Obama's True Brilliance Was Shown BEFORE the Rescue of the Domestic Auto Industry

[ProSense]

Obama's True Brilliance Was Shown BEFORE the Rescue of the Domestic Auto Industry

by Muskegon Critic

I need to bring this up.

A lot of attention has been given to Obama's rescue of the domestic auto industry. And as you may know, I'm a HUGE FAN of that. HUGE FAN.

But too little attention has been given to what happened before that. The event that happened before that put me at ease. The event that happened before that made me think "YES! YES! This President GETS IT."

Before the domestic auto rescue, President Obama made$5 billion in Federal loans available to small auto parts suppliers:

The Treasury Department announced a $5 billion program to aid struggling auto-parts suppliers, raising the likelihood the government will extend more aid to General Motors Corp. and Chrysler LLC.

What a lot of folks, including politicians, don't seem to realize is that GM and Chrysler merely ASSEMBLE cars. They don't make the parts.

<...>

Obama rescued the Domestic Auto Industry.

But BEFORE that. BEFORE that. BEFORE he sent the domestic auto industry into structuered bankruptcy, he made sure the LITTLE GUYS....the SMALL manufacturing companies that make SPRINGS or BOLTS or LATCHES or TINY WIDGETS were able to stay afloat so that when GM got back on its feet again it didn't have to look to CHINA or MEXICO to make those parts because the previous suppliers had gone belly up.

- more -

http://www.dailykos.com/story/2012/02/29/1069618/-What-Happened-Before-the-Rescue-of-the-Domestic-Auto-Industry

Made in America - Obama for America 2012 Ad
http://www.democraticunderground.com/1002342712

[ProSense]

1. Kick! n/t