Political Quotes

On the recordDecember 14, 2011
Let me just add to this. This was a result of the stimulus bill that put the money there, if need be, to rebuild certain sectors of America. President Obama courageously, and with enormous opposition from Republicans, said, I will not let the American automotive industry die. This is a fundamental industry in the United States; I will not let it die. And so he authorized the money that went to bail out General Motors and Chrysler. Ford didn't take advantage of it because they had a different financial situation. But the result of that is precisely what you've described. It is precisely the saving of the American automotive industry and all of supply chain that goes with it. A very courageous action by the President, one that worked for the benefit of America so that we can once again make it in America. I'm going to wrap this up very quickly because I know you have a couple of things you want to talk about with regard to Wall Street.
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John Garamendi
Democratic · California

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