Obama Promotes Auto Rebirth in One of ‘Dying Towns’

President Barack Obama defended the federal aid to General Motors Co. and Chrysler Group LLC, saying it was the “right decision” to save a major sector of the economy and the jobs that go with it.

Obama stopped today in Kokomo, Indiana, a town hard hit by the recession and the struggles of the auto industry seeking to convince a skeptical public that his $814 billion stimulus and the bailouts of GM and Chrysler are paying economic dividends.