The government is being extorted by GM and Ford to the tune of 25 billion of your Earth dollars. They say that they are too big to fail, and if they are allowed to, two and a half million people will be out of work, the sun will go black, and you'll have to eat turd sandwiches to survive.
I have a modest proposal. Let us instead purchase GM and Ford, as taxpayers, and then set up each company (or one combined company) as a not-for-profit corporation.
The capitalists are waving the white flag, here. A low interest loan will only delay the inevitable. But if you go my Socialist way, you don't have to even make a profit. Workers' wages could continue to be negotiated via unions. The board of this new corporation could be compensated through a salary and benefits package approved by Congress. A trust for profits could be established, and used to fund expansion and investment.
Just an idea, folks. A big, fat RED one.