The 2008 economic collapse in the U.S. led to what many experts call the worst recession since the Great Depression. Among the many casualties of the recession was the U.S. auto industry, which (arguably) was saved thanks to $25 billion in cash from the Bush Administration in 2008 and another $60 billion from the Obama Administration in 2009.

The Detroit News reports that 51 percent of Americans opposed the bailouts, with more Republicans being against the moves than Democrats. We're guessing far more Michigan residents were in favor of government intervention than the U.S. at large, and the Obama Administration is looking to capitalize on the move with a pro-bailout commercial.

The ad, which can be viewed after the jump, will run in Michigan throughout the weekend. The ad is hitting the airwaves as Michigan voters prepare to vote in the state's Republican primary. Every serious Republican candidate is on the record as opposing the bailout.



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  • 103 Comments
      xmailboxcancerx
      • 2 Years Ago
      Uuuuuuuuuggggghhhhhhh.
      daaviator22
      • 2 Years Ago
      The auto industry bail out is nothing compare to banking industry. The banking industry had 17 trillion dollars bailout, which was kept secret from the public. To put this in protective, it's like comparing Usain Bolt to your local high school track star. It' s like comparing your bank account to Bill Gate's bank account. If we were to give the auto industry 250 billion, it still wouldn't be nothing compare the banking industry. To make matter worst, some of the banks were foreign. It's impossible to cry over the auto industry because you wouldn't have any tears after hearing about banking industry. Google "17 trillion bailout" or "2011 GAO audit of Fed Reserve." If you are a conservative, you should be outrage over this.
      Avinash Machado
      • 2 Years Ago
      So much mud slinging.
      Jerry Groff Jr.
      • 2 Years Ago
      What crap. Another democrat flim flam. Yes, the Republics said go bankrupt. File bankruptcy, reorganize, tell the UAW to go screw, and get rid of the legacy cost. Oh no, Obama and his merry band of socialist gave the 25 % of GM to UAW for payback of support. But first he muscled the corporate bond holdovers (think Chicago style politics) screwed them over, gave the loans, handed over part of the corporation to a union. AKA...the dirty little secret the main stream media (liberal) will not talk about. The real reason GM saved itself was the white collar workers, they want to save their jobs. Go ahead and vote for Obama again like the "hope and change" zombies in 2008. Ya know, inflation, high unemployment (a real 10 % not 8.3 % via cooked numbers), high healthcare costs, high fuel prices, the banks not lending money, oil pipeline projects shut down, no new jobs, and crappy 401K performance.
        William Flesher
        • 2 Years Ago
        @Jerry Groff Jr.
        You are operating under the false assumption that Americans in general don't understand what socialism actually means. Most of us are aware that everything from the local Fire Department to the Armed Forces to Medicare are socialist institutions. You may pick and choose among American institutions that you support or oppose, and vote your conscience at election time. But to simply label someone or something "liberal" , "socialist", "zombie", or "crap" is NOT going to change anyone's heart or mind.
        Zoom
        • 2 Years Ago
        @Jerry Groff Jr.
        you dont understand. if gm/chrysler had gone bankrupt, they would have to liquidate. there were no investors in 08/09 willing to come in and put money down. credit was all tied up. typical spewing of Faux Noise falsities.
          Jerry Groff Jr.
          • 2 Years Ago
          @Zoom
          I or any conservative never had a problem with loans. The big 3 are important to the US economy, no one them to go down. The suck up to UAW and screwing the corporate bond holders is what I did not like.
        ctsmith1066
        • 2 Years Ago
        @Jerry Groff Jr.
        Inflation is actually lower than normal (there will always be inflation to some degree). We do have high unemployment... resulting from the *recession* that began in 2008. The Affordable Care Act hasn't even taken effect yet. Fuel prices would be high no matter who is President. The pipeline would have only a marginal impact on fuel prices, fuel availability, and the economy, if any at all. The stock market (you know--that thing that most 401ks invest in) is at its highest point since the recession began.
          Jerry Groff Jr.
          • 2 Years Ago
          @ctsmith1066
          Have you been to grocery store lately?? Apparently you have a job, but a lot of skilled and semi-skilled cannot find a job. However since you are hip to political talking points, you may unemployed and typing out your answers dressed only in underwear while drinking cheap coffee. Again wait until Obamacare hits us. According to my contacts at two health insurance companys, the cost will be passed along to consumers. Dude, the pipeline would have an effect on the economy. 20,000 direct jobs to construct the pipeline along with jobs associated with equipment builders. Plus, jobs will be created to maintain and operate the pipeline. The pipeline is infrastructure and new infrastructure has always benefited this country. If the stock market is so good, why are many baby boomers postponing retirement. Oh, they want to work until they drop.
        Carbon Fibre
        • 2 Years Ago
        @Jerry Groff Jr.
        Thank you. Readers here are ignorant.
      fat
      • 2 Years Ago
      Obama is a self hater. He only checked the Black box on the 2010 Census. Plus, he launched African Americans for Obama and not European Americans for Obama even though a European American woman gave birth to him. http://www.youtube.com/watch?v=BdjoHA5ocwU
        Shiftright
        • 2 Years Ago
        @fat
