It has now been proved that the Obama Administration was correct in deciding to assist the auto industry from complete collapse by giving financial aid.
General Motors is paying back already $8.2 billion in aid to the government, and Chrysler is also on the road to recovery.
This idea of aiding business through loan guarantees to keep a company afloat are nothing new, as Herbert Hoover, Franklin D. Roosevelt, Jimmy Carter, and George W. Bush all did it before Barack Obama.
The naysayers who said that the government should allow the auto companies to fail were absolutely wrong in that view, as by assisting them toward their recovery, millions of workers in auto and related industries, and many Midwestern and Southern cities, were able to avoid even greater unemployment and what would have been a depression, rather than a severe recession!
This whole concept that it is improper for the government to intervene when the economy is in trouble has again been proved to be totally false! The Tea Party, Republican, and conservative attacks on Obama over this are totally wrong, but of course none of these critics will dare to give Obama any credit. But those cities and workers, who have benefited from his wise decision to follow what other Presidents have done in economic crisis, know that they can give thanks that we had a President who did the absolutely right thing!
And there are many signs that the economy is recovering, and that will further prove that the critics are just that, critics, who do not care about the truth, but rather simply wish to divide and stir up trouble for the sake of partisan gain! Hopefully, the American people will prove in November that the politics of deception and lies will not be rewarded!