Ted Strickland Quotes
The auto industry is standing today. The middle class is standing today. Ohio is standing today. America is standing strong today.
Strickland, Ted. "Transcript: Ted Strickland's Speech at the DNC." NPR, 4 Sept. 2012.
In the Meltdown of 2008, the American Auto Companies were in dire straights and faced bankruptcy with no certainty that the industry could stay alive., They were running out of money and President Obama decided to make loans, take stock and control and force modernizing on the industry. As a result, and with some Toyota mismanagement, the companies returned to profitability and paid back their government loans early and as a result the bailout had not cost the taxpayers any money. Creditors however were outraged that the lost their preferred advantage had their been a bankruptcy.
This was a fundamental principle of the Republican party in the middle of the 20th century. However, by the end of that century, Republican doctrine, with the support of the Military-Industrial Complex {641114}, had changed to place defense spending as the highest priority—so much so that the huge deficits created by the massive defense spending weakened the financial solvency that Eisenhower had warned that was more fundamental.
Theodore Strickland is an American politician who was the 68th Governor of Ohio, serving from 2007 to 2011. A member of the Democratic Party, he previously served in the United States House of Representatives, representing Ohio's 6th congressional district (1993–1995, 1997–2007).