but if they get the loan, the suits should be taking pay cuts, not laying off the workers. They should put a limit on how much a CEO makes at any company that tax payers are bailing out. Why should they get rewarded for driving a company into the ground?

Its not that easy. If the "big/ 3" should gp bankrupt how mant others follow? Glass plants, glass fabricators, seat fabricatorsm, battery plants , dealeships, repair people, etc. It is endless. The only real choice is a short term loan with strict strings attached. There must be new management. That's up to the board of directors. There will need to be a restructuring of all union contracts, there will have to be a commitment to fuel energy design. The "loan" cannot be paid out all at once, but rather dribbled out as goals are met and the companies exhibit that they will produce a competetive product. Otherwise, the problem isnever solved and we stay in the same old rut.