Its a bummer, but it is more a reflection of the economy that America has developed for itself, or lack thereof, not just under the leadership of the current fuher, but all those before him in recent memory. I in no way supported the bailouts, but they have little to do with the fact that the cost of manufacturing is lower in other countries than it is here, enticing manufacturers to lower costs by offshoring jobs. Those costs are driven by economic policy, and by our "leaders" determination that we can live high in America by exporting our inflation everywhere else... the jig is up.
In reality, had Chrysler been allowed to declare bankruptcy, it likely would have been purchased out of bankruptcy by some other more liquid manufacturer -- maybe Ford, maybe Fiat. The odds are fairly good that the Toledo jobs that Fiat will now offshore to Venice, or wherever, would have ended up there anyways -- the economics of business dictate it. Ironically, Italy's economy will really go to shite, and their own manufacturing costs will go through the roof, when Germany finally gets tired of supporting them and leaves the Euro... perhaps then Jeep will come back home.
Either way, sucks to the the "all-american" brand of Jeep will have nothing American but drivers in the near future. And sucks for Toledo.