Tuesday, December 7, 2010

Obama’s Claims About Auto Jobs Conflict with Some Government Data | CNSnews.com

Obama’s Claims About Auto Jobs Conflict with Some Government Data | CNSnews.com: "(CNSNews.com) – President Barack Obama and administration officials have boasted about how their policies have revived the U.S. auto industry, pointing to the successful initial public stock offering by General Motors on Nov. 18.

However, some of the touted job growth could be questionable based upon a government report last summer that says the rapid pace of dealership closings put “tens of thousands” of workers in immediate jeopardy.

Further, the auto plan lacked 'any explicit cost savings to the manufacturers' according to the report by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) from July."

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