Obama’s Rescue of the Auto Industry Starts to Pay Off

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Speaking of things that President Obama doesn’t get enough credit for:

Total auto sales for the month were just under 1.3 million, 19.9% higher than a year earlier. That would put the annual pace at 14.5 million vehicles, the best of any month since the federal “cash for clunkers” economic stimulus program in August 2009 and a rate 2 million vehicles ahead of August 2011’s.

….Fuel-efficient vehicles were especially good sellers as gas prices neared or crossed $4 a gallon in much of the nation. Sales of Toyota’s Prius hybrid more than doubled to more than 21,000 vehicles….General Motors Co. said its Chevrolet passenger car sales jumped 25%, with gas sippers such as the Spark, Sonic, Cruze and Volt plug-in hybrid all posting their best-ever monthly sales.

I won’t pretend to know whether GM and Chrysler can survive in the long run. Probably not. But then, you know what they say about the long run, don’t you?

Conversely, in the here-and-now, the Obama administration’s surprisingly dextrous rescue of GM and Chrysler saved upwards of a million American jobs and prevented the economy from tumbling even further toward the abyss than it did. Entire regions of the country would probably be in economic devastation today if Obama hadn’t acted as he did.

But he did, against the opposition of nearly the entire Republican Party. The Big Three all have at least a fighting chance at long-term survival, a million workers still have jobs, and the economy is starting to recover. Not bad.

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Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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