Category Archives: Auto Industry

President Obama’s Weekly Address 10/15/11: "Made in America"

WASHINGTON- Speaking to the American people from Detroit, Michigan, President Obama highlighted the landmark trade agreements passed in a bipartisan way this week which will support tens of thousands of American jobs, level the playing field for American workers, and help us meet our goal of doubling our exports. The President will continue to urge Congress to do more and pass the American Jobs Act so we can grow our economy and create jobs now. Republicans in Congress will get a chance to support these common-sense measures or explain why they oppose providing tax breaks for working Americans, putting teachers, firefighters, and cops back to work, and repairing our crumbling infrastructure.

http://www.whitehouse.gov/sites/all/modules/swftools/shared/flash_media_player/player5x2.swf

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Filed under American Jobs Act, Auto Industry, Columbia, Detroit, Ford, GM, Made in America, President Obama, South Korea, trade agreements, weekly address

>President Obama’s Weekly Address 6/4/11: Growing Manufacturing with the Auto Industry Turnaround

>WASHINGTON – Speaking to the American people from a Chrysler plant in Toledo, Ohio, President Obama commended the work of America’s dedicated autoworkers, who have helped reinvigorate the domestic auto industry. Each of The Big Three automakers is now turning a profit, and the domestic auto industry continues to add shifts and create new jobs across the country. When President Obama decided to lend a hand to the American automotive industry shortly after taking office, it was with the understanding that these great manufacturers would have to restructure, modernize and position themselves to thrive in a competitive global marketplace. Now, just a few years after the American auto industry teetered on the brink of collapse, America’s great manufacturers of yesterday have emerged as some of the great manufacturers of today.

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Filed under Auto Industry, auto industry bailout, bailout repayment, Chrysler, Ford, GM, laid off workers, Ohio, President Obama, rehiring, Toledo Ohio, weekly address

>President Obama’s Weekly Address 5/28/11: Vice-President Biden on the American Auto Comeback

>Vice President Joe Biden delivers the Weekly Address, celebrating the success of the American auto industry in the wake of Chrysler paying back their loans.

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Filed under Auto Industry, auto industry bailout, Chrysler, General Motors, President Obama, repayment of loans, the White House, Vice-President Joe Biden, weekly address

President Obama’s Weekly Address: 4/24/10 Good News from the Auto Industry

As the auto industry and financial markets begin to stabilize, the President says the government’s emergency interventions are now winding down. He pledges that real reform, particularly on Wall Street, must now begin.

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Filed under Auto Industry, bailout, financial reform, President Obama, Wall Street, weekly address

Michael Moore How The Auto Bailout Should Go Down

Michael Moore on “Countdown with Keith Olbermann”, talking about the controversy surrounding the Big 3 (GM, Ford, Chrysler) trying to get a $25 billion (or possibly $34 billion) in bailout loans from Congress.

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Filed under Auto Industry, bailout, Countdown with Keith Olberman, Michael Moore

Michael Moore How The Auto Bailout Should Go Down

Michael Moore on “Countdown with Keith Olbermann”, talking about the controversy surrounding the Big 3 (GM, Ford, Chrysler) trying to get a $25 billion (or possibly $34 billion) in bailout loans from Congress.

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Filed under Auto Industry, bailout, Countdown with Keith Olberman, Michael Moore

Corzine Talks Recession with Rachel Maddow

On a segment on the Rachel Maddow show yesterday, NJ Gov. Jon Corzine made an appearance to discuss the recession and what he was going to talk to President elect Obama in Philadelphia today. 

Corzine mentioned that Obama is a great listener and he hopes that Obama will support a huge stimulus package for the States.

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Filed under Auto Industry, bailout, Barack Obama, Jon Corzine, President-Elect, Recession, The Rachel Maddow Show

Corzine Talks Recession with Rachel Maddow

On a segment on the Rachel Maddow show yesterday, NJ Gov. Jon Corzine made an appearance to discuss the recession and what he was going to talk to President elect Obama in Philadelphia today. 

Corzine mentioned that Obama is a great listener and he hopes that Obama will support a huge stimulus package for the States.

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Filed under Auto Industry, bailout, Barack Obama, Jon Corzine, President-Elect, Recession, The Rachel Maddow Show

>Coming up: A huge pension bailout?

>The housing bubble lead to the mortgage crisis, then the financial crisis and the auto industry crisis, commercial real estate is on the verge of a crisis with so many businesses filing for bankruptcy and closing their doors, can a pension bailout be far behind? Michael Brush seems to think so.

Brush has posted an article on MSN Money explaining why he thinks a pension bailout is not far behind:

“Americans with 401(k) plans in stocks have been feeling queasy for months as they’ve watched their savings vanish at alarming rates.

But workers covered by traditional pension plans — the ones 100% funded and managed by companies for employees — have so far avoided that sinking feeling.

Unlike the 401(k) crowd, they don’t get monthly statements bearing the grim news of the lousy performance of the investments in their pension plans.

But with stocks and bonds crushed, many of these old-school defined-benefit plans now look downright wobbly. If the economic weakness continues long enough, many could end up in the hands of the independent government agency responsible for taking over failing plans….”

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Filed under Auto Industry, bailout, bankruptcy, commercial real estate, Financial crisis, Michael Brush, mortgage crisis, MSN Money, pensions

Coming up: A huge pension bailout?

The housing bubble lead to the mortgage crisis, then the financial crisis and the auto industry crisis, commercial real estate is on the verge of a crisis with so many businesses filing for bankruptcy and closing their doors, can a pension bailout be far behind? Michael Brush seems to think so.

Brush has posted an article on MSN Money explaining why he thinks a pension bailout is not far behind:

“Americans with 401(k) plans in stocks have been feeling queasy for months as they’ve watched their savings vanish at alarming rates.

But workers covered by traditional pension plans — the ones 100% funded and managed by companies for employees — have so far avoided that sinking feeling.

Unlike the 401(k) crowd, they don’t get monthly statements bearing the grim news of the lousy performance of the investments in their pension plans.

But with stocks and bonds crushed, many of these old-school defined-benefit plans now look downright wobbly. If the economic weakness continues long enough, many could end up in the hands of the independent government agency responsible for taking over failing plans….”

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Filed under Auto Industry, bailout, bankruptcy, commercial real estate, Financial crisis, Michael Brush, mortgage crisis, MSN Money, pensions