The importance of clean air is one of those things that nearly everyone can agree on. But automakers, utilities, and other industries likely to be impacted by the U.S. Environmental Protection Agency's new smog regulation proposal might not be too happy about the prospect—they could end up paying through the nose to cut down on pollutants.
With the Detroit bailout now a wreck, the refrain from the impacted carmakers is that a the money is still necessary, because "consumers won't buy cars from companies in bankruptcy."
But they readily flew bankrupt airlines. For years. Still do.
Since 2000, most of the major airlines have traveled in and out of bankruptcy: United, US Airways, Delta, Northwest. Continental was a visionary in this regard, throwing up its corporate hands in 1990. Frontier is still in hock.