PresidentBarackObamaWeeklyAddress:OneMillionAmericanJobsSavedandaStrongerAmericanAuto
Industry
TheWhiteHouseOctober13,2012
Hi,everybody.
Everyyeararoundthistime,Americancarcompaniesstartrollingouttheirnewest,shiniestmodels,hopingtoenticeyouintobuyingone.It’sDetroit’schancetoshowyouwhatthey’vebeenworkingon–thelatestandgreatest.Andthisyearisnoexception.They’vegotsomeprettygood-lookingcarscomingout.
Butsomethingisdifferentthistimearound–anditstartswiththeautocompaniesthemselves.
Justafewyearsago,theautoindustrywasn’tjuststruggling–itwas
flatlining.GMandChryslerwereonthevergeofcollapse.Suppliersanddistributorswereatriskofgoingunder.Morethanamillionjobsacrossthecountrywereontheline–andnotjustautojobs,butthejobsofteachers,smallbusinessowners,andeveryoneincommunitiesthatdependonthisgreatAmericanindustry.
Butwerefusedtothrowinthetowelanddonothing.WerefusedtoletDetroitgobankrupt.WebetonAmericanworkersandAmericaningenuity,andthreeyearslater,thatbetispayingoffinabigway.
Today,autosalesarethehighestthey’vebeeninmorethanfouryears.GMisback.FordandChrysleraregrowingagain.Together,ourautoindustryhas 