Bail Out of the Auto Industry
Posted on November 25th, 2008 at 10:21 am by angelapearson and tagged Auto industry, Cerberus, Chrysler, GM
The auto industy is going in to debt at least one billion dollars every month. So the 10 billion that they want to borrow will only last them 10 months, or the 10 extra months will enable them to become a profitiable company. Chrysler is owned by a company called Cerberus. If Cerberus gets the GM company then they will combine the companies and it will become Cerberus and then all the people will lose their jobs and the unemployed will become higher and it will make it harder for the young adults to get jobs once they get out of school. But Paulson’s pereference is that he should get a 25 billion dollar low- interest loan set up by an Energy Department in September.
So my opinion on this whole thing is that GM should not go in wiht the Cererus company. Because that will mean they unemployed will go up. But if they get the 25 billion dollar loan then they will only have what 25 months to make something happen, and if they don’t then you will still have the problem of the people being unemployed. So i think the Government should help the auto industry out and try to keep them going.
Homeland Security Detect Terrorist Threats by Reading Your Mind
Posted on November 10th, 2008 at 10:21 am by angelapearson and tagged debt, Homeland Security, malintent, Terrorist
The Homeland Security is trying to prevent terrorist attacks. They built a new system called malintent. They did a screening of some odd people and out of that they could pick up people who had bad intentions on their mind. This system is not like a polygraph test, it is more like an X-ray for bad intentions. It is about the size of a trailer or large truck bed. It can detect between people who are just nervious, or from people who have bad sweating problems or just the ones with the wrong ideas. It detects the heart rate, pulse, and high body temperature.
I think this could be a pretty good idea, if it did not take this world into further deabt. I dont think we will ever have much terrorist again like in a airport because it was already done. They need to look forward to the next step and see something like what could happen, but in all reality nobody will ever really know. They can take as much precautions, but it will happen. So it is a good idea. Just hope that the world does not go into more debt than it already is.
Election Results
Posted on November 6th, 2008 at 9:57 am by angelapearson and
The election results was Obama 349 and McCain 163. That pretty much explains who won president of the United States. History was made on November 4, 2008. The first African American President of the United States. Obama said we need a change, and there is hope. He plans to change the counry so lets hope he does it. He wants to end race now. Hopefully with him becoming the first African American it will change.
The election was truley breath taking. Barack Obama will hopefully make a good president. Yes i do agree that we need change, and maybe he can be the one who will help us. But with him being the first African American, and with people still favoring their own race, it could cause many problems in the country. The President will hopefully take care of all the problems that Bush caused, and will take us out of debt.