I can remember Lee Iococca rescuing Chrysler from demise in the 1970s. Wow, I think we thought it was amazing how one man could rescue a company that played a major role in the economy of Michigan, if not America.
Enter Barack Obama. It appears that he has trumped Iococca by rescuing the entire US auto industry. But, do you hear John Boehner speaking of the rescue. No, he and his cronies are too busy talking about tax cuts for people who pocket the cash, not spend it on job creation and manufacturing. Just remember, it was the likes of Eric Cantor, Mitch McConnell and Boehner who implemented policies that brought America to its economic edge. Smiling the whole time.
Please keep that in mind when you go to the polls in a few months. Eight years of economic mismanagement got us to the point. We now have to take the medicine for what ails us. That means the hard times will continue a little longer. But, think about it. Are we looking for a quick fix or a lasting fix?
Think about it. Think seriously. America's future may be in the balance. The obscenely wealthy (many who have run great companies into the ground and walked away with golden parachutes) aren't really feeling the pinch. Are you? Do you know anyone who is? Medicine isn't tasty but it gets the job done. I think the auto industry is a good example of what Obama's medicine will do. It will heal what ails us. Yes it can!
1. US auto industry: how the Big Three got going again. Obama's tough-love rescue of the American automotive industry is a huge success. [Guardian]
2. At Chicago Ford plant, Obama says critics lack faith in Americans. [The New York Times]
3. Obama lauds Ford's bid to boost auto exports, including 2011 Explorer. [The Christian Science Monitor]
4. Chrysler announces they will add 900 jobs at suburban Detroit plant. [The Christian Science Monitor]
5. Obama: Detroit auto bailout was unpopular, but it worked. [The Christian Science Monitor]
6. Obama says administration couldn't afford to 'walk away' from auto jobs. [Bloomberg]
7. Auto dealers praise bailout. [The Denver Daily News]
8. After a flat June, auto sales pick up in July. [Los Angeles Times]
9. New models, trucks spur auto sales. [Detroit Free Press]
10. What Ford, Chevy truck sales say about the economy. [The Street]
11. GM CEO expects to sell all stock in 1 batch. [MSNBC]
12. Electric cars face bumpy road to acceptance. [MSNBC]