There's more than enough worry to go around these days in Detroit and other parts of the nation where the U.S. auto industry plays a big role in the economy. They are worried about their livelihoods, and who can blame them? Unfortunately, there's little the government can do, short of further bankrupting the nation's economy, to keep the industry going.
If GM and Chrysler folded tomorrow, I'm not at all sure it would ever have a profound impact on my life. I do not own any of their cars, and the U.S. auto industry has no sizable stake in the local economy. Yes, there are many local car dealerships that sell American cars, and some of them would no doubt close, but some would start seling Toyotas or Nissans or Mazdas, and they'd get by. If there were no American cars, that wouldn't stop anyone from driving or needing to buy new cars.