President Barack Obama will be visiting two Detroit auto plants today, touting the huge success of the loans and corporate makeovers of 2009. Over 55,000 direct jobs were saved; along with tens of thousands of indirect jobs with suppliers, OEMs, nearby businesses. People could save their homes and of course there was an economic stimulus when all of those people have jobs and businesses large and small become more viable. The President of the United States of America will visit the Jefferson Chrysler Plant were a new Jeep Cherokee will be built; and the Detroit-Hamtramck GM plant where the new Chevy Volt will be built.
Tom Walsh, automotive writer for the Detroit Free Press, published a great article today on why President Obama's work with the auto companies is one of his greatest accomplishments to date and nothing short of a miracle. Although many may not agree, I agree with Tom that the Prez should definitely be given his props for keeping the USA out of a depression and literally saving the U.S. auto industry. Read Tom's article here.