How did President Obama propose to use the remaining TARP funds?

President Obama proposed to use the remaining Troubled Asset Relief Program (TARP) funds primarily to support General Motors and Chrysler as part of efforts to stabilize the American automotive industry during the financial crisis. The allocation of TARP funds to these auto companies was essential for their survival and the preservation of jobs in a sector that was pivotal to the economy. The goal was to prevent a complete collapse, which would have had widespread impacts on the manufacturing sector and the overall economy.

While other uses of TARP funds, such as investing in infrastructure or providing tax relief, were discussed in various contexts during Obama's presidency, the immediate focus after the financial crisis was on the automotive industry. The decision to support these companies reflected a commitment to reviving American manufacturing and preventing the extensive job losses that would have resulted from their bankruptcies.