        Blame US culture where anyone with even a trace of black ancestry is automatically considered black, like they've been tainted or something. Mariah Carey, black? Really? In other countries, they make distinctions like mulatto, but ultimately why should it even matter?
        scocrmch
        • 2 Years Ago
        @fat
        Your username says all there is to know about you, doesn't it?
        fat
        • 2 Years Ago
        @fat
        http://articles.latimes.com/2010/apr/04/nation/la-na-obama-census4-2010apr04
          ravenosa
          • 2 Years Ago
          @fat
          I hope your cable guy comes to fix whatever problem is keeping you from watching FauxNews...
        • 2 Years Ago
        @fat
        [blocked]
      fat
      • 2 Years Ago
      "Obama reelection campaign launches UAW bailout commercial" there fixed it for ya. Obama has also openly asked blacks to vote for him, proving he's not only a Socialist but also a Racist. http://www.youtube.com/watch?v=BdjoHA5ocwU
        scocrmch
        • 2 Years Ago
        @fat
        Go drink some more tea.
          Shiftright
          • 2 Years Ago
          @scocrmch
          Actually, maybe take a long bath in said tea
        OptimusPrimeRib
        • 2 Years Ago
        @fat
        It's not like he told black people that they should demand more pay checks and not food stamps or that his blacks are better than the other side's blacks. Or that Spanish is the language of the ghetto.
        Quen47
        • 2 Years Ago
        @fat
        You accuse the President of being a socialist and yet you are a cheerleader for any Chinese car that rolls down the pike. Hmmmm
      fulredy
      • 2 Years Ago
      So Michigan voters, how's that bailout working for you all? GM is now owned by the unions thanks to Obama.
        Renaurd
        • 2 Years Ago
        @fulredy
        Working out pretty damn well I would say, thousands of jobs saved and thousands more being created. By the way, how do you sit down with your head up your bumpershoot.
        darkness
        • 2 Years Ago
        @fulredy
        Utterly false
        theblackporsche
        • 2 Years Ago
        @fulredy
        Being a Michigan voter, it has been fantastic. I can't even imagine how bad my home state would look if GM and Chrysler went under. So many other industries would have been impacted if they went under. Now, we're actually seeing job growth here. Thankfully, Obama found the rare democratic courage to continue with what, surprisingly, George Bush started.
      Renaurd
      • 2 Years Ago
      I've voted Republican all my life but George W broke me from ******* eggs, the GOP I knew got buried somewhere in Baptistville. I believe they would fight a war on every continent, all at the same time, that is if their kids don't have to participate. If you don't look like them, think like them, then something's wrong with you, and you better never have sex in the daylight, but if you do, SOMEBODY BETTER HAVE A KID BY DAMN. No more, that's not for me.
      Joe
      • 2 Years Ago
      AM I THE ONLY ONE WHO REMEMBERS THAT GM AND CHRYSLER STILL WENT BANKRUPT AFTER OBAMA DUMPED BILLIONS INTO PAYING OFF UNIONS NOT BOND HOLDERS???????
      infinitehyphen
      • 2 Years Ago
      Thank you Chris Shunk for contributing to the decline of this website.
        • 2 Years Ago
        @infinitehyphen
        [blocked]
        carboy55
        • 2 Years Ago
        @infinitehyphen
        Not nearly as fast as whiney control freaks do. Move on and deal with it. It's relevant.
      Steven Roby
      • 2 Years Ago
      Presidents Bush and Obama wisely save the American Auto Industry. Without them, there would be not only two less OEMs (i.e. only Ford would have survived, by shear luck (perhaps forsight) of Alan Mulally and Bill Ford) but also five to ten less Tier One suppliers. I am so certain GM and Chrysler would have been liquidated in bankrutpcy, through predatory actions of creditors and their lawyers, as would have several well regarded Tier I's that had absolutely nothing to do with the economic disaster that befell the global auto sector, and left them without capital at a critical time when the housing and banking sector imploded. I will be forever grateful to Presdient Bush and President Obama for having courageously stepped up to save "Detroit" while others throughout the United States were callously gloating as they watched our greatest producers of wealth disintegrate. So many Republics use our auto sector to somehow score points in their race to the bottom. Anybody who thinks Presidents Bush and Obama were wrong simply do not know how complex our automotive sector is, OEMs and Tiers I's and II's alike, and how enormously complex global competition is. Saving the auto sector save the heart and soul of our country. Respectfully, Steven Roby
      drewski
      • 2 Years Ago
      The United States Treasury owns roughly 500 million shares of common stock in General Motors. (Source: U.S. Treasury) The Treasury would need to sell these shares at roughly $53 per share in order to "break even" on the investment. As of today the stock is at $26.07 or the US taxpayer is on the hook for $13,466,757,290.22 So yes we saved GM, but at a hefty price. Where was this Government when my company went under during the "DOT COM" crash. Don't remember the UAW pitching in. Now my taxes are used to bail out (pay) someone else (Union). They should of filed for bankruptcy and straightened their mess out.
        Zoom
        • 2 Years Ago
        @drewski
        Shareholders of the old GM lost out just like you did in the dot.com bust. The price was well worth saving more than 1 million jobs.
        kontroll
        • 2 Years Ago
        @drewski
        when will we as a nation get the billions of dollars me and my fellow tax paying americans pissed away on the "cash for clunkers" program from which all the asians and european POS benefitted...?? When you moron give me an answer to my question I will give you one for yours... Until then STFU!!!
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