February 24, 2009

Barack Obama Tells Germany Not To Abandon Their Auto Industry

Robert Farago quoting President Obama:
“As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices.

“But we are committed to the goal of a re-tooled, re-imagined auto industry that can compete and win. Millions of jobs depend on it. Scores of communities depend on it. And I believe the nation that invented the automobile cannot walk away from it.”
Posted by James Zellmer at February 24, 2009 9:45 PM | Subscribe to this site via RSS:
Posted to Cars | Current Events | Politics | Taxes