President's top manufacturing advisor "cautiously optimistic" about US auto recovery

Jan 11, 2011

The head of President Obama’s Auto Task Force paid a visit to the North American International Auto show.   Ron Bloom is also the President’s top advisor on manufacturing policy. Bloom and Michigan Senator Debbie Stabenow toured Detroit automakers’ exhibits at the auto show.   Bloom says the Obama administration is “cautiously optimistic” about the U.S. auto industry’s recovery.   He says automakers’ profits are “better than expected," but admits that job growth is slower than he’d like. Still, he’s optimistic.  

“The companies have added 75,000 jobs since the bottom. Now they lost a lot of jobs. But the companies are adding jobs. And all of them I think are demonstrating that they can make cars and make money in America.”

  Bloom says the auto industry’s recovery is a good example of how government and the private sector should work together.   He says the government’s role in helping the industry recover is “a metaphor for the broader question of re-building manufacturing in America.”