jessica ferrell mrs. pugh advanced english 12 september 9, 2009 b ig t hree b ailout ? no

Jessica FerrellMrs. Pugh

Advanced English 12September 9, 2009

BIG THREE BAILOUT?NO

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

OWNERS

Take money for executive bonuses

Refuse to arrive in eco-friendly cars

OWNERS

Robert Nardelli, Chrysler

Rick Wagoner, GM

Alan Mulally, Ford

OWNERS

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

Gulfstream IV

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

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

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

MONEY

The Big Three have problems dealing with money they tend to:

Buy executive planes

Keep money for executive bonuses

EMPLOYEES

Because The Big Three is struggling its having to layoff workers

Employees are struggling when they are laid off because money is tight

JOBS & MONEY

WAGES

The Big Three

Pays workers $70 dollars an hour

Foreign Competition

Pays workers $45 to $48 dollars an hour

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?

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!!

WHERE IS THE MONEY COMING FROM?

The money used to bailout business comes from YOU

Paying taxes

WHERE HAS OUR MONEY GONE?

Goes to the owners of the auto industry

United Auto Workers (UAW)

Former Employees who are under a contract

WHERE HAS OUR MONEY GONE?

WHERE SHOULD IT GO?

People who severely need help

Retirement

Medicaid

Schools

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

Should we bailout The Big Three?