A2: Auto Industry

Bloomberg News reports on President Obama’s Friday visit to Detroit-area plants of GM and Chrysler, highlighting the federal bailout of the auto industry. The article quotes Sean McAlinden, economist at the Ann Arbor-based Center for Automotive Research: “We’re not complaining here in Michigan. If they do pay all of their money back, this will be one of the most successful industrial policy interventions in American history.” [Source]