jessica ferrell mrs. pugh advanced english 12 september 9, 2009 b ig t hree b ailout ? no
TRANSCRIPT
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Jessica FerrellMrs. Pugh
Advanced English 12September 9, 2009
BIG THREE BAILOUT?NO
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WHY?
To keep the economy from going deeper in debt
Owners don’t know how to spend the money $$
Ford, GM, and Chrysler will not make fuel efficient cars
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OWNERS
Take money for executive bonuses
Refuse to arrive in eco-friendly cars
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OWNERS
Robert Nardelli, Chrysler
Rick Wagoner, GM
Alan Mulally, Ford
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OWNERS
When The Big Three owners arrived in Washington, D.C. to ask for more money they came in on private jets
Gulfstream IV
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FUEL EFFICIENCY
The Big Three refuses to make fuel efficient cars
They make big gas guzzling vehicles that are not turning a profit
People demand a vehicle with better gas mileage as prices for gas continue to rise
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CARS & TRUCKS
Pickups and SUV are a major profit loss
Pick ups and SUVs
do not get good
gas mileage and
the cost of gas is
rising
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OUR ECONOMY
With our economy struggling we seriously need to keep all the money we can get
People are losing their jobs
Cost of living is going up
Help Wanted
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MONEY
The Big Three have problems dealing with money they tend to:
Buy executive planes
Keep money for executive bonuses
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EMPLOYEES
Because The Big Three is struggling its having to layoff workers
Employees are struggling when they are laid off because money is tight
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JOBS & MONEY
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WAGES
The Big Three
Pays workers $70 dollars an hour
Foreign Competition
Pays workers $45 to $48 dollars an hour
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MONEY LOSS
GM has spent 2 billion dollars getting rid of Oldsmobile
Ford lost 14.6 billion dollars
Chrysler has the largest profit lost
Can we really
trust The Big
Three with more
money?
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BAILOUT
By bailing out companies like The Big Three and Wall Street it shows other companies in financial trouble that the United States will bail them out too!!
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WHERE IS THE MONEY COMING FROM?
The money used to bailout business comes from YOU
Paying taxes
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WHERE HAS OUR MONEY GONE?
Goes to the owners of the auto industry
United Auto Workers (UAW)
Former Employees who are under a contract
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WHERE HAS OUR MONEY GONE?
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WHERE SHOULD IT GO?
People who severely need help
Retirement
Medicaid
Schools
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WHAT CAN WE DO?
We as citizens can ask the government to stop spending money on the auto industry
The U.S. has more serious problems to deal with
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Should we bailout The Big Three?