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Weekly Audit: Hostile Takeover Threat Spurs Concessions from Michigan Unions

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Michigan’s new Emergency Manager Law is already forcing major concessions from unions. The law gives the governor the power to declare a city insolvent and appoint an emergency manager with virtually unlimited power to reorganize every aspect of city business, including dissolving the city entirely. Continue Reading →

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GM, Obama Prove Cynics Wrong

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Key quote from President Obama’s weekly address:

Of course, if some folks had their way, none of this would be happening at all. This plant might not exist. There were leaders of the just say no crowd in Washington who argued that standing by the auto industry would guarantee failure. One called it the worst investment you could possibly make. They said we should just walk away and let these jobs go. Continue Reading →

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Obama’s First New Car Was A Grand Cherokee

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President Obama visits the Chrysler Jefferson North Assembly Plant in Detroit, MI to talk to workers about how investments in the auto industry are helping create and save American jobs. Amusing story from President Obama:
Now, before I make my remarks, Ive got to disclose, Im a little biased here because the first new car that I ever bought was a Grand Cherokee. (Applause.) First new car. Up until that point I had had some old, beat up — (laughter) — used cars — they were not state of the art. And I still remember walking into that showroom and driving out with that new car. Continue Reading →

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Obama: GM, America On The Move

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Key quote from President Obama’s visit to the GM plant in Hamtramck, Michigan:
We are back on our feet. We are on the move. GM is on the move. The U.S. auto industry is on the move. And America is on the move, and Im not going to rest until every single American worker who wants to get back to work is going to be back to work. Continue Reading →

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