I don't know why you are speaking for other people. The OP I was responding to was clearly talking about the industry, and presumably those upvoting agree with the sentiment.
The sentiment was "thank god the industry is finally allowed to die", not "thank god we are not wasting money", which suggests more of an emotional dislike of the auto industry rather than a dislike of this piece of legislation.
The OP said he was glad the bill failed because he feels the market can work out a better solution. You brought up the whole dancing on the grave of people's jobs thing.
He wasn't saying he was happy about the loss of jobs. The loss of jobs is coming one way or another (or so the economists I've read seem to think). Chapter 11 gives them a chance to at least end up viable in the end, creating more jobs in the long term.
He is happy that we aren't throwing money down a well. Or that's how I read it.
The sentiment was "thank god the industry is finally allowed to die", not "thank god we are not wasting money", which suggests more of an emotional dislike of the auto industry rather than a dislike of this piece of legislation.