The only thing worse than bailing out the auto industry may be letting it sink

Letting the Big Three fail could have catastrophic consequences. A bailout of big three automakers is facing tough resistance from many quarters. But some observers say that failing to bail out the auto industry would have catastrophic consequences on the U.S. labor market. Steven Greenhouse, labor and workplace correspondent for The New York Times, and author of the book ?The Big Squeeze: Tough Times for the American Worker,? talks to The Takeaway.