Did He Really Think No One Would Notice?

The auto industry has added 113,000 jobs over the past two years,”said the President in proclaiming the success of the GM and Chrysler bailouts. Well, he's actually right. Except that GM and Chrysler employ 16,500 fewer people than they did in 2009. The gains have all come from Ford, Honda, Toyota, VW, Nissan, et al. I'm glad to see the auto industry growing, but it's not because of anything the government did.