1. Barack Obama's Auto Bailout
Sometimes, rich and powerful nations need to go to war, and sometimes those wars are unpopular. In 1941, the United States went to war with Japan, and while it's unlikely that will ever be the case again, the results of having vehicle manufacturing outsourced to Japan in 1941, as would likely be the case if the big three U.S. makers were allowed to implode, World War II might have ended far differently. ... 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. ...
- Word Count: 550
- Approx Pages: 2
- Grade Level: Undergraduate