Current Bailout News Results

No Lobbying Help for the Little Guys
Trade groups are silent on a $30 billion fund to spur lending

Greek Villas Are Going Begging
Luxury homes in Greece are being deeply discounted because of the debt crisis

US growth slows fueling recovery fears
US economic growth slowed dramatically in the second quarter, the government said Friday, stoking fears that the recovery is losing steam and fueling a fierce political debate over how to respond.

The Real Recovery
The most irritating call or e-mail I get is usually from someone saying, "I can never buy another car from General Motors or Chrysler, because the government bailed out those firms." In many cases comments follow involving President Obama and "Government Motors." (Ford, which didn't need any taxpayer funds to keep its financial recovery on track, has benefited from this mindset.)

Business Highlights
Bleak outlook for economy as growth slows

Obama hails auto bailout as good news in Michigan
DETROIT (AP) - A year after the government's big auto-industry bailouts, President Barack Obama on Friday trumpeted increased car sales and progress on battery-powered vehicles as a beacon of success in his administration's battle to revive a hurting U.S. economy.

President Obama Drives 2011 Chevrolet Volt, Takes on Task of Auto Critic
President Obama took what must have been the shortest presidential test-drive on record when he got behind the wheel of a black Chevrolet Volt on Friday. He only went about 40 feet, according to GM.

Don't Be Fooled By Idea Of Bank Bailouts
FDIC Chairman Sheila Bair says future bank bailouts won't likely happen. The big banks will be allowed to fail.

Chrysler Success Motivates Obama & Faith in Auto Industry
Chrysler continues to be successful, and as a result, U.S. President Barack Obama Friday said helping the auto industry was the right thing to do and that belief has been "vindicated." Obama traveled to Detroit and sat in a new Jeep Cherokee before addressing Chrysler workers Chrysler Jefferson North Assembly Plant. read more

Did Obama Save Detroit?
President Obama swooped into Detroit on Friday to promote his administration's auto bailout a year after the carmaker bankruptcies. Speaking at a Chrysler plant, he criticized the Republicans' opposition to propping up the beleaguered industry. "If some folks had their way, none of this would be happening," he said. "Just want to point that out. Right? This plant and your jobs might not exist ...