Tuesday, March 3, 2009
Auto Bailouts
My topic for the issues paper is most likely going to be something along the lines of this years Automobile bailouts for US companies. While searching this topic i saw that GM has lost over $9.6 billion in this past yearly quarter. Not only is GM most likely going to file for bankruptcy, but also Chrysler, Saturn, fiat and Volvo. What effects will this have on the US and world economy if they do fail? Other countries are going about other methods then giving out money. China is lowering tax rates so people will buy more cars. Is this effective? What other proposals are there? Also will the US be able to get out of the Recession with spending billions on saving large companies?
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2 comments:
This is a kairotic subject. Economics are tough though so make sure you get some good information, but I think this could be very interesting.
Unfortunately the answer of your last question is unclear at this point due to the increasing economic struggles. I think that very fact that we are having to bailout large corporations instead of bailing out those who are and have been in need longer than said companies is a testament to how bad it really is. But this can also serve as a justification of the counter arguments that you may come across.
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