- ISTOOK: IRS “wants to throw us in jail,” says tea party leader
- Easter woes: Chocolate costs soar, becoming ‘unaffordable’ luxury
- Michaels craft chain confirms hackers hit 3M customers
- Special Forces’ suicide rates hit record levels — casualties of ‘hard combat’
- Many Americans would quickly face financial hardship after losing job, poll shows
- Toronto Mayor Rob Ford thanks supporters at re-election campaign bash
- Texas seizes polygamist Warren Jeffs’ 1,600-acre ranch
- Publisher unveils Hillary Clinton’s new memoir — ‘Hard Choices’
- Britain’s Labour Party hires David Axelrod — but can’t spell his name
- Washington and Lee law students demand ban on Confederate flag, say Gen. Lee was racist
Obama talks up auto industry rescue: More cars, better cars
President Obama on Saturday touted his administration’s rescue of the American auto industry, a theme the president and vice president have been hammering home on the campaign trail, especially in swing state Ohio.
“Just a few years ago, the auto industry wasn’t just struggling — it was flatlining,” Mr. Obama said in his weekly prerecorded Saturday address. “But we refused to throw in the towel and do nothing. 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.”
“All of this is something the American people can and should be proud of,” he added. “It’s a reminder that when the American people put their mind to something, there’s nothing we can’t do.”
Mr. Obama, who is preparing for the crucial second presidential debate Tuesday night with GOP challenger Mitt Romney, was in Ohio on Tuesday and is scheduled to return to the Buckeye State next week.
Mr. Romney and his running mate, Paul Ryan, have also crisscrossed the state this week, and both men have events scheduled in Ohio on Saturday.
Mr. Obama and his running mate, Vice President Joseph R. Biden, have emphasized the 2009 auto bailout in Ohio, where one in eight jobs are related to the industry. In Saturday’s address, the president noted that new car sales are at a four-year high.
General Motors, Ford, and Chrysler are all taking steps forward, the president said.
He also pointed to GM’s announcement this week that it plans to hire 1,500 more workers for a new Michigan research center.
“GM is back,” the president said. “Ford and Chrysler are growing again. Together, our auto industry has created nearly a quarter of a million new jobs right here in America.”
Not only is the Motor City making more cars and trucks, Mr. Obama said, but it’s making better ones.
He pointed to his administration’s efforts to raise fuel standards so that in a little more than a decade American-driven cars and trucks will average nearly 55 miles per gallon. That’s almost twice as much as today.
“That means you’ll only have to fill up every two weeks instead of every week,” Mr. Obama said. “It’s good for your wallet, it’s good for our economy, and it’s good for the environment.”
The president also highlighted the potential of the free trade agreement he signed last year with South Korea to put more American cars on the road in foreign countries.
“I want to see more cars on the road in places like South Korea imported from Detroit and Toledo and Chicago,” Mr. Obama said.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
Tim Devaney is a national reporter who covers business and international trade for The Washington Times. Previously, he worked for the Detroit News, Grand Rapids Press, Portland Press Herald and Bangor Daily News. Tim can be reached at firstname.lastname@example.org.
- Dysfunction, disarray at Homeland Security management cited in IG's report
- GM's Barra to be first woman to run top American carmaker
- Treasury sells last shares in 'Government Motors'
- U.S. businesses reach out quickly to partners in Iran
- General Motors ending Chevrolet sales in Europe to focus on Opel and Vauxhall
Latest Blog Entries
TWT Video Picks
- Harry Reid blasts Bundy ranch supporters as 'domestic terrorists'
- Immigration still on hold: Boehner's office
- Inside China: Marine's comment on islands draws sharp Chinese response
- Supreme Court weighs appeal to concealed-carry gun laws
- Prosecutors seek arrest warrant for ferry captain in South Korea
- PRUDEN: When a bored president just 'mails it in'
- With pot and e-cigarettes, Big Tobacco is just waiting to inhale emerging markets
- Army goes to war with National Guard, seizes Apache attack helicopters
- CBO shows it's Paul Ryan 4, Obama 0 on budget targeting
- CARSON: Recovering Tocqueville's vision of American exceptionalism
Top 10 handguns in the U.S.