Obama Takes Credit For Auto Industry Comeback During Visit To DetroitIf not for his bailout, "GM and Chrysler would not exists today," the president said.
Michigan Republicans: Obama Taking Credit For Auto RevivalParty Chair Bobby Schostak says it was the hardworking men and women who design, build and sell cars made that happen."
President Obama Promotes Auto Industry Bailout As A Policy That WorkedSpeaking in Wayne, Obama praised the 2009 federal auto bailout, calling it a success story that shows government can work.
Government Report Says US Lost $11.2B On GM BailoutThe estimate comes from a quarterly report to Congress by a government watchdog and is up from a previous estimate of $10.5B.
Government Sells Remaining Stake In GMThe U.S. government ended up losing $10.5 billion on its bailout of General Motors, but still says the alternative would have been much worse.
Government Needs $95.51 Per Share To Break Even On GM Bailout"There's no question that Treasury, the taxpayers, are going to lose money on the GM investment," said Special Inspector General Christy Romero.
Treasury To Sell 30 Million Shares Of GM StockThe U.S. government plans to sell another 30 million shares of General Motors stock in a public offering on Thursday as it speeds up efforts to divest itself from a stake in the auto giant that it got in a bailout four years ago.
Government Sold $621M Worth Of GM Stock In MarchThe Treasury Department says it sold $621 million worth of GM common stock last month -- likely about 22 million shares.
General Motors To Buy Back 200M Government SharesGeneral Motors, trying to clear the stigma of being partly owned by the U.S. government, will spend $5.5 billion to buy back 200 million shares of its stock from the treasury.
Opinion: Romney's Desperation Showing In Final Days Of CampaignAs the campaign draws to a close it has become very apparent that Obama will return to the White House and that Harry Reid will lead a Democratic Senate.
Opinion: Auto Manufacturing Is Back In America. Obama Was Right, Romney Was Wrong.Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Opinion: The Auto Bailout Wasn’t A Safe Financial Deal For AmericaYes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.