last Wednesday, September 8, was a great day for Youngstown, OH, for my State, and for our country. On that day, the Chevy Cruze, a new car by General Motors--a high-mileage, medium-priced, lower priced car from Chevrolet--came off the line at the General Motors plant in Lordstown, OH. To understand the significance of that and to understand how the news is so good, in spite of what the naysayers have said, let's turn the calendar back a little more than a year. Auto sales were down, about a year and a half ago, 40 percent. One million jobs were at risk of being lost on top of the 8 million jobs that had already been lost before President Obama took office. We remember that we were losing 800,000 jobs a month when President Obama took office. The auto industry was similar to the financial industry--about to collapse, including GM, Chrysler especially, and Ford was in some trouble. General Motors and Chrysler were especially in trouble.
On the recordSeptember 13, 2010
Editor's note · Context
The speaker discusses the positive impact of the Chevy Cruze launch on the economy and job recovery.
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