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White House Touts GM Loan Paybacks, Cites Auto Industry 'Turnaround'
By Tom Diemer - Politics DailyThe White House welcomed what it called a "turnaround" in the automobile industry, headlined by word from General Motors Wednesday that it has repaid the U.S. and Canadian governments all of the $6.7 billion in loans the company received during the depths of its struggles last year. Top White House economic adviser Lawrence H. Summers also hailed the announcement from Chrysler that it turned an operating profit in the first quarter of this year, its first gain since the economic crisis began. Eager to highlight the success, Summers credited "politically difficult decisions" made by President ...
Chaos Theory -- Obama's Big Plate
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