Site last updated: Monday, September 14, 2026

Log In

Reset Password
Butler County's great daily newspaper

Obama touring Mich.

He touts auto industry bailout

WASHINGTON — President Barack Obama is going to the heart of the U.S. auto industry to push an important election-year claim: his administration's unpopular auto industry bailout has turned into an economic good-news story.

With Americans facing a still-limping economy and potentially pivotal congressional elections in three months, White House officials see progress in the auto industry as a concrete area of improvement — and one with direct ties to the president's own actions.

To highlight that progress, which presidential aides believe has received too little attention, Obama will stop at three auto plants over the next several days, visiting General Motors and Chrysler factories in Michigan on Friday and a Ford facility in Chicago next Wednesday. Hoping to ratchet up public notice further, the White House also had the administration's top auto officials brief reporters Thursday.

Following the government-led bankruptcies of GM and Chrysler, the companies have shown signs of improvement.

"You now have all those U.S. auto companies showing a profit. They've rehired 55,000 workers. We are going to get all the money back that we invested in those car companies," Obama said.

He said the government is on track to recover all the taxpayer money his administration poured into GM, Chrysler, auto lenders and suppliers to avert a near-certain industrywide meltdown.

However, the White House said that proclamation referred only to the $60 billion spent by the Obama administration, not the additional $25 billion funneled to the industry in 2008 under the Bush administration. The most recent government estimate found that taxpayers will lose $24.3 billion on the auto bailout.

More in Business

Subscribe to our Daily Newsletter

* indicates required
TODAY'S PHOTOS