"Creative destruction" - this is an old notion much used by acquisition and merger "geniuses", and in many cases it makes sense, saves a few jobs (though fewer worker pensions) and makes bundles of money for those with the leverage to purchase seriously frayed businesses, which some would say, described GM and Chrysler. However, the bailout also saved small shops that produced things such as thermostats, brakes, power steering pumps, auto glass, power window motors, alternators, gaskets, specialty bolts and nuts, and the hundreds of other specialty products that go into making a car.

At the beginning of a years-long recession, 2009 wasn't the right time to pull the rug out from under millions of workers in a region we call "The Rust Belt".

Your admirable (though speculative) future industries and products can still come about through hard work by the private sector, most likely subsidized to some needed extent by the federal government.