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Instead of giving the not-so-Big 3 a $25 billion reward for their bad management, how about loaning much smaller amounts of money to startups like Aptera (on a match with what they can raise from private investment) so they can ramp up production and replace those old jobs with new ones.
Even if the used-to-be Big 3 go down, I can't see it as being the end of the US auto industry. There'll still be a demand for cars, and it's cheaper to build them in the US than to ship them in. They'll just be Hondas & Toyotas and so on, and with luck a bunch of Apteras, Teslas, and who knows what.
I really doubt that 1 in 14 people being associated with the US auto industry - meaning the Detroit 3. Maybe with the auto industry as a whole, considering everything from parts suppliers to mechanics & used-car salespeople. So if the Detroit three go under tomorrow, how much of that goes away? About half the cars are "imports" already, so that stays, even grows a bit. The mechanics & so on stay in business - my neighbor still makes a good living working on things like Cords & Model T Fords. The sales people just change brands...
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