Jul 31 2010
President Obama praises the successes of the auto industry restructuring as good news for our economy, and calls on Republican leaders in the Senate to “stop holding America’s small businesses hostage to politics” by blocking a vote to help them create jobs.
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Weekly Address: Good News on Autos, Obstruction on Small Business
Jul 31 2010
WASHINGTON – In this week’s address, President Obama praised the successes of the auto industry restructuring. When his administration decided to invest in the American car companies, some said such a move was bound to fail. But since GM and Chrysler have emerged from bankruptcy, the auto industry has added 55,000 jobs – the strongest growth in 10 years – and for the first time since 2004, all three companies are operating at a profit. The President also called on Republican leaders in the Senate to stop blocking a vote on a bill helping small businesses. Even though this bill will help the recovery, and has been endorsed by groups like the Chamber of Commerce and the National Federation of Independent Business, the Republican Senate leadership continues to hold it hostage to politics by denying an up-or-down vote on the bill. The audio and video of the address will be available online at www.whitehouse.gov at 6:00 am ET, Saturday, July 31, 2010. Remarks of President Barack Obama As Prepared for Delivery Saturday, July 31, 2010 Detroit, Michigan Hello everyone. I’m speaking to you from the GM auto plant here in Detroit, Michigan, where a hopeful story is unfolding in a place that’s been one of the hardest hit in America
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Weekly Address: President Obama Hails Successes of the Restructuring of the Auto Industry, Calls on GOP Leaders to Stop Blocking Aid for Small Businesses