Sunday, December 14, 2008

Vocabulary - December, 15 2008

assail
citadel
fortitude
credence
miscreant
alacrity
imperturbable
indolent
pandemonium
docile
unabashed
pacific
inadvertent
ostensible
furtive

Wednesday, December 10, 2008

Debate Meeting 12/10/08

Official Definition of BAILOUT: Situation in which a business, individual, or gov't offers money to failing businesses in order to prevent the consequences that arise from the businesses downfall. Can be given in loans, bonds, stock or cash.(Investorpedia)
--Bailouts mititgate a problem with a one sight view of profit in the end

Gov't bailouts would not be necessary if workers didn't join unions and worked as self contracted workers--in the south this has been shown to result in cheaper cost for GM.

Bailouts re-industrialize America. It re livens the auto and eco industry to bring more jobs

Auto industry is a strong part of our economy.

If the industry were to fail America exports in culture which would result in gained income in other industries throughout the world to fund our gov't.

Manufacturing jobs used to be the solid job of the working class, it gave them a plausible income and benefits.

"Without conditions it's not a bailout, it's a welfare check for industries/blank check."

Numbers have shown that the cost of saving the companies would be cheaper than paying off all the employees, and in the end saving the company would result in strength of the industry.

The gov't needs to put mandates and regulations on bailouts to ensure that the money will be put toward rejuvanating the company and not going to ceos salaries,etc.