Think Electric Car Initiative Disappoints Hard-hit Elkhart
ELKHART, Ind. - Elkhart, Indiana lost jobs faster than any other city in the country in 2009. Both Democrats and Republicans promised to re-energize manufacturing in the city, backing a new electric car plant. But as CBS News investigated, instead of a boom, things went bust.
With unemployment peaking above 20 percent, Elkhart, Indiana was at the white-hot center of the economic meltdown, and a natural launch point for President Obama's electric vehicle initiative.
" So that's why I'm here today," the president said three years ago. "To announce $2.4 billion in highly competitive grants."
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