Government Taking Over Firms

Comprehension
1. Why has the government taken over some U.S. firms?
The nation is in an economic crisis. Taking the firms keep the nation moving.
2. What firms has the government taken over?
The government has taken the mortgage lenders Fannie Mae, and Freddie Mac, and it has also taken AIG.
3. What is a bailout?
A bailout is when a government takes over a firm and and giving the company money so that it wont fail.
4.Why does David Walker have doubts about the bailout?
Because the government doesn't have enough experience.
5. What did Daniel Mitchell say about the bailout?
He said "It appears they're doing the wrong thing in the best way possible"

Discussion Questions
1. Do you think it is a good idea for the government to take over and run some U.S. forms? Why or why not?
I think its some what good for the government to take over the firms because it keeps company going and it's a definite that the company won't fail or go bankrupt. But on the other hand the government doesn't have enough experience handling a company, so it could lead to a bad ending.

2. Would you agree with Daniel Mitchell that government officials are "doing the wrong thing in the best way possible"? Why or why not?
I do feel that the government is doing the wrong thing in the best way possible because they are just throwing ideas out there thinking its the only way how to fix the economy. The article also states that one of the senators said that the government will make a lousy job. Its coming from a senator and if he thinks that then everyone can.