Saturn Ion under U.S. safety review for steering flaw

WASHINGTON (Bloomberg) -- General Motors Co.'s Saturn Ion is being investigated by U.S. auto-safety regulators following at least 633 complaints about sudden loss of power steering.

The U.S. National Highway Traffic Safety Administration is investigating about 384,000 Ions from model years 2004 to 2007, after reports of crashes involving injuries, the agency said today on its website.

The agency said it received four reports of crashes involving the defect, one of which resulted in an injury. GM has received seven reports of crashes, involving two injuries, according to the agency, which cited possible overlap between the numbers reported by the regulator and the manufacturer.

GM discontinued the Saturn brand after filing for bankruptcy last year.

“Customers who have those vehicles have been notified,” said Alan Adler, a spokesman for GM. “And if they have loss of power-steering assist, they can go to dealers and have that repaired.”

NHTSA spokeswoman Karen Aldana declined to comment beyond the agency's statement posted on its website.

GM pays U.S. Treasury $2.1 billion for preferred shares

WASHINGTON (Reuters) -- General Motors Co. has completed the buyback of the government's holdings of GM preferred stock issued in the automaker's bailout for $2.1 billion, the U.S. Treasury Department said today.
The repurchase brings GM's total repayments to U.S. taxpayers to $23.1 billion, including $13.5 billion received from the automaker's initial public offering last month, the Treasury

Bill Clinton the Puppets Hand?

Bill Clinton tosses Obama aside and runs the show himself. Obama introduced Clinton lightly as "the other guy" and recalled how Clinton has overseen heady economic times. Obama warned that he wouldn't be staying long — another White House Christmas party was waiting, as was his wife, Michelle.

I guess the Party was more important to Obama than the public's economy.

Obama doesn't deliver on his promise.

The deal Obama crafted with Senate Republican leaders would prevent the scheduled Dec. 31 expiration of all the Bush administration's tax cuts enacted in 2001 and 2003, even though Obama had often promised to end the cuts for the highest earners.

Obama After more Mo Money!

the media is so funny. They Print "WASHINGTON – President Barack Obama has tough choices to make if he wants Congress to swallow bitter medicine to cut the nation's deepening debt."

Isn't he the one responsible for all the wasteful spending. Now he wants to Tax us to death after giving what we already gave him away. I think NOT!