Obama calls GM a "sobering reminder" of U.S. economy woes
As the auto industry goes, so go the livelihoods of countless workers -- both directly employed by the Detroit 3 and indirectly supported by suppliers, dealers and the like -- making today's announcements from GM a "sobering reminder" of the current state of the U.S. economy. Still, Obama holds out hope that the right Federal policies could dig the industry out of the hole it currently finds itself in. What it likely doesn't mean, though, is a bailout, according to Obama's likely opponent, John McCain, and U.S. Secretary of Commerce Carlos Gutierrez.
[Sources: The Detroit Free Press, The Detroit News]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models