Obama Making Sales Pitch for Auto Bailouts to Skeptical Voters
President Barack Obama flies to the heart of the U.S. auto industry today on a mission to convince taxpayers that their investment in the bailouts of General Motors Co. and Chrysler Group LLC will bring a return.
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Source: Obama Making Sales Pitch for Auto Bailouts to Skeptical Voters
Quote from the article:
Heading into a congressional election season in which polls show the public skeptical about the $84.8 billion rescue and anxious about economy, Obama is using the backdrop of Detroit- area plants owned by GM and Chrysler to promote what he says is an industry revival that has saved more than a million jobs. Obama previewed the argument he’ll make in an interview broadcast yesterday. “We are going to get all the money back that we invested in those car companies,” Obama said on ABC’s “The View” program. The industry’s resurgence “tells a good story” about the U.S. economic recovery, he said. Many voters don’t see it that way now. A Bloomberg National Poll conducted July 9-12 that shows the federal assistance package to automobile companies is becoming less popular: 48 percent say they had become less supportive in recent months versus 17 percent who say they have become more supportive. |
Source: Obama Making Sales Pitch for Auto Bailouts to Skeptical Voters
