An "Alternative" Idea for the Bailout of the Auto Industry

Here's my idea for an alternative to bailing out the auto industry. Obviously, the loss of tens of thousands of jobs is a daunting thought should one or more of the Detroit Big 3 automakers go out of business. On the other hand, why should the American taxpayer have to subsidize a company that hasn't built a superior quality product in over 50 years? Instead of pumping taxpayer money into a losing business, I suggest that any "bailout" provide public service jobs for the former auto industry employees that we can all benefit from such as public works projects. Or perhaps subsidize employee salaries at good companies that are profitable and produce good quality products.

I'm not worried about not having a U.S. owned auto company because even if foreign auto companies fill the void (and hire some of those laid off employees), in the case of a national emergency like what we saw in WWII, the government could always take emergency measures to temporarily nationalize those companies.

Just my two cents for the new president to think about...