Brent dips below US$50

Obama touts auto bailout success, Michigan worries about trade

By Jeff Mason WAYNE, Mich. (Reuters) – President Barack Obama, on a trip to unveil elements of his State of the Union address, took a victory lap in Michigan on Wednesday to tout his support of the auto industry, but concerns about trade policies hung in the background of his tour. “America’s resurgence is real,” Obama said at a Ford Motor Co plant near Detroit after walking around the factory and sitting in a Mustang. Obama noted that his government-backed bailout of the auto industry was not popular, even in Michigan, but had been a success. …

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