But GM's market share is 17 percent today and "foreign" auto plants hum across the nation.
The list of auto companies with plants in the United States includes BMW, Honda, Hyundai, Kia, Mercedes-Benz, Nissan and of course, Toyota.
Buying American today doesn't mean what it meant 50 years ago.
GM's peril was overstated. The president seemed to imply that the company would have gone out of business entirely, which was never the case.
And there were losers in the bailout, said Republican Speaker of the House John Boehner of Ohio.
The president's action hurt "both the bondholders and the employees at the dealerships that were arbitrarily closed by the White House," Boehner said last month.
What is saving GM and the rest of the automotive industry is a slowly recovering economy. Automobile companies are expected to sell 15.5 million cars and trucks to Americans this year, the most since 2008.
Let us all agree that the government should never again force taxpayers to bail out a private company like this.