Bailing out is not addressing the issue. The big three (domestically), lets be honest, they are fundamentally flawed. Putting more money in does not changes the fact that no one wants to own an American cars anymore thesedays. They really dont have anyone to blame for their lack of innovation and their short termism. It is purely management problem, therefore i do not have any sympathy to the big three. A bail out is not the true love kiss in fairtales that would fixes everything. Investing more money in the big three would only delay the current situation. Let them go bankrupt and start over again.
Plus I'm not too concern about all the job loses. Because the demand for cars wouldn't suddenly fall significantly just because the big three went bankrupt. The demand is still there, and I'm pretty sure other automakers like Toyota, Honda, or even VW and BMW will make the most out of this chance.