The short-term success of the auto industry is one of the reasons the Fed has been keeping interest rates artificially low throughout Obama’s presidency.
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Can we now admit that the auto bailout of 2008-09 was a success? The just-released March auto sales numbers continue a trend we have seen build for a couple years now. The U.S. auto industry is thriving, even in a slow-growth economy. And, even better than that, “Detroit automakers outperformed the industry as a whole,” … Continue Reading →
Chrysler creditors say they were taken aback by the hardball tactics that the Obama administration employed.