When Barack Obama decided to bail out the US auto industry, I was one of the naysayers. I was wrong. There’s no shame in being wrong, so I admit this happily. I had not thought through the consequences of letting the auto industry fail, albeit deservedly, the millions of lost jobs, the increase in the trade deficit, and most most of all the impact on unions. Had I been right, I could not celebrate this great news.
General Motors—which still exists as a manufacturing entity thanks to the Obama administration—is set to do something that should make native son Michael Moore very happy: make a major manufacturing investment in Flint, MI:
General Motors Co. is expected to announce Monday it will invest about $300 million to build a new full-size truck at its Flint Assembly plant, according to sources familiar with the plans.
The investment will create or retain hundreds of jobs, the sources said.
GM spokeswoman Kim Carpenter declined to comment other than to say: "We have some exciting news and we look forward to sharing it on Monday," when company and union executives have scheduled a morning news conference in Flint.
Now, let’s remember who thinks those jobs shouldn’t exist because GM received government assistance. Starting with Michele Bachmann:
We all know GM is now Government Motors because it’s owned by the American people. It’s been nationalized. There is no private corporations the way we used to think of GM. Now, the main stockholder is the American Government.
Or how about the Republican National Committee, which produced a 90-second web ad attacking Obama for his decision to save the American auto industry?…
Inserted from <Daily Kos>
Here’s that ad:
The reason I have no shame in being wrong is that I admitted it. But Republicans doubled down and continue to attack labor.