Weekly Address: President Obama Says Promising News From the Auto Industry Doesn’t Reduce Need for Wall Street Reform

Washington, D.C.–(ENEWSPF)–April 24, 2010.

It was little more than one year ago that our country faced a potentially devastating crisis in our auto industry.  Over the course of 2008, the industry shed 400,000 jobs.  In the midst of a financial crisis and deep recession, both General Motors and Chrysler – two companies that for generations were a symbol of America’s manufacturing might – were on the brink of collapse.  The rapid dissolution of these companies…