“We bet on American workers. We bet on American ingenuity. And tonight, the American auto industry is back.”
—President Obama at the State of the Union
Our new chart shows job growth in the auto industry over the past three years, with over 170,000 new jobs.
In 2009, the major American auto manufacturers were in danger of collapsing, and President Obama made the tough call to provide emergency loans to Chrysler and GM. Today, Chrysler, GM, and Ford are profitable and hiring again for the first time in years.
The auto industry turnaround is part of the steps President Obama’s taking to rebuild an economy based on American manufacturing and American energy, from producing more domestic oil to creating more clean energy jobs.
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