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Case Study A Following the 2008 recession, General Motors (GM) and Chrysler in the US filed for bankruptcy. The American government provided financial support. The

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Case Study A Following the 2008 recession, General Motors (GM) and Chrysler in the US filed for bankruptcy. The American government provided financial support. The Canadian governments (Ontario and Canada) provided financial support as well. There are economic and political arguments for and against these actions. Read the sources that follow and determine: a. The causes and effect of the government actions (e.g., budget, debt, deficit). b. The different economic perspectives that influenced the decisions. c. What was the impact on stability and variability? d. Did the Canadian and Ontario governments make the correct decision, from an economic perspective? Read this article, Federal government, Ontario agree on $3.3B auto bailout package from CBC News (Original article) Read this article, Canadian taxpayers lose $3.5-billion on 2009 bailout of auto firms from The Globe and Mail (Original article) For one of the case studies in this activity, write an introductory blog, with header. Checklist Items O A header (name of blog) and title date (and date of last edit), a blog's layout contains a header, footer and content. O Usually there is at least one sidebar running beside the content. O Can contain other images, (and often video and other media). O Can contain links to other posts, both within blog and to the entire web. O Should contain a contact page and form. 3 Should contain an about page. A footer (how to share). O Comment area - it's a communication tool (Did you include at least one comment from a peer?)

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