From July 30, 2010:
(ABC News) — Saying that his critics will now have to acknowledge that they were wrong, President Obama traveled to Michigan today to tout the revival of the auto industry after his administration’s controversial bailout of General Motors and Chrysler last year using tens of billions of taxpayer dollars.
In his shirt sleeves, Obama gave a rousing defense of the bailout to 1,500 workers at a Chrysler plant in Detroit. While their future was in doubt a year ago, he said, they have proven the naysayers wrong and the industry is on the upswing.
Obama said Thursday that the government will recover all of the taxpayer money used in the auto industry bailout last year and held it up as an example of “a good story” in his administration’s economic efforts.