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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