They would've tanked without it. So does it really matter?
Exactly! But it does matter the US tax payer would have been a few billion dollars richer right now. These companies should never have received a dime from the government. It was said by a few here, when the auto companies first crawled to Washington, that these companies should be allowed to fail, and file chapter 11.
Some of our liberal leaning JU's didn't agree. Their concerned about the poor UAW's losing their jobs, and the impact on the economy. Well, the big stack of cash is gone, and it appears those precious jobs will be gone soon also.
This is what is supposed to occur in a capitalist society. Weak, or inefficient companies have always gone away, only to be replaced by some thing new. Did anyone help Studebaker or AMC (to name a few) when they went under? Sure some might lament their passing, but who gives a damn now? We are seeing exactly what happens when the natural order is manipulated by government.
As for Chrysler, who would have thought it possible that the government would be a force in the sale an American company to a foreign one! There is a reason why Fiats aren't commonly seen on the streets of the US, their un-reliable. Now that's just what we need Amer-Euro junk that nobody wants. Better to let Chrysler fail now, so they can reorganize and get on with business, before more folks lose money on this turkey.