In 2009, the President decided to extend emergency loans to GM and Chrysler—preventing the collapse of a major American industry:

The Rescue

-More than 1.1 million jobs saved in 2009, more than 310,000 jobs saved in 2010, and nearly $97 billion in personal income losses prevented

-More than 200,000 jobs added since June 2009—the most growth in a decade

-Industry expects to add 167,000 jobs by 2015