Today News Obama lauds Big 3 automakers – Politico

Today News Obama lauds Big 3 automakers – Politico : Today News President Barack Obama praised the "Big Three" U.S. automakers on Saturday in his weekly address to the country, calling the resurgence of Chrysler, GM and Ford, "remarkable." Speaking of a Chrysler plant in Toledo, Ohio, where he visited and met with workers on Friday, Obama struck by the recovery of the three major United States. Automakers, said, "The addition of jobs and the creation job growth rate since 1990.”It's remarkable when you think about where we were just a few years," the president said, recalling the decisions faced when he took office and felt pressure from some in Washington for companies wish Chrysler and GM collapse. "But who'd make a recession worse and worse and put a million folks without jobs. I refused to let that happen. His administration’s promise to GM and Chrysler, Obama said, was to bail out the companies if they promised to restructure and retool in a significant way. As a result of this agreement, he said, the auto industry is bouncing back ready for a “new age” and prepared to “out-build, out-innovate, and out-compete the rest of the global. On Friday, the Labor Department announced that in May, the economy added 54,000 jobs a figure far smaller than expected and that the unemployment number had increased to 9.1 percent, rising a tenth of a percentage point for the 2nd month in a row. Later disclosure, the White House sought to downplay the news, focusing on the growth of manufacturing jobs, and argues that the nation is going in the right direction. “Republican congressional leaders were quick to criticize the government, accusing it of lack of "concrete plan" and calls for more spending cuts consistent. Although he didn't specifically mention the employment relationship on a weekly basis, Obama said Saturday that the economy had "ways to go", so despite the 2 million private sector jobs created over the last 15 months. Referring to skyrocketing gas prices, the recent earthquake in Japan and the continuing economic crisis in Europe, Obama said the economy is in "a hard headwind," and added:. "This happens from time to time, but the president expressed confidence that the economy back on track. We know Americans work hard as Jill has helped transform the company and the industry as a whole, "Obama said, referring to one of the workers of the plant." This is the story of United States. We are a people who don't give up big things that shape our own destiny. "