The amount of money we've poured into the Big 3 is a sin. It is also a good down-payment on their plants in Ontario. Imagine the Ontario and Federal government coming together and creating a "national auto company". We did a similar thing creating Petro-Canada. India created "Maruti". Both highly successful companies now.
Edit: Note, there is a HUGE opportunity to have the unions involved in a purchase of the facilities, and basically have a "union buyout" situation, where the unions could own the company - the "new" company.