Everybody's mad at the financial institutions for spending their bailout money on bonuses and other seemingly irresponsible things. Because these companies are not bankrupt, they're not able, as far as I know, to renegotiate much of anything they've committed themselves to contractually.

From inane Union concessions (job bank) to executive compensation and stupid parts contracts, the domestics are shackled with the cumulative damage from decades of mismanagement. Bankruptcy is the tool they need in order to actually recover from the mistakes they made.

When you start talking about dissolving large scale manufacturing enterprises, however, there are people that start asking who will build the tanks in the next large war. I don't understand the military aspect of that but I suspect if all of the plants go foreign owned they'd just be nationalized in the event of a crisis. Maybe the bailout is the nationalization and they're just thinking ahead -- I don't know.