The President's News Conference
09/14/2006
https://www.presidency.ucsb.edu...
Allowing the U.S. auto industry to collapse is not a responsible course of action.
My Presidency was defined by the attack on the country.
I will be known as somebody who saw a problem and put the chips on the table to prevent the economy from collapsing.
The time to make the hard decisions to become viable is now, or the only option will be bankruptcy.