President Barack Obama and Vice President Joe Biden praised Chrysler, plant worker, and the American auto industry for doing what was necessary to be competitive in the 21st century. Obama says the successful auto restructuring was a lesson to everyone not bet against America.
Biden said it was good to see for the first time in years, the auto industry is leaner, more competitive, and hiring again. During the visit, Chrysler announced it will spend over $800 million to modernize the transmission and casting plants in Kokomo to produce a new front wheel drive transmission for Chrysler vehicles.
Republican state Representative Eric Turner says it‘s an honor to have the president visit and even though he may not have voted for it, he says the recovery money has definitely helped the area.
“Anytime we help provide jobs for our citizens and help the economy move forward I think it’s a good thing and I want to help support our president in that effort,” Turner said.
Howard County Republican chairman Craig Dunn acknowledges the auto-bail out has saved jobs, but says he is afraid the massive amount of debt being accrued.
“We may have short benefit here, but my grandchildren…I’m a little concerned about what kind of economic environment they’ll inherit with the debt load that’s been run up here,” said Dunn.
Network Indiana contributed to this article.