Dunno. You tell me. But if you do, answer me one question: What if it turned out the Federal government did spend $9 Billion on saving Chrysler and GM? Not saying they did, but let's suppose they did. Can you say it wouldn't have been worth it?
In the last quarter of 2008 alone, the country lost over 2.5 Million Full Time jobs. Lehman Brothers, a venerable financial institution, went bust. The stock market was cratering 1929 style. And on top of it all, two of the three auto companies go under? And the government just stands on the sideline and says, "Not my problem"?
Keep in mind that one of the things the US economy has going for it is the confidence of the world in our economy. For example, over 80% of international deals are carried out in dollars. The US could not afford to let the two of the three auto giants go under, and it didn't. They did what they had to do, and even if $9 Billion was used of government money, (not saying it was, but if it was), the investment was very much worth it.