Lani Cajulis
English 101 Section 0459
O’Connell
Final Essay Outline
What I did?
For my final essay, my topic is “The Outsiders”, Chapter 4 of Cullen
Murphy’s “Are We Rome?” It is about Rome and America’s view of self
and how they both look at the rest of the world. I talked about how
the 3 superior Roman Legions suffered humiliating defeat against the
invading barbarians due to overconfidence and arrogance. I compared
it with William Shakespeare’s Antony and Cleopatra where Antony is
depicted as the formidable Roman General with fearless leadership
that
won great battles for his country but later on, lost his fame and
glory because he was defeated by his own passion for Cleopatra, an
Egyptian Queen and not of his country. I also compared this Chapter
with America’s view of self and, a vivid picture of it would be the
major financial dilemma of the Big Three Automakers particularly:
GM,
Chrysler, and Ford which were once the world’s dominant motor vehicle
producers and once a driving force to America’s economy that created
millions of jobs to its citizens.
Why I did it?
I chose the Big Three issue because of its climatic effect on the
worsening economic instability of this nation. I am deeply concerned
as millions of Americans are right now because the auto industry is
on
a brink of a catastrophic collapse that would put millions of people
out of job and would further drag the economy in a sink hole. The
lawmakers and the White House are still hopelessly finding the right
measures to rescue the industry but the price at stake is too
overwhelming for the taxpayers to shoulder the proposed bailout fund
of 14 billion with no clear guarantee of returns. Decisions are torn
between the responsibility of saving the industry and the
responsibility of protecting the taxpayers’ money. I think either
which way, America is on the losing end.
What did I learn?
That the trouble in the industry started in the 1970s when automakers
in Japan reflected on the smaller car versions. After World War II,
80% of auto demand was dominated by the US automakers followed by UK
with a very distant percentage, and Japan with a much smaller
percentage. By 1980s, the foreign manufacturers became more
competitive and the trend changed with the consumers who looked for
product quality and reasonable price. Then the oil price hike soon
followed which slowed down economic growth and cut down demands for
luxuries such as larger cars with higher cost of maintenance and
higher cost of parts. Consumers began to prefer smaller and
economical cars with fuel efficiency. I am appalled and dismayed by
the too much arrogance of the corporate heads of these automakers and
the government’s failure to establish stronger policies. How could
the CEOs have not perceived the trend that was going on for so many
years and restructured the business before it’s too late? And why
the
previous government leaders did not step in right away to stabilize
the industry? It is true that these automakers created millions of
jobs for generations of American families and ironically, they are
about to cause the deaths of these generations.
What else could be done?
One million dollar would be an austere fund these days to start on a
big project but, I would create a group of young economists and
strategists who would brainstorm to divert on new trades that can
provide jobs and can contribute to the economy. For the Big Three, I
think that the only solution is to have the corporations merge as
one,
downsize, and have a federal appointed heads take over its
management. The automakers’ financial crisis is beyond rescue and I
don’t think it is worth to risk a huge investment into a business no
longer profitable to the economy.