Wondering if my conservative friends are willing to apologize for their sneers about “Government Motors” now that looks like GM scored “the world’s largest by unit sales” barely two years after the bailout. In fact, the auto industry is driving our economic recovery.
GM alone added “more than 4,300 jobs in four states” as they started running three shifts to supply increased demand. This is turn added more jobs to supply the “demand at odd hours for everything from daycare and dentistry to financial services and food.”
And it’s not just GM. All automakers in the U.S. are upping production and adding shifts. Industry analysts expect the trend to continue. Considering I recently saw on Twitter that the average age of a car on the road today is 11.1 years, I believe they’re right.
None of this would have happened if President Obama hadn’t intervened with the bailout.