CHICAGO - Recently, U.S Secretary of Treasury Tim Geithner visited Chicago to deliver a keynote speech on the U.S. economy at the Economic Club of Chicago breakfast. He then joined Congressman Jesse Jackson Jr. at Ford’s Chicago Stamping Plant to emphasize the importance of manufacturing in America, specifically the automotive industry.
During his keynote speech at the breakfast, Geithner noted positive shifts in the economic recovery.
"I see the competitive playing field shifting in our favor, and that's a really encouraging thing," he said. "So I'm going to Ford. I do this across the country in order to get a better feel for how things are going in the economy and autos are really very strong right now."
Congressman Jackson joined Geithner’s enthusiasm for positive changes in the automotive industry.
"American manufacturing is on the rebound," Jackson said. "And when one considers that just three short years ago the automotive industry was in near collapse – the Ford plant is now not only expanding but we're adding another shift here."
"We have seen an upturn," Mary Culler, regional director, Ford Governmental Affairs. "We certainly appreciate that the administration has been supportive of the auto industry. And we've certainly invested in our plants and we made commitments early on that helped us weather the storm."
While touring the facility the Secretary and Congressman were welcomed by the Local UAW 588 and Chicago Stamping team who educated the dignitaries on the tool and die processes of a stamping plant as well as the workings of the assembly area.
Following the plant tour, Geithner did a series of interviews for Fox Business while at Chicago Stamping, discussing economic issues with news reporter Liz Claman. Fox Business then reported live from the Chicago Stamping Plant for the remainder of the afternoon.