General Motors and the hope of tax payer’s
The USA and the whole world are facing a big and severe crisis. It had started in the “heart” of the global economy, the United States. Its president, Barack Obama, is doing lots of effort to try to prevent the total loss of credibility and money in the north america economy.
Criticism will always exist, like what happened when the presindent helped General Motors with tax payer’s money. If he hadn’t done this, problems probably would get worst, and maybe the US would be facing a heavier recession than is facing now. In this case the government’s intervention was necessary to avoid the collapse of GM. It could have provoked a new wave of banks shutting down. Also, GM will become more competitive, with new and modern cars.
But these critics that spreaded out has a point that should be analyzed very carefully. If GM restructure succesfully, it’ll benefit the american economy, and the government will make profit, but if the opposite happen the economy can be damaged, and the tax payer’s as well.
The american society will, from now on, look very closely to these process of trying to re-emerge the company, longing for good news.


