Originally published on Tue September 11, 2012 2:07 pm
Credit Lam Thuy Vo / NPR
It's been four years since the U.S. launched a massive bailout of the financial system and the auto industry. While much of the bailout money has been paid back, the government still owns large shares in companies such as AIG and GM, and has yet to recoup some $200 billion in bailouts.
"All three Detroit automakers saw double-digit sales increases in August compared with the same month last year," the Detroit Free Press writes. The gains "show that the automotive industry remains one of the economy's few bright spots," it adds.
There are claims flying back and forth today over whether Republican vice presidential nominee Paul Ryan has falsely accused President Obama of breaking a promise to make sure a GM plant in Ryan's hometown stayed open.