Daily News Article - December 3, 2008
1. Who are the "Big Three?"
2. a) What are the Big Three asking Congress for this week?
b) What do they say will happen if Congress does not help?
3. How much does each company say they need?
4. What do the automakers say they will do in exchange for the taxpayer bailout?
5. Why have congressional representatives met with bankers and bankruptcy experts over the past several days?
6. What do GM and Chrysler think of the idea of bankruptcy?
7. When the Big Three asked Congress for $25 billion last month, why did Congress tell them to come back this month?
8. Why does Ford appear to be in better shape than GM and Chrysler?
9. This is a challenging article but it is important to have a general understanding of the issue. Do an internet search for "Oppose Big Three Bailout" and "Support Big Three Bailout" to gain a better understanding of why people have differing opinions on this issue. What do you think? Should Congress give the Big Three a bailout? Explain your answer.