GM is terminating its Pontiac division. But the rest of the company will survive.
AIG came at the tail end of the Bush administration. Since then, bailed-out companies have been surviving. The three major banks -- Citigroup, Bank of America, Chase -- are now running in the black.
Obama is lowering tax rates on most Americans. No one is in a 70% tax bracket. In fact, the wealthiest Americans have so many tax dodges and off-shore shelters that they now enjoy the lowest tax rates of all. Warren Buffet says that his tax rate is lower than his secretary's.