"It's A Good Thing Obama Saved the Auto Industry"

[Cha]

Quote:Remember a few years ago, when the American auto industry was on the verge of collapse? When Republicans said the Obama administration’s risky strategy would fail and Mitt Romney said we should “let Detroit go bankrupt” and we could “kiss the American automotive industry goodbye” if Obama’s policy moved forward?

We can all be very glad right now that Republicans were wrong. The auto industry is one of the economy’s few bright spots.

Quote:After a massive restructuring and several high-profile bankruptcies, a leaner, more aggressive auto industry is making a comeback, hiring workers and ramping up manufacturing plants. From a trough two years ago, Ford Motor Co., General Motors Co., Chrysler Group and other auto companies have added almost 90,000 manufacturing jobs, a 14% increase, according to federal employment data.

Quote:I continue to think of this as one of the Obama White House’s best success stories, even if it’s largely overlooked by the political world. Two years ago, NBC News established a tough benchmark: “As the GM bailout goes, so goes the Obama presidency.”

Well, the rescue policy worked.

http://www.washingtonmonthly.com/politic...p#comments

Imagine if our auto industry were left in free fall and they were still falling.

[yowzayowzayowza]

Repubs seemed more intent on shaking down the unions than actually killing the auto industry.

Thx for the post!

[Cha]

KICK!

[firedupdem]

I lived in Michigan for more than 20yrs. I would have never thought they would have elected Snyder, or any other republican after they did nothing to support the auto industry. Still in a state of disbelief.

[Cha]

(08-28-2011 07:00 PM)firedupdem Wrote:  I lived in Michigan for more than 20yrs. I would have never thought they would have elected Snyder, or any other republican after they did nothing to support the auto industry. Still in a state of disbelief.

Seems they're sorry now but that's not helping Michigan.