Hi Matt, I am not sure that would be the right thing to do yet but the gov will have to get involved the job losses alone would be devastating to America.
In Fact until the job losses start to stabilize you won't see any recovery in the market for some time to come. It will continue to bleed until that starts to head the other direction!
You say it is the companies fault and not the employees? It is the Unions fault and the employees make up the union. For too long the unions have had too much power.