1. White House Auto Bailout
While on first glance, it appears that the White House plan to bail out automakers is dimwitted and a ploy to make rich men richer, the facts run contrary to that opinion. ... In addition to manufacturing new cars, the auto manufacturers, directly or indirectly create jobs for dealers, salesmen, secretaries, parts manufacturing, service personnel, tire manufactures, and tire sales people and more. ... The first casualties of recession are debtors, and like the Mortgage industry, the Auto industry depends on people paying down the notes that they finance. Unfortunately for the auto industry, ...
- Word Count: 552
- Approx Pages: 2
- Grade Level: Undergraduate