Barack Obama's Auto Bailout
Despite the assumption by most Americans that automakers should be allowed to fail if they are unable to meet their financial obligations; the fact is that failure of the United States Automakers would be catastrophic to the economy of the United States, to the average consumer, and even to national security. While on first glance, it appears that the Whitehouse plan to bail out automakers is dimwitted and a ploy to make rich men richer, the facts run contrary to that opinion. Automakers employ or cause employments for workers of every description. 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. It's more than a business. It's a system of
interrelated business, each affected by the success or failure of the other. In short, allowing any piece of the machine to fail would bring the United States Economy to a screeching halt. Nobody is happy about the state of the economy, but the fact is as much as inclination is to punish those in charge, punishing automakers punishes everybody, including the true culprits in the fiasco; individual American consumers who have reneged on their promise to pay. On a consumer level, automakers need the money, not to make cars, but to sell them. The big three automakers make more money in their financing departments than they do from the sale of vehicles. While some might suggest letting the banks take up the slack, the fact is that banks don't have the funding to factor enough money to front money for every type
Some topics in this essay:
Auto Industry,
United Automakers,
United Economy,
Armed Forces,
,
auto industry,
United Government,
automakers money,
auto loan,
rich richer,
united automakers,
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Approximate Word count = 550
Approximate Pages = 2 (250 words per page double spaced)
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