Obama working to pitch success of auto bailouts to American public
The Commander-in-Chief will speak to crowds at Chrysler's Jefferson North plant about the positive side of loaning close to $85 billion to two of our country's largest automakers, including the fact that in 2010, the Big Three have re-hired a total of 55,000 of the 334,000 workers it sent packing a year prior. That may seem like a fraction of the total, but the President is certain to point out that without the loans, that job loss figure would have been much higher.
And then there's the matter of getting the federal government's money back. President Obama is also focusing on sharing his belief that a large majority of the country's money will be returned once GM and Chrysler go public once again.
Interested in keeping tabs on Obama's visit to Motown? The Detroit Free Press has a liveblog that you can follow along with (including live audio) by clicking here.
[Sources: Bloomberg, Detroit Free Press | Image: Jim Watson/AFP/Getty]
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