I heard this analogy today, can anyone comment as to its correctness?

The financial companies which stand to benefit from the bailout, and the domestic automakers as well are all like people that have overindulged in payday loans. They are basically running back and forth between different payday loan companies, getting a new loan to pay off the old loan. Thats the only way they can stay in business.

If this is correct, then it sickens me that these are the organizations we are going to support. They need to be taken off of life support.