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Jessica Ferrell Mrs. Pugh Advanced English 12 September 9, 2009 B IG T HREE B AILOUT ? NO
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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
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O WNERS Take money for executive bonuses Refuse to arrive in eco-friendly cars
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O WNERS Robert Nardelli, Chrysler Rick Wagoner, GM Alan Mulally, Ford
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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
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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
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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
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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
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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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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
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J OBS & M ONEY
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W AGES The Big Three Pays workers $70 dollars an hour Foreign Competition Pays workers $45 to $48 dollars an hour
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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?
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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!!
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W HERE IS THE MONEY COMING FROM ? The money used to bailout business comes from YOU Paying taxes
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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
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W HERE HAS OUR MONEY GONE ?
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W HERE SHOULD IT GO ? People who severely need help Retirement Medicaid Schools
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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
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Should we bailout The Big Three?
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