US Auto Industry – that Romney would have let go bankrupt – sees strong March sales

Chrysler sales jumped 34%

So – remember those American car companies that Mitt Romney says should have gone into bankruptcy? Those American car companies and all those American jobs? How about this:

The Big Three U.S. automakers all reported strong March sales, as buyers flocked to dealerships in numbers not seen in years to buy everything from fuel-efficient small cars to large pickups.

Chrysler reported its best month in four years, selling 163,381 cars and trucks in the month, up 34% from a year earlier, and its best results since March 2008. Sales were roughly in line with analyst forecasts for the company.

Chrysler, which four years ago had no models that got 30 miles per gallon or more on the highway, now has six models that top that fuel-efficiency benchmark. Those six models accounted for 29% of its March sales. And that’s before what is expected to be its hottest-selling fuel-efficient model, the Dodge Dart, reaches dealers in June.

President Obama backed the American worker.  And he was right.  We kept good jobs in the US and it’s helping the economy.  Plus a lot of the cars purchased were more fuel-efficient models.  Better for the environment.

See how this is all starting to add up as a good thing?

BUT – Mitt Romney says we are headed in the wrong direction.  Remember that Detroit.
(source)

Majority of Americans support saving the US auto industry

The latest national survey by the Pew Research Center for the People & the Press, conducted Feb. 8-12 among 1,501 adults, finds that 56% say the loans the government made to GM and Chrysler were mostly good for the economy, while 38% say the loans to the automakers were mostly bad for the economy.

Opinion about the auto loans has reversed since October 2009. At that time, just 37% said the loans were mostly good for the economy while 54% expressed negative views.

Republicans remain more skeptical than Democrats about the GM and Chrysler loans, but Republican support for the loans has nearly doubled since 2009 — from 23% then to 44% today.

That’s a net swing of 35 points in favor of the idea that the auto bailout was good for the economy.

“I’d do it again,” former President Bush said Monday during the closing address at the annual National Automobile Dealers Association convention in Las Vegas, according to The Detroit News. “I didn’t want there to be 21% unemployment.”

Chrysler repaid its loans last May, while GM has repaid about $23 billion. The U.S. Treasury owns 26% of GM’s shares. Chrysler reported a 2011 profit last week while GM, which is also profitable, will report full-year earnings next week.