News that a Detroit bailout may not be the slam-dunk that we had assumed could have been the fundamental catalyst for yesterday’s stock rally. we can only hope whatever the outcome, the government does not mere flush money down a rathole. Most Americans do not have plush pensions and health care for life and would deeply resent pumping billions into the Big 3 to payoff pension obligations that are virtually without parallel in the US economy (unless you work for the Government itself).