Is this also Belvidere and its Chrysler plant? But how many residents see it that way?
Kokomo is going back to work.
Economists disagree over the real nationwide impact of the massive stimulus jolt orchestrated by President Obama. But here in Kokomo, the Recovery Act and Obama's auto bailout have jolted Kokomo back to life -- keeping big industry from fleeing and attracting newcomers as well.
A year and a half ago the fate of this car town, home to four Chrysler plants and a Delphi facility, was as uncertain as the American auto industry itself.
Now, thanks largely to the federal government, the town's unemployment rate has gone from over 20% to under 14%.
Click on the following for more of the details: a-town-saved-by-stimulus: Personal Finance News from Yahoo! Finance
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