Dow Heads South After Obama's Car Talk
The stock market skidded about 250 points on the day that President Obama rejected Detroit's restructuring plans and suggested that General Motors and Chrysler may need to file for bankruptcy.
While Obama spoke of an auto industry that can survive and eventually thrive by making tough decisions, investors were jarred by Obama's tough talk and tough action.
Over the weekend, the president forced GM's CEO Rick Wagoner to resign.
And today, Obama gave the two struggling car companies more time to... Full Story
Contribute | Do you have more information about this topic? If so, please click here to contact the editors of ABC News.
849 Comments | Add Yours
