Obama will always go down in American history for saving the auto industry after his highly successful bailout of GM, which saved thousands of American manufacturing jobs. But yesterday, Obama stole Trump’s thunder by convincing two American auto giants, Chrysler and Ford, to build factories in Michigan and Ohio instead of Mexico, helping to create thousands of new high quality auto jobs!
Bolstering our manufacturing sector was always one of Obama’s key economic objectives, but due to the distraction of the 2007-08 financial crisis, his focus shifted instead to growing America’s now booming service sector. However, Obama may be able to add his manufacturing ambitions to his legacy after all, after not only saving GM, but also convincing two other auto giants to expand in America instead of building plants overseas.
This news comes as a great embarrassment to Trump, after he built his political campaign on this very issue, and garnered the support of millions of working class Americans as a result. Of course, Trump is now desperately trying to claim credit for this news, but informed progressives are not letting him get away with it.
@realDonaldTrump Thanks Obama!
— Jordan Uhl (@JordanUhl) January 9, 2017
— Jonathan Boucher (@jonbouch) January 9, 2017
For many, this truly seals Obama’s legacy as the greatest economic president of our time. One can only hope that this economic progress is not undone under an incompetent Trump administration, which callously ignores the views of top economists, and plans to implement an astonishingly irresponsible and costly tax plan. Journalists and political analysts need to make sure that any economic chaos that ensues from now on is squarely blamed on Trump and his administration. We should all be celebrating this enormous win by Obama for the auto industry, but we should at the same time be cautious and concerned about what Trump might do to undermine this progress.