Showing posts with label auto industry bailout. Show all posts
Showing posts with label auto industry bailout. Show all posts

Sunday, January 10, 2016

President Obama's Weekly Address 1/9/16: America Can Do Anything


WASHINGTON, DC — In this week's address, the President remarked on the incredible progress that has been made in the American auto industry. Just seven years ago, the industry was on the brink of collapse, with plants closing and hundreds of thousands of workers getting laid off. The President made a decision in his first couple of months in office to place his bet on American workers and American manufacturing, implementing a strategy to bring the American auto industry back. Since then, Detroit-area unemployment has been cut by more than half, and automakers have added more than 640,000 new jobs. On January 20, the President will visit the Detroit Auto Show to see this progress firsthand. Because the story of the auto industry is an apt illustration of all that America has accomplished in the past seven years, and all that it can do.



Saturday, June 4, 2011

President Obama's Weekly Address 6/4/11: Growing Manufacturing with the Auto Industry Turnaround

WASHINGTON – Speaking to the American people from a Chrysler plant in Toledo, Ohio, President Obama commended the work of America’s dedicated autoworkers, who have helped reinvigorate the domestic auto industry. Each of The Big Three automakers is now turning a profit, and the domestic auto industry continues to add shifts and create new jobs across the country. When President Obama decided to lend a hand to the American automotive industry shortly after taking office, it was with the understanding that these great manufacturers would have to restructure, modernize and position themselves to thrive in a competitive global marketplace. Now, just a few years after the American auto industry teetered on the brink of collapse, America’s great manufacturers of yesterday have emerged as some of the great manufacturers of today.