You very well know the systemic difference between automotive and financial corporations. When we're through with this crisis the time has come to make sure there are practically no too-big-to-fail financial companies, and those that still remain will have to be regulated in such a way that they will do everything imaginable to avoid having to accept capital injections from the state.

This said, I'm not in opposition to certain kinds of industrial policy, like when Sarko saved Alstom, or when we saved our automotive industry over here by promising Ford/GM large investments in infrastructure in the region where their factories are located.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

Not at all.  We've dumped a lot of money into deals we had no business in.  Ensuring a functioning banking system is more important than trying to prop up the long-dying American automakers.  If GM goes, a lot of people will likely get laid off (or sucked up by the Japanese at lower wages).  If the banking system collapses, tens of millions are thrown out of work, millions of companies won't make payroll, etc.  Completely different levels of destruction.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin