Did the auto industry bailout work? New numbers from the Bureau of Labor Statistics suggest it did, with unemployment rates dropping faster than the national average, due in part to jobs created by the auto industry. This could be the push President Obama needs to stay on top until November. But as the rest of the country continues to struggle, it might not be time to raise the victory flag quite yet.
Andrea Bernstein is a reporter for our co-producer WNYC and filed a story on this topic for Transportation Nation. Steve Rattner is a former Treasury Department official in the Obama administration. He served as the “car czar.” He’s also the co-founder of a global private equity firm.
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