All Posts Tagged With: "Auto industry bailout"
The White House administration took another step in its plan to shed its ownership in General Motors. A plan was initiated to sell the 300 million shares it has remaining in the Detroit-based automaker. The U.S. Treasury last month sold nearly 200 million common stock shares back to the automaker and has now announced its [...]
On Wednesday, the Treasury Department said it expected to end its bailout of $49.5 billion of General Motors over the next year to 15 months. The exit by the Treasury Department will most likely be at a large loss to taxpayers. At this time, the Treasury has close to 500 million shares of stock in [...]
Republican presidential candidate Mitt Romney often boasts about how good of a job creator he is. However, he may be stretching the truth too far in Ohio and it could cost him dearly. Romney desperately needs to win Ohio, but he is being called out by two automakers for lying in an ad. Romney faces [...]
The bailout by the Obama administration of General Motors was a hot topic that divided the two presidential candidates at the presidential debate on Tuesday night. There were a wide variety of different issues discussed at the debate including foreign policy, the economy along with healthcare and the auto industry. However, one of the hottest [...]
During his weekly Saturday Internet and radio address, President Barack Obama gave himself praise for his decision to help bail out the U.S. automobile industry early during his White House administration. He told listeners that now the industry is one of the leading job creators in the country. Obama said that today sales of autos [...]