I wasn't happy with the $700B bailout when I first heard about it, but I did know that they were going to pass it no matter what. It was the first step in recovering the economy, and no one really knew what would happen by doing it. Hindsight being 20/20 it wasn't the best thing to do. I am not saying it won't have an effect, but it was far from the "solution" to the problem.
Then when I heard the "Big 3" were going to make a play to get in on the "corporate welfare" bandwagon, and I went through the roof! The Big 3 has done NOTHING to save itself, provide better cars, improve fuel efficiency, or to become "greener" in at least 40 years! I recently watched the documentary "Who killed the electric car" and was appalled at what GM had done to prevent consumers from going green.
Congress did the semi right thing though and sent them away to think about how to fix their companies IF they did get a bailout. But the reality and magnitude of the situation warrant the Big 3 to suffer what they have created. I have heard people say "There will be 3 million jobs lost!" "It will affect every sector of the economy" and "The big 3 are the backbone of the economy", all very valid points; but all skipping over the nature of business. There ARE other US automakers! Here is a short list of 4 that would love to take the place of the Big 3:
In Silicon Valley:
http://www.teslamotors.com/
In Irvine Ca
http://www.fiskerautomotive.com/
In Atlanta Ga.
http://www.carbonmotors.com/
In Carlsbad
http://www.aptera.com/

Don't they deserve the $25B instead of those that have mismanaged their companies and still not provided the American people the cars we needed when gas was $4 a gallon? These 4 companies provide green cars that the Big 3 either cant or wont. Why not give them a chance to thrive instead of flushing more money on the big 3?