In President Barack Obama’s weekly radio and Web address, he stated that the car industry bailouts, which were heavily criticized by conservatives, have paid off.
Nevertheless, Obama said that this report about the improvements in the car industry doesn’t mean that there’s a reduced need for Wall Street changes. He said that he will continue to push for an overhaul of US financial regulations. The taxpayer-funded bailouts of Wall Street were started in 2008 by former President George W. Bush.
Read Article