Let's hope that the auto bailout has failed for good. The fact that US auto companies (and more specificually employees) weren't willing to reach parity with the wages of their japanese competitors by 2009 was outrageous. For this stalwart it is a relief that this bailout did not pass, and I find the markets' negative reaction to the result very short sighted. This of course presupposes that the US and world markets' drop was indeed a reaction to the auto bailout news, as financial media ascribe. Nevertheless, assuming that markets did fall in reaction to the news, then their reaction is very misguided.