American-made car sales skyrocket

Bailout of General Motors vindicated

Obama’s grand exit from the car business

End Of The Auto Rescue

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PERRspectives: Treasury Wins Big on GM Bailout

PERRspectives: Treasury Wins Big on GM Bailout
"It's no wonder The Economist, which opposed the $82 billion auto bailout, admitted "an apology is due to Barack Obama: his takeover of GM could have gone horribly wrong, but it has not." And last month, voters in Michigan, Ohio and across the nation reached the same conclusion. Even with likely losses from the government's sale of GM and Chrysler shares, the rescue of Detroit was a very sweet deal for the Treasury--and people--of the United States."

Add the auto bailout to the list of things Romney opposed but profited from

Add the auto bailout to the list of things Romney opposed but profited from
"Apparently there's nothing that Romney opposes so much he won't try to make a profit off of it. Which, actually, we already knew, thanks to his role in Bain investments in a medical-waste firm that disposed of aborted fetuses. And don't forget how Romney invested in a company founded to make profits on the aftermath of 9/11. Never mind all that profit from exactly the kind of Chinese trade practices he's campaigning against."

Romney once again claims credit for saving auto industry, says Obama did 'exactly as I proposed'

Romney once again claims credit for saving auto industry, says Obama did 'exactly as I proposed'
"Romney wanted to let the companies go through bankruptcy on their own, but if that had happened, the entire industry would have been devastated. We were in the middle of a financial crisis, and there simply wasn't any private financing to be had. In order to protect the companies from simply collapsing, the question was whether the government would step in, as it had with Wall Street, to keep a bad situation from getting worse.

President Obama made a tough call—and took a huge political risk—when he put the weight of the U.S. government behind the auto industry, but his decision has paid off. Mitt Romney would have done the exact opposite, and the results would have been disastrous. In fact, Romney said that if the U.S. took the path followed by President Obama, "you can kiss the American automotive industry goodbye."

Well, President Obama didn't follow his advice, and now the auto industry is now once again number one in the world (update: although GM was number one in the world for 2011, the last full year of data, Toyota regained the lead for the first half of 2012). And as President Clinton would say, it takes some serious brass for Mitt Romney to try to claim credit for that."

Fmr Gov. Jennifer Granholm Remarks at 2012 Democratic National Convention

CHART: The Comeback Of The U.S. Auto Industry

CHART: The Comeback Of The U.S. Auto Industry: A recent report from the St. Louis Federal Reserve highlights that automotive sales continue to be one of the most encouraging aspects of an otherwise sluggish economic recovery. The report notes that “most analysts regard increases in automobile and light truck sales as an important component of an economic recovery.” And ever since the recession [...]/p

Michigan GOP Governor Dismisses Romney’s Auto Rescue Opposition: ‘It’s History’

Michigan GOP Governor Dismisses Romney’s Auto Rescue Opposition: ‘It’s History’: Michigan Gov. Rick Snyder (R) and Republican presidential hopeful Mitt Romney haven’t always seen eye to eye on the rescue of the auto industry that saved hundreds of thousands of American jobs. Romney has held several positions on the topic: he wrote an editorial calling on the government to “Let Detroit Go Bankrupt” before the [...]/p