Obama hails auto bailout as good news in Michigan (AP)

Jul 31st, 2010 | By admin | Category: Politics

President Barack Obama delivers remarks during his visit to the Jefferson North Chrysler Plant in Detroit, Friday, July 30, 2010, where the Jeep Grand Cherokee is assembled. (AP Photo/Pablo Martinez Monsivais)AP – A year after the government’s big auto-industry bailouts, President Barack Obama on Friday trumpeted increased car sales and progress on battery-powered vehicles as a beacon of success in his administration’s battle to revive a hurting U.S. economy. But his upbeat assessment can’t mask daunting challenges for U.S. automakers and painfully high unemployment.


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