale job losses, and it may impact the world economy in a very bad way.
But ultimately, people will always need cheap transport, and if there are hundreds of small manufacturers that emerge should the big ones go under, then all the talent from the big manufacturers will be employed again by another manufacturer. The dead weight will probably not get employment as easily, but ultimately we should not be supporting them anyway.
A harch view, I know, but for the world to be a better place, every person should be able to support themselves and their family, they should not be a burden on someone else.