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Yes, the top management of the big three automakers have been making stupid decisions for years along with most other short sighted executives in the US.
But this is not about a handful of shortsighted greedy scumbags. Its about the US economy and weather or not we are going to be a society that "cleans each other's houses" and lives in slums or one that makes things and lives in middle class neighborhoods. Note:(there will always be the rich who will no doubt live in gated communities.)
Don't like the idea of those rich bastards having their cushy job's saved, fine... we'll fire them as a part of any deal, but don't flush the entire industrial base of the US down the toiled because you don't like a handful of ignorant and arrogant executives.
And don't believe the shallow news reports that claim ONLY a few million jobs are at stake. The US auto manufactures set the standard for all the other manufacturers in the US and help to maintain and advance that standard. Ask anyone who knows about PPAP, or SAE standards or hundreds of other critical process that every other manufacture in the US and world depend on. If the US automakers go out of business the US will not longer be a significant player in the industrialized world.