Jessica Ferrell Mrs. Pugh Advanced English 12 September 9, 2009 B IG T HREE B AILOUT ? NO.

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Jessica Ferrell Mrs. Pugh Advanced English 12 September 9, 2009 B IG T HREE B AILOUT ? NO

W HY ?  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

O WNERS  Take money for executive bonuses  Refuse to arrive in eco-friendly cars

O WNERS Robert Nardelli, Chrysler Rick Wagoner, GM Alan Mulally, Ford

O WNERS  When The Big Three owners arrived in Washington, D.C. to ask for more money they came in on private jets Gulfstream IV

F UEL E FFICIENCY  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

C ARS & T RUCKS  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

O UR 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

MONEY  The Big Three have problems dealing with money they tend to:  Buy executive planes  Keep money for executive bonuses

E MPLOYEES  Because The Big Three is struggling its having to layoff workers  Employees are struggling when they are laid off because money is tight

J OBS & M ONEY

W AGES The Big Three  Pays workers $70 dollars an hour Foreign Competition  Pays workers $45 to $48 dollars an hour

M ONEY L OSS  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?

B AILOUT 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!!

W HERE IS THE MONEY COMING FROM ?  The money used to bailout business comes from YOU  Paying taxes

W HERE HAS OUR MONEY GONE ?  Goes to the owners of the auto industry  United Auto Workers (UAW)  Former Employees who are under a contract

W HERE HAS OUR MONEY GONE ?

W HERE SHOULD IT GO ?  People who severely need help  Retirement  Medicaid  Schools

W HAT 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

Should we bailout The Big Three?

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