It's estimated that 3-4 million jobs would be lost in the collapse of the domestic auto industry
That's the auto jobs themselves, and the many auto suppliers, and many companies doing business with both.
Given that the economy has already come to a complete screeching halt, and unemployment is set to skyrocket from 6.5% up to perhaps double digits, then sure, let's follow the pure doctrinaire conservative Republican principles and let this nasty recession spiral right down into a depression. America will be devastated but at least we can hold our head up high, knowing that we stayed true to free-market principals...