For the auto industry to completely collapse would be a disaster in this kind of environment, not just for individual families but the repercussions across the economy would be dire. So it's my belief that we need to provide assistance to the auto industry. But I think that it can't be a blank check.
Obama emphasizes the need for assistance to the auto industry while cautioning against providing unrestricted financial support.
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I think when we act on that basis, it doesn't always work out, but over time things do get better.
When we choose, when we make that decision, I do believe – and there is evidence for this – that the world gets incrementally better, and that is a worthy goal and it’s worth fighting for.
People need to “rediscover what’s the story we tell about how we’re going to live together, and see each other, and recognise each other, and disagree, and yet, still care for each other”.
And I will fight for that, even if I don’t always think it’s going to win.
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