Chrysler invests in US plants, more GM jobs -THANK YOU Pres. Obama. Tea Party: How 'bout an apology?

[LuckyTheDog]

(AP) Hard-hit Kokomo, Ind., got a big boost from Chrysler on Tuesday when the automaker announced it plans to pump another $843 million into three factories to build a new front-wheel-drive transmission.

General Motors, meanwhile, will announce Wednesday that it will invest $163 million in two Michigan plants and an Ohio foundry to make small-car engines, according to a person familiar with GM's plans. The person was not authorized to talk about the plans ahead of the formal announcement and asked not to be identified. GM says the moves will retain 184 jobs.

Both companies are recovering from last year's auto industry meltdown when they were forced to take government bailouts to make it through bankruptcy protection.

More: http://news.yahoo.com/s/ap/20101123/ap_on_bi_ge/us_autos_factories

[Drale]

1. Good for Chrysler

The way they can get company's to invest in the US is the make it so you only get tax breaks if your product is made here.

[hughee99]

2. I thought * was the one that started the auto bailouts before he left office?

Not to say Obama still didn't have a lot of work, but no thank you for the turd blossom? :shrug: :evilgrin:

[LuckyTheDog]

3. Sure

Thanks to GW for tossing some of the loose change from the couch cushions at the TARP program to GM and Chrysler.