Bailing out GM, Chrysler kept auto industry alive, senator says

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Bailing out GM, Chrysler kept auto industry alive, senator says

Dayton Daily News – Bailing out General Motors and Chrysler saved thousands of jobs nationally, Sen. Sherrod Brown and an Obama administration official said this week ahead of Obama’s visit Friday to a Chrysler facility in Toledo.

The president focused on the turnaround in the auto industry and how the government has recouped much more money than anticipated from the capital it sunk into Chrysler and General Motors two years ago to save them from collapse.

If he wanted validation, he got it from Chrysler employees. “Thank you for bailing out Chrysler,” a woman told him as he shook workers’ hands at the plant’s exit turnstile during a shift change. “Thanks for helping me keep my job,” added another.

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