OBAMA & CLEAN ENERGY

Just one year after President Obama decided to stave off another Great Depression, assuming a very high risk for saving General Motors and Chrysler from a bankruptcy process, he heads to Michigan today, as part of his summer of economic recovery tour.

There are still many opponents of that bailouts, but the president have argued those were “tough decisions” in order to rescue the domestic auto producers and save communities from economic devastation. Now the revivals of General Motors and Chrysler are in progress and Obama will visit the companies as their most important investor.

In Michigan the unemployment rate is over 13 percent, placing the state on the second position in the nation, but this year will be the strongest in the last decade for the auto industry, according to government estimations.

General Motors is poised to re-list on the stock exchange after it returned to profit and the sales for last month jumped 11 percent from the year-ago period. Even the critics are surprised by first impressions of the Volt, another electric car which is part of Obama’s clean energy plan.

President Barack Obama will travel next week to Chicago, visiting a Ford plant which received a loan from the Department of Energy, so that 1,200 new workers was recently added there.

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