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Synopsis:
Out to convince voters that the bailout of the U.S. auto industry has been a success, President Barack Obama visited Chrysler's Jefferson North plant in Detroit and the GM Volt electric car facility in Hamtramck on July 30. 2010.
The president said the federal intervention had saved more than 1 million jobs and an industry that's central to America's sense of self-worth. "We would have lost what has been the heart and soul of American manufacturing, what has built a middle class not just here in Detroit but all throughout the Midwest, what has made us proud and has been a symbol of our economic power," he said Friday.
He dismissed critics of the bailout as the "just-say-no crowd in Washington." He noted that GM, Chrysler and Ford a year later all are posting profits, and he told the Volt makers that "you're producing the cars of the future." |
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Information: July 30, 2010 COL 27 min |
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