Here’s something new: a government success story.
Here’s something even more new: a success story out of Detroit.
It was only a year ago, remember, President Obama made the tough decision to bail out America’s auto industry – a decision for which he was pummeled by everybody from Newt Gingrich on the right to Robert Reich on the left.
But now the whole world knows, Obama did the right thing.
In a stunning move on Wednesday, General Motors – which received an $8 billion bail-out – announced it was sending the Treasury Department a check for $4.8 billion, final installment on paying back its entire loan.
Not only that, GM announced it was re-opening several closed plants, re-hiring laid-off workers, and rolling out several new models. Including the electric VOLT, which will hit show rooms this October, a year ahead of schedule.
For GM, for President Obama, for workers, and for the American public, this is a huge victory – and further proof that the American economy is on its way back.
Time for all the nay-sayers to admit they were wrong. Say it loud and clear: No doubt about it, the auto industry bail-out worked!
That’s my parting shot for today.