President Obama went over to Toledo, Ohio, to thank the workers at a Chrysler plant for the bailed-out auto industry’s newfound profitability, but, as this video attests, the workers of that community are not feeling the love from Obama’s corporate welfare.
Here is an excerpt from the president’s speech on June 3 in Toledo:
So we decided to do more than just rescue the industry from crisis. We decided to retool it for a new age. We said that if everyone involved was willing to take the tough steps and make the painful sacrifices that were needed to become competitive, then we’d invest in your future and the future of communities like Toledo; that we’d have your back.
So I placed my bet on you. I put my faith in the American worker. And I’ll tell you what—I’m going to do that every day of the week, because what you’ve done vindicates my faith.
Today, all three American automakers are turning a profit. That hasn’t happened since 2004. Today, all three American automakers are gaining market share. That hasn’t happened since 1995. And today, I’m proud to announce the government has been completely repaid for the investments we made under my watch by Chrysler because of the outstanding work that you guys did. (Applause.) Because of you. (Applause.)