Democrats Press Success of Auto Bailouts
Youngstown Business Journal – U.S. Sen. Sherrod Brown, D-Ohio, says that the auto industry bailouts orchestrated by the Obama administration two years ago helped save thousands of manufacturing jobs in the Buckeye State and likely averted a depression.
And, the senator said, new vehicles such as General Motors Co.’s Chevrolet Cruze deserves some of the credit for putting the industry in Ohio back to work.
“Our efforts were aimed at far more than saving two of the Big 3,” Brown said. “They were about the livelihoods of independent auto suppliers and thousands of workers in the state.”
The senator made his remarks Thursday during a conference call with reporters in advance of President Obama’s visit today to a Chrysler plant in Toledo.
While the bailouts of GM and Chrysler helped keep open large-scale auto manufacturing operations such as GM’s Lordstown Complex, they also secured a future for workers and companies in Ohio that supply the industry, Brown said.
