honors paper 2 - El-Sharkawy 1Hani El-SharkawyDr. Vecchiola...

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Unformatted text preview: El-Sharkawy 1Hani El-SharkawyDr. Vecchiola Honors 200025 March 2010Policy AnalysisWith todays economic situation, and ongoing troubles in foreign affairs the government has taken action to resolve these issues by coming up with policy solutions. Today it seems as though the government is only proposing economic and foreign policy proposals. The governments at the federal and state level come up with these plans of action to help guide decisions and achieve the right result. The action that the government takes towards a certain issues, and the laws or funding that result is the policy. Detroit suffering from the current recession has seen government policy come into play a lot the past few years from a federal and state level. With the federal bailout for the big three automotive companies in Detroit as well as incentives for people to buy houses, the federal government has taken action to solve Detroits problem, as well as the state government by offering tax cuts and bonuses to businesses opening in certain areas, and there has yet to be policies that havent been tried that may offer a solution.In 2008 following Barack Obamas election as the president, one of the biggest topics in the nation was the economic bailout for Chrysler and General Motors, and whether or not it would be passed. The executives believed that it was important to make sure that the auto industry remained intact or else millions of jobs would be lost. However the senate refused to show the companies the money until the CEOs of GM and Chrysler could show them a plan of action to turnaround. It wasnt until post thanksgiving that the bailout took effect and $82 billion was the total amount given by the government to bailout the companies. In 2009 the thought of El-Sharkawy 2Chrysler and GM being able to avoid bankruptcy started to diminish as the knowledge of how great the 2008 losses were came about. It turns out that poor management, and business tactics were the downfall of the companies and Chrysler and GM filed for chapter 11 bankruptcies before the summer of 2009. The bailout hasnt been a complete failure to date, but based on what has happened it did not achieve its goals....
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honors paper 2 - El-Sharkawy 1Hani El-SharkawyDr. Vecchiola...

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