The economy will worsen period. Eventually a new company will start and hopefully make decent cars and not have to ask for tax payer handouts to line the pockets of CEO's who have their own jets. Our economic problem is the government's own doing by not regulating industries, particularly banking, better (or at all). It's happened many times before and they haven't learned the lessons... or rather it makes them rich so they are not going to change anything. Watch "Trillion Dollar Bet"

Mini announced 850 layoffs today in the UK. Frankly I'd rather bail out that brand since at least they manufacture a product that I'd be willing to buy. GM, Ford, Chrysler have not produced a car I'd consider buying so far during my lifetime....and I'm a car guy!