No
A) Government has no business bailing out companies that have run themselves into the ground. Why stop there? Why shouldn't it save EVERY failing business?? Every Mon-and pop store, every restaurant, every mini-mall. Surely their jobs are just as important, right?
B) There is no guarantee, what-so-ever, that the tax payer dollars could be paid back, by any bail out
C) What goes around, comes around. The unions helped bring about the huge expense it is to make american cars, compared to other countries like Japan, all the while making an inferior product