About That Saved Auto Industry

This deed always appears on lists of Obama’s achievements, the lists that always seem to omit the destruction of Libya, NDAA, drone wars, etc.

You’re going to be hearing a lot about the deal that saved Detroit in the next few months, not least because likely opponent Mitt Romney was against it. Then Governor Romney wrote in the fall of 2008 that if the big three auto companies received a bailout “we can kiss the American auto industry goodbye.” Romney bad; Obama good; Big Three back. The Deal with Detroit story is gold dust for Democrats. Reality is a bit more complicated.

For one thing, it was Republican President Bush, not the Democrats’ Barack Obama, who originally decided not to stand by as the auto makers died.  The deal saved an industry – US cars are still being made in the US — but  it came at such a high price that in many ways it’s a whole new industry. The American auto industry that built middle class lives as well as cars — that one we kissed good-bye,  and it may be a while before we see it back again.

http://www.counterpunch.org/2012/02/02/the-deal-that-saved-detroit-and-banned-strikes/

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