Jeff, I am by no means intendig to endorse what uncle Sam is doing, but I have the following info / thoughts regarding your questions.
1. The Fed did buy part of AIG and some of the investment banks they are bailing out (i.e., stockholders), so theroetically, if these companies bounce back, the Fed will eventually make money on the deal. Supposedly it happened in the past with our bail out of Chrysler, Savings and Loan and Mexico. However, I would not bet on it this time.
2. If we bail out the American Auto industry and you are a supplier to those companies, we are by extension bailing out your company.
3. Manufacturing jobs will come back to the US of A when our standard of living (real- term wages) becomes comparable with the standard of living of workers in competeing companies. That may happen faster than we think.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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