Annotated Bibliography

Should the government bail out the big American companies?

Silke Carty, Sharon. "Automakers Ask for Billions in Loans, Credit." 7 Dec 2008 .

The author of this article used information from the big 3 American automakers’ filings to congress. The article gives a brief overview of the trouble the companies face and it explains what the companies are trying to from the government. The article focuses on much of what GM is doing to tighten its belt and what is asking for (up to $18 billion). This article is helpful to my research because it gives the plight of the big companies and what they want. It also gave a little background into the old actions of the companies.

Becker, Gary. "Bail Out the Big Three Auto Producers? Not a Good Idea." 16 11 2008 7 Dec 2008 .

This article was written by a very reputable economist who was a Nobel laureate, Gary Becker and is about the big 3 car companies of America. The article points to a union as one of the major weaknesses of the American companies. The automakers made many concessions to the United Auto Workers throughout the last 30 years. These concessions crippled the companies with large payments. The author believes that GM should not be given aid and that it should file bankruptcy but the others should not. This article is helpful because it gives reason to how the car makers got in the pickle thy are in now.