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Legendary American Car Brand Pontiac Goes Out Of Business

Obama Defends Auto Bailout

President Obama took his high hopes of economic recovery to a General Motors plant in Ohio where jobloss is at it’s greatest. “In the midst of a deep recession and financial crisis, the collapse of the auto industry would have caused enormous damage to our economy,” Obama told an enthusiastic crowd of autoworkers. “So we […]

Taxpayers Face Heavy Loss On Auto Bailout

Taxpayers that invested heavily into motor companies Chrysler and GM will not see the exponential growth they hoped from the government’s auto bailout. The Congressional Oversight Panel announced in a report Wednesday that taxpayers will face a significant loss. According to The Associated Press, the panel did not provide an estimate of the projected loss […]

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