Tag Archives: General Motors

General Motors Is Alive – a reminder


| By ThinkProgress War Room

The article below was posted in October 2012

The Rescue of the Auto Industry — By the Numbers

At the height of the financial crisis, some people, including Mitt Romney, said we should “let Detroit go bankrupt.” And Bain Capital was one of the many private investors that refused to invest in the auto industry when it stood on the brink of collapse.

Fortunately, President Obama saved the U.S. auto industry and now it’s roaring back. For example, just today we learned that General Motors is adding another 2,000 jobs in Michigan. These jobs are coming to Michigan as part of larger effort to insource thousands of jobs at the world’s largest automaker.

And this is just the tip of the iceberg. Here’s a look at the auto rescue — by the numbers.

  • More than 1 million: Jobs saved by the auto rescue.
  • $85 billion: Totalspent by the U.S. government on the auto rescue.
  • $60 billion: Amount the government will likely recover.
  • $7.2 billion: Savings to taxpayers from reducedunemployment, Social Security, and other benefits in 2009 and 2010.
  • $97 billion: Estimated losses in personal incomes prevented by the auto rescue.
  • 26 percent:Remaining stake (of the initial 61 percent stake) held in GM by the government.
  • 0: Number of Chrysler shares currently held by the government.
  • 167,000: Number of jobs the automakers and their suppliers are forecasted to add by 2015.
  • 2.5 million: Number of people employed by the U.S. auto industry today, up from 2.3 million in August 2009.
  • 3.3 million: Cars and light trucks sold by GM and Chrysler in the past 12 months, up from 2.9 million in the previous period.

Figure 1

BOTTOM LINE: Mitt Romney said to “let Detroit go bankrupt,” but we didn’t do that and now the auto industry is helping to fuel the recovery in states across the country, particularly Michigan and Ohio.

Evening Brief: Important Stories That You Might’ve Missed

Leading GOP voter suppression expert says voter IDs laws are “a favor” for poor people.

Big Bird stars in a campaign ad and he greeted Mitt Romney today in Iowa.

Leading Democratic Senator says we “ought to scrap” tax reform that lowers tax rates.

After one Arkansas Republican lawmaker called slavery “a blessing in disguise,” another suggests that Jesus condoned it.

Mitt Romney’s tax plan: defeated by arithmetic. (Again.)

Another fail on foreign policy from Mitt Romney.

Billionaire CEO threatens to fire employees if Obama wins.

Buckle up: Super PAC spending is about to explode.

Australia’s female prime minister delivered a blistering speech on sexism and misogyny.

Dan Pfeiffer, The White House


whitehousebannerIt’s not exactly a secret that Washington hasn’t worked as well as it should. Between the constant gridlock and partisanship, most people just tune this town out. That was especially true this year when the government literally shut down.

Yet, even in spite of all that, thanks to the grit of the American people, this country continues to move forward. After the worst financial crisis since the Great Depression, folks are getting back to work and the economy is getting stronger.

And late this year, Washington took a cue — and managed to make some progress itself.

While it’s too early to declare a new era of bipartisanship, what we’ve seen recently is that Washington is capable of getting things done when it wants to. And there’s an opportunity next year for this town to do its job and make real progress.

Here are just a couple areas where there’s been progress made recently — check them out, and then take a look at our full 2013 year-in-review.

For the first time in years, both parties in Congress came together and passed a budget. This budget doesn’t include everything that everyone wanted — but our economy will grow a little faster, be a little fairer for middle-class families, and create more jobs because of it.

Our businesses created 2 million jobs in 2013. That’s more than 8 million private-sector jobs in just over 45 months.

The economy is growing. Just last week we learned that, over the summer, our economy grew at 4.1% — its strongest pace in almost two years.

We’ve cut the deficit in half since 2009. That’s four years of the fastest deficit reduction since the end of World War II — and it means we’re improving our nation’s long-term fiscal position while strengthening our economy.

We produce more oil in the U.S. than we import from abroad. Thanks to an all-of-the-above strategy, we’re reducing our reliance on foreign oil — and that means lower energy costs for consumers.

The American auto industry is thriving. Last month, the auto industry added more than fifteen thousand jobs. And just a few weeks ago, the United States sold its final stake in General Motors.

