The whole reason capitalism works is because money finds its way to the best companies - they make money. Taking the money from them and giving it to companies that have shown they can lose money wont help the economy - it will destroy it.
Money goes where value is added.
And, IMO, if companies want government money, part of the deal should be that these companies re-structure, re-price and innovate.
i.e. create enough value for their customers that, when the government money stops, their industries are sustainable.