Writing Resources
From what I know about General Motors is that had been around for about 101 years make cars In the 1970 and 1980 the company started having financial issues but not as bad as it was in 2007 General Motors was already billions in debt and when gases prices rise and the economy collapse kill the income When no bank would lend them they went to the government for a bailout rescue and at first they were denied because they had no business plan The second time General Motors can to the government again without a business plan this time they got billions in loan and 101 days to come up with a business plan When General Motors had a good enough plan for the government they got the bailout But with General Motors accepting the government bailout a lot of people lost their jobs dealerships and factory were shutdown If I were the CEO of General Motors I probably wouldn't have accepted the government bailout I don't have the heart to put hard working people out of work But by me doing this I would consider this a Personal Egoism decision because I’m only doing this so that I don't feel guilty about putting people out of work