Americans are getting better health coverage. Since October 1st, more than 1 million Americans have selected new health insurance plans through the federal and state marketplaces. And millions more are getting better health care thanks to increased protections and benefits.

There’s a little less gridlock in Congress. Leaders in Congress took action so that executive and judicial nominees (except to the Supreme Court) can be confirmed with a simple majority vote. Now we’re filling critical vacancies, and the government will work better for Americans because of it.

So while the politics in Washington can be frustrating and change takes time, that’s no excuse for inaction. In the New Year, we need to help American businesses continue creating jobs, make sure Americans are ready for those jobs, and make sure those jobs offer the wages and benefits that give families a fair shot at financial security.

We also need to look out for those who are searching for a job. Congress needs to extend unemployment insurance, something we’ll be making a priority when members come back to work.

There’s a lot of unfinished business, but there are also things we can build on. If you saw some things in this list that you think more people should know about, then pass them on.

Thanks, and happy holidays.

Dan

Dan Pfeiffer Senior Advisor The White House @Pfeiffer44

How we shift America off oil


The White House

America‘s auto industry is in the midst of a change for the better. Right now, car dealers are offering customers twice as many hybrids as they were five years ago and seven times as many cars that can go 40 miles or more on a gallon of gas. Last year, General Motors sold more hybrid cars than ever before and Ford is working hard to keep up with demand for its fuel-efficient vehicles.

That trend is a key example of how innovation helps to drive business success — and creates jobs for the middle class in America. But it’s one thing to make a car more fuel efficient. It’s another thing altogether to move cars and trucks off oil entirely.

And that’s the next step. Here’s how President Obama is proposing to get us there:

Infographic: The Energy Security Trust

http://www.whitehouse.gov/infographic/energy-security-trust

At a time when the sequester is forcing laboratories and science facilities across the country to scale back on their work, we need to keep investing in research.

Because if we can meet this goal, the benefits are clear. We’ll help diminish the burden of spiking gas prices. We’ll reduce our reliance on foreign oil. And most importantly, the kind of technological breakthroughs the Energy Security Trust will work to produce won’t just create jobs — they could create whole new industries.

So if you think the Energy Security Trust is a good idea, will you share this graphic?

Does Ford’s clean car press match what they’re saying in DC?


Make Sure the Media Gets it Right on Clean Cars

Make your voice heard and hold the automakers accountable both for their words and their actions as we aim to secure our clean car future.

Tell USA Today that Automaker Sales Show Why We Need Clean Car Standards >> http://action.ucsusa.org/site/R?i=cBRjbrJcoXRmIxbo0qEWCQ .. 

The time to secure our clean car future is now. The federal government and California are collaborating on new emissions and fuel economy standards (aka “clean car standards”) which will cover vehicles from model years 2017-2025. These standards will help break America’s dangerous addiction to oil and are a significant piece of the Union of Concerned Scientists’ plan to cut our nation’s projected oil use in half by 2030.

U.S. automakers, such as Ford, are already benefiting from the current round of clean car standards. Indeed, USA Today notes that Ford’s main sales winner is the remodeled Explorer SUV model, which focused on fuel efficiency improvements. In acknowledging the U.S. consumer, Ford said “With oil nearing $100 per barrel and gasoline prices continuing to rise, consumers’ consideration for fuel economy once again is taking top billing.”

But as Ford sings the clean car song to the press, they and the other U.S. automakers are actually pushing to weaken the 2025 standards. Ensuring full and accurate coverage of the automakers in the press will be critical to pushing back against this effort.

We’ve proven time and time again that the public voice is an essential counterbalance to the automaker spin machine. So head to our online Action Center and help make sure the press is covering this story with your interests in mind, not just the automakers’.

Take Action Today!      http://action.ucsusa.org/site/R?i=cBRjbrJcoXRmIxbo0qEWCQ..

Take care,

Scott Nathanson

National Field Organizer

UCS Clean Vehicles Program

P.S. Are you a FB user and want to use the power of “The Social Network” to clean up our cars? Then “like” our new UCS Clean Car Watchdog Facebook page. It will give you the latest news and even more real-time opportunities to make your voice heard on this crucial issue.