President Obama Weekly Address: The Auto Industry Recovery and Memorial Day
Monday, May 30th, 2011
On this weekly radio address to the nation, Vice President Biden highlighted the resurgence of the American automobile industry. This week, Chrysler Corporation repaid its U.S. government loans six years ahead of schedule, and GM announced its Detroit Hamtramck plant was taking on three shifts for the first time in its 26-year history. In a visit to a Chrysler dealership in Manchester, NH, the Vice President spoke with the hard-working Americans who have helped rebuild one of America’s great manufacturers. And as Memorial Day approaches, the Vice President encouraged all Americans to thank the servicemen and women of past and present who have sacrificed so much for our country.
“Hello, everyone. I hope you’re having a safe and enjoyable Memorial Day Weekend. I’ve got some good news for us today. Not only is our economy overall growing, but one of the important sectors of our economy is on the rise again: the American automobile industry.
Just a few days ago, on Tuesday, Chrysler Corporation announced that they were repaying the taxpayers for the loans we gave them when we came into office.
And this announcement came six years ahead of schedule – and just two years after Chrysler Corporation emerged from bankruptcy. You know, and it’s a sign of what’s happening throughout the American automobile industry.
It’s not just Chrysler. Also this week, GM announced that its Detroit Hamtramck factory will run three shifts for the first time its 26-year history. You know, that’s 2,500 more good, paying jobs.









The Republican Weekly Address was delivered by House Majority Leader Eric Cantor of Virginia. He talked about the history of the US in facing obstacles and overcoming them. He coupled this history with the current obstacles of the stagnation of economic and job growth and prosperity.
This week the President embarked on a six-day trip to Europe, visiting Ireland, the United Kingdom, France and Poland to engage our allies in the region on a host of issues. While overseas, the President pledged support for those back home affected by devastating tornadoes in Missouri and across the Midwest. Before leaving, the President met with Israeli Prime Minister Netanyahu and went to the CIA Headquarters in Langley, VA.
















