President Barack Obama Receives Frost & Sullivan's GIL (Growth, Innovation and Leadership) Visionary Award

President Barack Obama Receives Frost & Sullivan's GIL (Growth, Innovation and Leadership) Visionary Award PR Newswire MOUNTAIN VIEW, California, Aug. 30, 2012 - Support of Automotive Industry is deemed to be vital to the long-term health of the U.S. economy MOUNTAIN VIEW, California, Aug. 30, 2012 /PRNewswire/ -- Frost & Sullivan believes that the true mark of leadership is when a person with great influence makes a tough, important decision in the face of great opposition. President Barack Obama's bold stance to support the U.S. automotive industry in 2009 serves as a perfect illustration of this point. As President of the United States, he displayed visionary perspective and genuine courage in making a crucial decision of great import to the industry and the country. For these qualities, Frost & Sullivan considers it an honor to bestow upon President Obama its GIL (Growth, Innovation and Leadership) Visionary Award. After President Obama took office, he faced an economy going in reverse, the financial infrastructure crumbling, the housing market failing, unemployment rising at alarming rates, and a country mired in two expensive wars. In the midst of this adversity, the U.S. automotive industry–the bedrock of American innovation in the 20th century–was threatened like never before. To have allowed the auto industry to be subject to pure free market influences would have risked, at a minimum, a prolonged decline of the industry.