Everyday there's more and more information in the headlines about the current situation in the automotive industry, too much for some of us to be able to follow and understand it all.

As a person whose entire livelihood depends on the automotive industry,  it scares me beyond words and sometimes I confess, I try to avoid the headlines. I want to hide my head in the sand, but like an elephant in the room, I must face this giant situation, and try to educate others on how drastically this bailout business affects the day-to-day lives of everyone, even those who are not even involved in the automotive industry.

While I write this, Yahoo!Autos is reporting that  Congressional bill drafters are likely to reach an agreement today to assist our failing automakers. They're putting the finishing touches on a measure that "would create a presidentially named overseer charged with running a broad auto industry restructuring, with the power to require immediate payback of the emergency loans early next year if the companies fail to take the steps necessary to overhaul themselves."

Keep in mind that anything Congress approves would be a LOAN: In return, the carmakers will have to agree to terms similar to those placed on banks that receive funds in Wall Street's recent $700 billion bailout. Manufacturers will be expected to limit their top executives' pay packages, cease paying dividends, give the government a chunk of future gains, and guarantee that taxpayers would be reimbursed before any other shareholders, the article says.