The Deal That Saved Detroit (and Banned Strikes)
President Obama is, as AP puts it, “wearing his decision to rescue General Motors and Chrysler three years ago as a badge of honor” on his re-election campaign. It saved jobs and working communities, brought the US auto industry back from the brink. In January, US auto sales were up 11 percent over a year ago, and a proud president was cooing to the college students of Ann Arbor, Michigan:
“The American auto industry was on the verge of collapse and some politicians were willing to let it just die. We said no.… We believe in the workers of this state.”
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