11.55 am, Friday March 09 2012

Obama boosts re-election drive at car show

08:45 AEDT Wed Feb 1 2012
AAP
VIEWS: 0
| FLOCKS: 0
| comments0 comments so far
Also on
The 'peeing' prankster.Peeing prankUS man tricks police in video Pamela Bou Sejean.Online pleaWoman needs stem cell donor A child soldier in the video.big dealAussies support Kony 2012 Threatened'Reply girl' cashes in bloomingKate 'thriving without Wills' slavery?The dark side of the catwalk

US President Barack Obama has taken a swipe at opponents, saying they would have let the US auto industry die.

He made the comments on a visit to an auto show in Washington on Tuesday to highlight his rescue of iconic US car firms.

Obama toured the exhibition and inspected 15 gleaming new electric and hybrid vehicles made by Ford, Dodge (a Chrysler brand) and General Motors.

"When you look at all these cars, it is testimony to the outstanding work that's been done by workers - American workers, American designers," Obama said.

"The fact that GM is back, number one, I think shows the kind of turnaround that's possible when it comes to American manufacturing," said the president, who favours using government in some cases to create conditions for jobs growth.

"It's good to remember that ... there were some folks who were willing to let this industry die.

"Because of folks coming together, we are now back in a place where we can compete with any car company in the world."

"And these are not only selling here in the United States, they also serve as a platform for us to sell product all around the world."

Obama's comments appeared to be a swipe at Republican presidential frontrunner Mitt Romney over his initial criticism of the idea of shoring up iconic auto giants General Motors and Chrysler with federal funds.

President Obama argues that his federal funding and bankruptcy plan for the two firms, inherited from former president George W Bush, saved the US auto industry.

Obama is sure to stress the auto bailout when he campaigns for re-election in the industrial midwest, especially in Michigan, the state where Romney grew up as the son of an auto executive.

Romney, apparently seeking to capitalise on public fatigue with bailouts, argued that the firms should have gone through bankruptcy - which they later did - without a prior cash injection which eventually hit $US82 billion (about $A78 billion).

Obama signed off on the risky and unpopular bailout, seeking to save thousands of jobs, after concluding that if GM and Chrysler had failed, the entire auto parts support industry, as well as a third firm Ford could have also gone under.

 
Diamond watch PHOTOS: World's most expensive watch showcased in Basel. Joseph Kony.Kony 2012 VIDEO: Ugandans unaware of social media campaign. Miranda Kerr.'Cringe-worthy' VIDEO: Kerr sings in bizarre Japanese commercial. Tablet timeApple unveils 'next level' iPad with sharper screen. Tara belts out 'Someone Like You'.Singing ban VIDEO: Iranian teen risks punishment for Adele performance. Rijana Gray and Louise Armitage'We need to help' VIDEO: Aussie teens supporting Kony 2012 campaign.

Most popular

 US woman kept father's body in icebox for yearsA woman who kept her father's decomposing body in an ice box for years so she could continue to collect his Social Security checks was charged Thursday with mutilating his corpse and failing to lawfully dispose of his remains
 Kony2012: Someone forgot to tell UgandaWhile an unprecedented social media campaign to bring down African warlord Joseph Kony swept across the rest of the world, Ugandan locals knew nothing of their sudden fame.
 Victorian cancer patient makes public pleaA desperate woman suffering from cancer has turned to Facebook to search for a chance at recovery.
 Levee will hold, Narrandera mayor saysA levee system defending Narrandera should hold, the town's mayor says, as the Murrumbidgee River is due to peak at nine metres in the town at noon.
 Collar bomb 'may have been mistaken identity'The bizarre hoax bomb threat that terrorised Sydney teenager Madeleine Pulver may have been a case of mistaken identity.
 More Dotcom convictions revealedOfficial documents have revealed that Kim Dotcom was convicted on eight charges in Hong Kong after he was granted New Zealand residency.
 US woman uses food stamps after lottery winA million dollars may not go as far as it used to, but one Michigan lottery winner thought it wasn't enough to stop her from collecting food stamps.
 Son of dead couple charged with murderA man has been charged with the murder of his parents, found stabbed to death in their home in suburban Darwin.
 UK, Italian hostages killed in NigeriaBritish Prime Minister David Cameron says one British and one Italian hostage held in Nigeria have been killed during a rescue attempt.
 Earth braces for massive space stormA pair of steamy explosions on the Sun's surface in recent days is sparking the biggest radiation and geomagnetic storm the Earth has experienced in five years, space weather experts said.
advertisement
Be our fan on Facebook
Most Recommended
You need the latest version of Flash Player.
Enjoy the most vivid content on the web
Watch video without extra features
Interact with applications on your favourite sites
Upgrade now

page complete