Another thing the GOP will never admit. The US auto bailout worked

http://www.usatoday.com/money/economy/2011-05-08-uneven-jobs-recovery_n.htm

Two Indiana cities symbolize both sides of uneven jobs recovery

<snip>While both communities have lost thousands of factory jobs in the past decade, Kokomo remains a manufacturing bastion that managed to stop the bleeding last year as large employers reinvented themselves. Nearly a quarter of the area's jobs were manufacturing-related in March, down from 38% in 1998. At Chrysler's four Kokomo transmission plants, the workforce fell from 5,900 in 2007 to 4,800 in the downturn.

But after receiving $7.5 billion in U.S. and Canadian bailout money and emerging from bankruptcy in 2009, Chrysler said it will spend $1.2 billion renovating and expanding its Kokomo factories to build a new generation of fuel-efficient vehicles. The company, which last week announced its first quarterly profit since reorganization, has added 400 jobs in the area since early 2010.

"We were on death's door, and nobody expected the company to survive," says Chrysler spokeswoman Jodi Tinson. "The prospects for employment in Kokomo have gotten much better."

car noises

B-)

But unlike with most of the banks, stockholders lost bigtime.

lost their shirts in the deal. The administration, big banks, and big unions won. That's all that matters.

So you're right. I should "shush". ;)

biggies got theirs, that's all that matters. ;-)

The money was set aside if they did need it and Ford told them to keep it handy just in case.

Ford was just fortunate enough to have hired the right guy to run the place about 5 years ago who seen this recession coming. That is the only thing that saved them. That and their credit division not getting involved in the home mortgage business. They really dodged a bullet on that one. Who ever made that decision deserves every penny they get paid.

Don

The new Focus is economical and refined. The Fiesta is the closest we have a a European city car and the Fusion Hybrid is wonderful and even the newer Mustang leads it's class.

Chevy STILL makes crappy sedans. The Impala, Malibu and Cruze are awful. Suitable ONLY for the retirement home. And look at the pricing. WHO in hell would spend 30k+ on an Impala??????? The Taurus beats the Impala in EVERY possible comparable.

People can forget how inter-related the big three are in Detroit along with their parts suppliers across the U.S....