Given three months and $25 billion to present a viable business plan, the American car industry came up with…not a whole lot. As a result, GM CEO Rick Wagoner resigned and Chrysler was given 30 days to merge with Fiat. Jon Stewart deconstructs the “Carmageddon” and envisions what a 3 AM phone call to the White House would sound like.

—Gabriela Resto-Montero

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