Obama Touts Benefits of Auto Bailout as Debate Looms

Obama focuses on the auto bailout in his weekly address highlighting the strength of industry, underscoring rival Romney's opposition to industry rescue.

Published

7 months ago

Categories

US

Topics

Auto, US Politics, United States

People

Barack Obama, Mitt Romney

Places

United States of America, Michigan, Detroit

Transcript

As U.S. President Barack Obama is preparing for a crucial second debate against rival Republican Mitt Romney, he is touting the benefits of the U.S. auto industry bailout -- one of his signature actions as President -- in his weekly address (SOUNDBITE) (English) UNITED STATES PRESIDENT BARACK OBAMA, SAYING: "We refused to let Detroit go bankrupt. We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way. Today, auto sales are the highest they've been in more than four years. " Obama is reminding voters that he came to the industry's rescue -- while opponent Romney had opposed government help for automakers.