Pass-Ed's Living Textbook
| Bush Seeks Bailout Welcome to Pass-Ed Feel free to use our lesson plans!! |
September 20, 2008
The Washington Post is running an article entitled, "Bush Administration Seeks
$700B for Economic Bailout." According to the article, the Bush Administration
sent a legislative package to Congress today that represents "...the most sweeping
government intervention in the markets since the Great Depression. (The
package) was $200 billion higher than lawmakers had been told yesterday to
expect. It also does not include the $200 billion that officials said earlier this
month the government will spend on the rescue of Fannie Mae and Freddie
Mac." The article further states, "The timing of the administration's plan reflected
in part mounting concern about money-market mutual funds, which were widely
regarded as safe havens until the bankruptcy of Lehman Brothers caused a major
fund to post a loss this week. Officials feared a massive run as investors
withdrew about $200 billion during the week, including $50 billion on Thursday,
according to Crane Data, which tracks the industry."
Read the Article!!
Discussion Questions for Younger Children
If your mom or dad gives you a little bit of money to buy something and you lose
the money do you think that your mom or dad should give you more money to
buy the same thing? Why/why not?
Do you think that store owners like it when you buy things at their store?
Why/why not? How do you think a store owner would feel if he knew that you
had wanted to buy something at the store but lost the money? Why would he/she
feel this way?
Where do you think is the safest place to keep money that somebody gives you?
Why is this the safest place?
Has anybody ever lent you money? What did they lend you the money for? Who
lent it? Did you return the money? Why did you return the money
Discussion Starters for Older Students
Vocabulary terms to discuss: "Mortgage Securities"; Intervention; "Market Guy";
and, "Corporate Finance."
The article states, "The plan would allow the government rather than the cold
judgment of the marketplace decide the winners and losers from the crisis..."
How will this plan allow the government to determine the winners and losers
from the crisis? Do you think that the government should support banking
institutions financially so that they don't go bankrupt? Why/why not?
Respond to the following statement: "Perceptions towards the market economy is
as important as anything else when it comes to the successful development of a
market economy." Explain! What does it mean for a market economy to
develop? What prompts this development? Why might perceptions be so
importants?
What can we learn about President Bush from this article? Explain! Do you think
that the President means well? Explain! Does it matter if the President means
well? Why/why not?
The Washington Post is running an article entitled, "Bush Administration Seeks
$700B for Economic Bailout." According to the article, the Bush Administration
sent a legislative package to Congress today that represents "...the most sweeping
government intervention in the markets since the Great Depression. (The
package) was $200 billion higher than lawmakers had been told yesterday to
expect. It also does not include the $200 billion that officials said earlier this
month the government will spend on the rescue of Fannie Mae and Freddie
Mac." The article further states, "The timing of the administration's plan reflected
in part mounting concern about money-market mutual funds, which were widely
regarded as safe havens until the bankruptcy of Lehman Brothers caused a major
fund to post a loss this week. Officials feared a massive run as investors
withdrew about $200 billion during the week, including $50 billion on Thursday,
according to Crane Data, which tracks the industry."
Read the Article!!
Discussion Questions for Younger Children
If your mom or dad gives you a little bit of money to buy something and you lose
the money do you think that your mom or dad should give you more money to
buy the same thing? Why/why not?
Do you think that store owners like it when you buy things at their store?
Why/why not? How do you think a store owner would feel if he knew that you
had wanted to buy something at the store but lost the money? Why would he/she
feel this way?
Where do you think is the safest place to keep money that somebody gives you?
Why is this the safest place?
Has anybody ever lent you money? What did they lend you the money for? Who
lent it? Did you return the money? Why did you return the money
Discussion Starters for Older Students
Vocabulary terms to discuss: "Mortgage Securities"; Intervention; "Market Guy";
and, "Corporate Finance."
The article states, "The plan would allow the government rather than the cold
judgment of the marketplace decide the winners and losers from the crisis..."
How will this plan allow the government to determine the winners and losers
from the crisis? Do you think that the government should support banking
institutions financially so that they don't go bankrupt? Why/why not?
Respond to the following statement: "Perceptions towards the market economy is
as important as anything else when it comes to the successful development of a
market economy." Explain! What does it mean for a market economy to
develop? What prompts this development? Why might perceptions be so
importants?
What can we learn about President Bush from this article? Explain! Do you think
that the President means well? Explain! Does it matter if the President means
well? Why/why not?
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