Obama Declares Auto Industry Bailout a ‘Success’


President Barack Obama announced Saturday that the bailout his government offered to General Motors and Chrysler last year have shown great results.  President was spending a weekend with his wife Michelle in Asheville, NC.

Conservatives raised hell last year when President Obama announced the bailout of General Motors and Chrysler but Obama went ahead with his decision.

Both General Motors and Chrysler have reported great progress with GM announcing last week that it has fully paid the bailout money.

Source: Reuters