The Obama Auto Rescue Saved 154,843 Jobs and Added 17,000 in Ohio

Obama for America’s new ad, “Made in Ohio,” features Ohioans who know just how important President Obama’s rescue of the auto industry was for them, their families, and their communities. The Obama auto rescue saved 154,843 jobs in 2009 alone and added 17,000 jobs in the auto industry since 2009.

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According to a Center for Automotive Research report, “government intervention in preventing a disorderly bankruptcy for General Motors and Chrysler saved Ohio 154,843 jobs in 2009. These numbers are derived from taking the difference between the report’s “worst case” scenario- a free fall bankruptcy for both automakers – and the report’s “best case” scenario- a controlled, government-backed restructuring through bankruptcy. See math below: Difference Between Best Case (-6,026) & Worst Case (-160,869) (Total Jobs Saved): 154,843.” (Center For Automotive Research Automaker Bankruptcies Report, 5/26/09)

Here’s a chart from the Bureau of Labor Statistics that puts to rest any talking points about whether or not we should have rescued the auto industry, unless Republicans were rooting for failure. It worked:

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Full article, video, and chart here: http://www.politicususa.com/obama-auto-rescue-saved-154843-jobs-added-17000-ohio.html