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Obama Hails Auto Industry Turnaround

   VOA News  June 04, 2011
   President Barack Obama tours Chrysler Group's Toledo Supplier Park in
   Toledo, Ohio, June 3, 2011

Photo: AP

   President Barack Obama tours Chrysler Group's Toledo Supplier Park in
   Toledo, Ohio, June 3, 2011

   U.S. President Barack Obama is celebrating the resurgence of the "Big
   Three" automakers - Ford, GM and Chrysler.
   During Saturday's weekly address recorded at a Chrysler plant in
   Toledo, Ohio, Obama said Chrysler and GM are all adding jobs since his
   administration stepped in with a taxpayer financed bailout.
   The president says Chrysler has repaid its loan six years ahead of
   schedule.
   Obama also says the government this week reached a deal to sell its
   stake in Chrysler, meaning the company will be returning to all private
   ownership.
   Ford has also recovered from the recession and is adding jobs. Its
   turnaround came without a government bailout.

   ^Watch President Obama's weekly speech

   IFRAME: [1]http://www.youtube.com/embed/QV1Nzv_46UQ

   In the Republican address, Tennessee Senator Lamar Alexander criticized
   Obama administration efforts of keeping jobs in the country.
   Senator Alexander blamed the National Labor Relations Board and unions
   for making it more difficult to create private sector jobs in the
   United States.

   ^Watch weekly Republican address

   IFRAME: [2]http://www.youtube.com/embed/u4eo4xMkw84

References

   1. http://www.youtube.com/embed/QV1Nzv_46UQ
   2. http://www.youtube.com/embed/u4eo4xMkw84

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