Essays /

Should The United States Federal Government Essay

Essay preview

In the fall of 2008, General Motors, Ford and Chrysler-known for decades as the Big Three encountered a very serious automotive industry crisis that they haven’t met before. This unprecedented crisis made these three leading companies in automotive industry step at the edge of bankruptcy. Facing this critical problem, automotive companies can not deal with this severe difficult situation all by themselves then they turn to the United States Federal Government for help not only once but several times. According to a report published by Center for Automotive Research in the United States, the United States Federal Government successfully avoids a lose of 28.6 billion dollars by offering assistance to automotive manufacturers in this crisis. Even though this amount of money can not be comparable with the tremendous amount of money the United States Federal Government loaned to the automotive industries, it does demonstrate that the government has done something really helpful and successful in term of the outcome of this action and the federal government’s functions in some extent. Therefore, as far as I am co...

Read more


000 113 2008 28.6 400 abl accord achiev action actual admit affair american amount assist automot averag avoid back bankrupt bankruptci base becom better big billion blow bring brother build burden call capit care center certain chrysler chrysler-known clear cnn collect come communal compani compar concern conclus control creat crisi critic daili danger deal decad demonstr difficult direct doesn dollar done economi edg educ encount enough even everyon expens extent face facil fact fair fall far feder financi first follow ford form function general get give global go goal goal-sav good govern guarante haven health heavi help hierarchi high huge illustr imagin incom increas industri influenc initi instead isn job kind known larg lead lehman let level list live loan long lose loss lost lot low made main make manufactur massad massiv may mention met might money motor nation need news offer one oper opinion order origin outcom part peopl point polici poor present prevent privat problem prudent publish purpos quick rais rate realli realloc reason reconsid recov regret relat relief repay report rescu research resourc respons result said save say second secretari secur see serious sever sinc situat so-cal social societi someth sourc specif spent stabil state statement statu step stop stori success support surviv system take tax taxpay term therefor thing though three tim time treasuri tremend turn ultim unemploy unit unpreced us use vain wealth welfar well whole world wors worth would year