big three bailout? no
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Big Three Bailout? NO. Jessica Ferrell Mrs. Pugh Advanced English 12 September 9, 2009. Why?. To keep the economy from going deeper in debt Owners don’t know how to spend the money $$ Ford, GM, and Chrysler will not make fuel efficient cars. Owners. Take money for executive bonuses - PowerPoint PPT PresentationTRANSCRIPT
Jessica FerrellMrs. Pugh
Advanced English 12September 9, 2009
BIG THREE BAILOUT?NO
WHY?
To keep the economy from going deeper in debt
Owners don’t know how to spend the money $$
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?