1. White House Auto Bailout
... 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 White House plan to bail out automakers is dimwitted and a ploy to ... of making the rich richer. In fact, the reason that the companies are struggling is more closely tied to the sub prime mortgage meltdown than one might at first recognize. The first casualties of recession are debtors, and like the Mortgage industr...
- Word Count: 552
- Approx Pages: 2
- Grade Level: Undergraduate