Obama promises not to walk out from the automobile industry

President Barack Obama pledged last night to hold U.S. automakers responsible for the bad practices but vowed to help out in making a retooled, re-imagined auto industry. In the comments which were prepared for the delivery to a joint session of Congress, Obama gave an abstemious assessment of the nation’s ills significantly the economic but he stated that they’ll reconstruct and recover and U.S. will emerge stronger than before in the market.

Obama stated the comment which he prepared through the speech regarding the midway “as for our auto industry, everyone identifies that years of bad decision-making and a world recession have pushed our automakers to the edge. We ought to not, and will not, protect them from their own awful practices. “

He also stated that automakers are devoted to the objective of a re-tooled, re-imagined auto industry that will compete and win. Numerous of jobs rely on it. Scores of communities rely on it. And he believes the nation that invented the automobile cannot walk out from it.