President Obama celebrates victory over the auto industry bailout plan. On Tuesday in Kokomo Ind. Obama visited a used revitalized Chrysler transmission plant claimed his victory over the auto industry bailout plan. He said that General Motors, Ford and Chrysler have shown great profit growth in market shares for the first time,over there foreign counterparts and this is all due to his administration making the right decision to back them up at the right time.
The American auto industrial is coming back stronger and better than ever! Now is the time St. Louis to buy back into what has made America's economy strong. Buy american cars because we put more quality into our cars to make it a red, white and blue product, we put our name on it! Invest in our stock because theres only one way that were going from here and that is up! General Motors has returned to the U.S. stock market at $33.00 a share. The treasury made 11.7 billion from GM stocks. and it is reported to have been a great success.
Chrysler will be investing $1.1 billion in order to boost production nationwide. Obama said "We made a great decision to stand behind the auto industry we have confidence in the American worker". This is opening up more new jobs in the auto industry for the American auto workers.
Yes the bailout plan have been a great restructuring tool for the big three automakers - General Motors, Ford and Chrysler. The bailout plan that was so highly criticized in the beginning is now getting an honorable mention. Obama said. "So here's the lesson: don't bet against America. Don't bet against the American auto industry."
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