1. Barack Obama's Auto Bailout
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. ... On a consumer level, automakers need the money, not to make cars, but to sell them. ... Unfortunately for the auto industry, most people will miss a car payment before they do a house payment, and those unable to extend their home credit to eat their car loans, end up leaving the car companies holding the bag. ...
- Word Count: 550
- Approx Pages: 2
- Grade Level: Undergraduate