Page 2 - Deb Sumner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

those were tough times. five years ago, plants like this one were closing their doors. and the day i stepped into the oval office, the american auto industry, which is the heartbeat of american manufacturing, heartbeat of american manufacturing. the auto industry was flatlining. ford was standing on its own two feet, had made some smort decisions, but allen will tell you, if gm and chrysler had gone down, suppliers would go down. dealers would have gone down. and all of that would have had a profound impact on ford. i refused to let that happen so we worked with labor, we worked with...

0 and millions of americans lost their jobs, their homes, their savings. they had been working a lifetime to get. but what the recession also showed was the fact that for decades, middle-class families had been working harder and harder just to get by, hadn't seen their incomes go up, hadn't seen their wages go up. manufacturing was moving overseas. and so what built our middle class had been buckling. had been weakening. and i think if you ask most americans when the economic crisis hit, they might not date it to lemans brothers collapsing. they would talk to you about when they got a pink sl...