Jump to content

Obama hopes to change views on auto industry bailout


Geee

Recommended Posts

obama-hopes-change-views-auto-industry-bailout
Washington Examiner:

President Obama is hoping to change voters' views of his controversial bailout of the auto industry and turn his own political liability against Republicans amid signs that U.S. automakers are rebounding.
At the height of the bailout rage -- when the government pumped billions of dollars into General Motors and Chrysler despite a Republican outcry -- it would have been difficult for liberals to craft a winning political message defending big-government spending.

But now that Chrysler has repaid its $5.1 billion loans six years early, Obama is traveling to one of the company's plants in the battleground state of Ohio this week to make the case that the bailout was good for the auto industry and the ailing American economy.

For the White House, the improving auto industry offers an opportunity to rebrand massive government spending and the president's agenda in a positive light. Administration officials see the effort as a cornerstone of the president's re-election bid, particularly in the Rust Belt and other states with deep stakes in the auto industry.

"Supporting the American auto industry required making some tough decisions, but I was not willing to walk away from the workers at Chrysler and the communities that rely on this iconic American company," Obama said in hailing the repayment of the multibillion-dollar loan.

Some analysts, however, said that could be a tough sell for the White House.snip
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 1714399886
×
×
  • Create New...