Auto+Industry+Bailout

=The Auto Industry Bailout=

Now that we have a sense of the context of the issue, read this article: [|The Auto Industry Bailout] Answer these questions in your notebook:

a. In what ways have the fortunes of the Big Three automakers been tied with the oil industry? b. Why is the auto industry currently struggling? c. What has compounded the crisis for the automotive industry? d. Why did the automakers approach the federal government for help in September? e. What did they say federal loan money would be used for? f. Why did the federal government's initial investment in Detroit garner little attention or debate? g. What opposition does the $25 billion aid proposal, made by Senate Majority Leader Harry Reid, face? h. Why should the federal government give the automakers an additional $25 billion if there are strong doubts that even that will help them stay alive?

You have been assigned one of the following points of view. Read the articles from the table below supporting your point of view. Record you findings on this document (you will need it shortly): [|Bailout Recorder]

At the end of our discussion, view [|this] and summarize your thoughts in the discussion tab above.
 * ~ Anti-Bailout Resources ||~ Pro- Bailout Resources ||
 * [|Congress Remains Divided on Bailout] || [|What's Good for GM Is Good for the Army] ||
 * [|Let Detroit Go Bankrupt] || [|Ford's Mulally Testifies to Senate] ||
 * [|If Detroit Falls, Foreign Makers Could Be Buffer] || [|G.M.'s Wagoner Testifies to Senate] ||
 * [|How To Fix a Flat] || [|Chrysler's Nardelli Testifies to Senate] ||
 * [|A British Lesson on Bailouts] || [|Congress Remains Divided on Bailout] ||
 * [|Letter to the Editor - Rescuing Detroit: The Great Debate] || [|Saving Detroit from Itself] ||
 * [|Saving Detroit from Itself] || [|Saving the Big Three...Or Not] ||
 * [|Saving the Big Three...Or Not] || [|"Drop Dead" Is Not an Option] ||