Krugmann pointed out today the reason why I am not so hung with an auto-industry bailout. As Josh Marshall says, we should try to get something for it; but, in principal I'm less concerned about a bailout that might, you know, actually help people directly. The finance industry bailout so far hasn't done anything to show me its worth. The auto-industry bailout may actually keep some working families in their homes with food on the table. That's a big difference.
Update: Oh, I forgot to mention. Fire the fools in charge at these companies.