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The auto bailout process actually started under the Bush administration. Some loans were made at end of Bush term. The auto companies first had to go through congress, a process that was underway BEFORE Obama came into office.
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∙ 11y ago
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What president passed the bailout?
Multiple bailouts have been passed, recently by George Bush (who, I believe, bailed out the banks) and Barack Obama (who bailed out the auto industry).
How were new vehicle sales in the nation affected by the bailout of automakers?
The auto bailout initially had an adverse effect on auto sales. Sales picked up when the government released the cash for clunkers program.
How much money was given for auto bailout?
24 billion for the big three
How does Obama plan to help the failing US automotive industry?
He has already helped them in a very important way. His rescue of the auto industry has been one of the biggest success stories during difficult financial times. President Obama provided the auto industry with loans and loan guarantees, and by most accounts kept the industry from going under. Thanks to his efforts, the auto industry recovered, the auto manufacturers paid back the loans, and today they are making profits and hiring more workers; this has been especially important to states like Michigan and Ohio. It should be noted that when President Obama made his decision to help the auto manufacturers to stay alive, many of his political opponents, including Mitt Romney, opposed the bailout; but the president's decision seems to have revived the industry and brought it considerable success.
Is the fatality rate higher in the auto industry or in the airplane industry?
The auto industry. Statistically, flying is the safest way to travel.
What would be an Industry?
Auto Industry Textile Industry is a couple for starters
What does Section A in the Auto Industry mean?
it means auto
Where is largest auto industry?
Here in the USA. GM is the largest auto industry. They own Pontiac, hummer, GMC, and more!
Is auto mechanics an example of industry?
no
Who initiated the rescue of the US auto industry?
Most sources credit President Obama with taking the initiative to rescue the auto industry.
What is a Major Industry in Michigan?
Auto manufacturing.
What contributed to the downfall of the auto industry?
the government
