White House Touts Massive Increase In Auto Production Since 2009
On Thursday, The White House blog published this chart...
...and included accompanying text that points out how dramatically the U.S. auto industry has recovered since its darkest days. For example:
File this under the Obama Administration's ongoing effort to claim credit for the decision to bail out Chrysler and General Motors in 2009. Given the industry's dramatic recovery, it's getting hard to argue that the bailouts were a bad decision, although their wisdom is likely to be debated for years to come.
Also note that the White House is talking about production numbers here. That 13.2-million peak number in the chart is obviously lower than the industry's expectations for auto sales in the U.S. this year. Sales are currently running above a 16-million annual pace.