Obama boasts saving auto industry 'on the brink'
By DARLENE SUPERVILLE, Associated Press Writer
CHICAGO (AP) - President Barack Obama is crediting his politically risky bailout of the the U.S car companies with turning around an "industry on the brink."
Speaking at a Ford plant that is adding 1,200 jobs and a second shift, Obama says that while others criticized his $60 billion bailout over a year ago, he chose that course because of his faith in American workers. While Ford did not accept federal funds, Obama argued that the company did benefit from a resurgence in the industry following the bailout of General Motors and Chrysler.
Following his stop at the Ford plant, Obama will head to three political fundraising events.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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