I think the requisite concessions were already drawn as part of the partial takeover. GM is slowly clawing its way back to respectability. The hard work of paring down its product lines and duplications has already been done. Ford got similar concessions (and no bailout) and is already back to profitability. Make a good product at a fair price, and people will buy.

It was naive for auto workers to think some of these jobs would exist for generations as people made nice salaries with very little education.

The middle class will continue to shrink as a consequence of globalization, but it will mount a comeback once monetary values start to equalize and/or if transport costs start to outweigh outsourcing gains.

Competing with citizens of less-free societies isn't any fun, but increased economic interdependence has reduced the effect of market crashes (even this one!) and has opened up freedom of a sort for millions of people worldwide. For all the reports about US wars, global incidence of war (as defined by # of people actually engaged in it) is down sharply in direct correlation with globalization.

Again, I point you to Fareed Zakaria, who has written a number of insightful articles on just this subject. The media would have you believe the whole world is going hell-in-a-handbasket, but by the numbers, the opposite is true.