I see that President Obama was in Michigan recently touting the bailout of the automotive industry that was so controversial last year. In fact many pundits thought it was crazy for the US government to bail out an industry that was still going down and could not be saved. I can't brag about any prescience here either- I worried that the US taxpayer would take a huge bath on this particular policy (whereas the financial industry bailout always looked more solid, as the Fed changed policies and basically made it impossible for big banks not to make gobs of money so they could recapitalize).
Well now Obama is bragging about how the auto industry has managed to right itself. The big automakers are now making a profit. http://voices.washingtonpost.com/ezra-klein/2010/07/can_obama_make_success_popular.html
This isn't getting any play at all in the news, but this is a major success story. Without federal intervention, the Big 3 automakers (or at least two of them) were about to go under, destroying the economy of the midwest.
It would be nice to see Democrats use these sorts of success stories to move the public narrative about stimulus and bailouts. The US government, using our tax dollars that are gained through taxes and borrowing, managed to save the auto industry, ultimately at little to no cost. I wonder if we'll see that point made on Fox News?
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