Obama and the Auto Bailout

In 2008 the American economy faced one of the worst downturns in our history. Unemployment numbers increased, and manufacturing plants like the ones in Detroit were near a state of bankruptcy. The federal government came in and supported Chrysler and GM in their rebuilding and enabled them to cut costs while retaining a steady flow of credit. If it wasn’t for the Obama Administration the Motor City would have been much worse off. Numerous amount of jobs would have been lost as factories would be forced to close. Today, companies such as Chrysler have capitalized on the second chance provided to them and have seen great successes through advertising campaigns, specifically its Imported From Detroit campaign. Check out its two large ads below:

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