It seems many equate saving jobs with saving industries. Personally, Id don't see the two to be necessarily related. For example, if the old and shrinking buggy industry falls, we can always retrain workers for new and growing car industry, which would appreciate the newly trained workers. The government could then keep the population fully employed by simply giving school vouchers to the unemployed so the unemployed could learn the skills needed for the growing industries. If we bail out the buggy industry, however, we may find ourselves having to bail it out again come next recession and the next, with the industry shrinking every time. It might be less painful in the long run to let th eindustry fall and focus on the people instead. This way the industry must revolve around people and not the other way around.
Let the buggy industry fall and help the train the unemployed instead.