Rescue of GM and Chrysler saved American manufacturing
More than just autoworker jobs
When President Obama decided to rescue General Motors and Chrysler from liquidation, he was betting on an American comeback. That proved a wise bet in more ways than one.
Today, America's auto industry is once again on top of the world, and at least a million workers are collecting paychecks instead of unemployment checks and contributing to our economic recovery instead of our unemployment rate.
But the bailout of GM and Chrysler didn't just save autoworker jobs - it saved American manufacturing. Beyond the folks who build the cars and trucks and past those who make auto parts, there are folks who work an entire supply chain which exists and thrives, today, because America still has an auto industry.
United Steelworkers have produced a short video that makes this important point. Click here to watch it, then share it within your networks:
When President Obama took the bold step of saving the U.S. auto industry, he didn't just save auto assembly jobs. He saved American manufacturing, including 350,000 USW jobs that are part of the auto supply chain.All About Jobs
The auto rescue helped millions of Americans and Steelworkers from all over: the single mom making axles in Indiana. The lifelong paperworker in Wisconsin making high-glossy paper used in auto catalogs. The kid just out of high school hired into the tire plant in Ohio. The police officer in small town Pennsylvania. The list goes on and on.
Change Delivered
Mitt Romney says he would have let the auto industry fail -- let us fail. President Obama believed in us. Saving the American auto industry was courageous. It was politically unpopular. But it was the right thing to do.
Mitt Romney said "Let Detroit go bankrupt." Lucky for us, Romney's argument didn't carry the day. President Obama's decision to bail out GM and Chrysler saved American manufacturing. Let's save his job November 6.