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On December 2, 2008, General Motors announced that it was considering eliminating numerous brands, including Pontiac, in order to appease Congress in hope of receiving a $25 billion loan.
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On April 27, 2009, GM announced that Pontiac would be dropped and that all of its remaining models would be phased out by the end of 2010.

There were two primary reasons for GM’s decision to dispense with the brand.

1. Pontiac has been unprofitable during the last few years of its existence.
This put Pontiac in a fatal position given that GM was experiencing severe financial problems ahead of its bankruptcy in 2009.
2. Pontiac was selling rebadged Chevrolet vehicles often at a lower price than Chevrolet, thereby not only earning a loss for itself, but also undercutting the Chevrolet brand altogether.

Several GM employees exhibited a last-ditch effort to save the brand, but their efforts proved to be in vain.

The following letter from Susan Docherty, Vice President of U.S. Sales at General Motors dated October 26, 2009, to the editor of Automotive News explains the situation firsthand:

Regarding Robert E. Cherney’s Oct. 19 letter, “Why kill Pontiac? Why keep Buick?”: I’d like to assure your readers that phasing out Pontiac was one of the most difficult decisions of my career but also one of the most necessary.

Pontiac had been unprofitable for several years. A team, many of whom were passionate about the brand, tried in vain to save Pontiac and make it profitable — but none of the scenarios proved viable.

We kept Buick in the General Motors family because it is highly profitable and will grow with new models for the next few years, giving Buick an offering in several sedan and crossover segments.

The Enclave is already a market success, with 50 percent of the buyers brand new to Buick. The 2010 LaCrosse is performing well, attracting younger buyers and those who are trading in imports like Lexus and Acura. And the 2011 Regal, a mid-sized sport sedan, arrives in U.S. dealerships in the spring. The Regal is already a hot seller in China and is based on the highly successful Opel Insignia, the 2009 European Car of the Year. A little further down the road, there will be a compact sedan and a small crossover joining the family.

We feel confident that we chose to save the right brand and that Buick has a bright future ahead.
[...]
General Motors officially announced plans to discontinue Pontiac on April 27, 2009 amid its restructuring and subsequent government-assisted bankruptcy proceedings. The automaker announced that it will focus on four core brands in North America, including Chevrolet, Cadillac, Buick, and GMC. The franchise agreements for Pontiac dealers expired October 31, 2010. The discontinuation of the brand continues to be one of the most hotly-contested topics among Pontiac loyalists, especially on GM Authority.

Democratic presidential nominee Joe Biden has defeated incumbent President Donald Trump, denying him a second term in the White House, Fox News projects, a victory for the former vice president after a bitter campaign and dramatic, prolonged vote count in battleground states sparking lawsuits from the Trump campaign.

It came as the Fox News Decision Desk projected Saturday that Biden will win the state of Nevada and the commonwealth of Pennsylvania.

From the looks of it, Obama was not even president when General Motors considered ending the Pontiac brand.

A team, many of whom were passionate about the brand, tried in vain to save Pontiac and make it profitable -- but none of the scenarios proved viable.

Mr. Obama was directly in charge when Pontiac was actually murdered however...

I’m worried about all the victims of domestic violence who’ll be suffering tonight. They’re the ones who will bear the brunt of Trump supporter’s anger. I hope the police tighten up security around schools and places of worship that aren’t predominantly white.

Shortly after the Associated Press and other networks called the presidential election for former vice president Joe Biden, President Trump released a statement continuing to falsely claim that the election was "far from over."

"We all know why Joe Biden is rushing to falsely pose as the winner, and why his media allies are trying so hard to help him: they don't want the truth to be exposed," Trump wrote in a statement. "The simple fact is this election is far from over. Joe Biden has not been certified as the winner of any states, let alone any of the highly contested states headed for mandatory recounts, or states where our campaign has valid and legitimate legal challenges that could determine the ultimate victor."

It should be noted that concession speeches don't have any legal force, and President-elect Biden will be the next president regardless of whether Trump concedes or not.

It's true that Biden has not been certified the winner by secretaries of state or electors, but the Associated Press and other networks only call a race when they determine the trailing candidate has no possible path to victory.

In the days after the election, Trump pledged to fight on with lawsuits. On Saturday, he said he would continue to battle the results in court.

I'm sure looking forward to seeing this thread slowly retreat into the past.

So Barack Obama is the villain who murdered Pontiac.

Regarding Robert E. Cherney’s Oct. 19 letter, “Why kill Pontiac? Why keep Buick?”: I’d like to assure your readers that phasing out Pontiac was one of the most difficult decisions of my career but also one of the most necessary.

Pontiac had been unprofitable for several years. A team, many of whom were passionate about the brand, tried in vain to save Pontiac and make it profitable — but none of the scenarios proved viable.

The notion that new Tans Ams would have been unprofitable is ludicrous.