Category: News Author : Duncan Riley Posted: December 7, 2008
Tags : meet the press, meet the press obama, nbc, obama
President Elect Barack Obama’s told Tom Brokaw in an interview on Meet The Press Sunday that the American car industry cannot be allowed to fall, calling GM, Ford and Chrysler the “backbone” of American manufacturing.
Obama said that the three had made “repeated strategic mistakes” but millions of Americans rely on the big three for their jobs, directly or indirectly, so they should not be consigned to court-supervised bankruptcy as some people have suggested.
Obama did say though that he wanted the assistance to be conditioned on restructuring.
“That means we’re going to have to figure out how to put the pressure in the same way a bankruptcy court would … but do so in a way that allows them to keep their factory doors open.”
“The auto industry doesn’t have a sustainable business model and needs to develop more fuel-efficient cars…such changes should have been made decades ago.”
Full Obama Meet The Press Interview as follows:
![[Pic] Embarrassing Sushi](http://www.inquisitr.com/wp-content/2011/08/bukkake-sushi-100x100.jpg)
![[Graph] I’m telling](http://www.inquisitr.com/wp-content/2010/07/who-will-hear-about-this-100x100.png)
![Moving a Pic in MS Word [Graph]](http://www.inquisitr.com/wp-content/2012/02/microsoft-word-insert-picture-100x100.png)
Dec 7, 2008
TAKE BACK CONTROL OF MONEY
The American economy rests on the back of the American worker and consumer. Taxpayers own the government and currency is only a tool enabling commerce.
Take charge of it. Get it working for you, not against you.
http://pacificgatepost.blogspot.com/2008/12/rev…
Once this is done, the other problems will resolve naturally, including home owners making their mortgage payments.
Jan 20, 2009
Obama said that the three had made “repeated strategic mistakes” but millions of Americans rely on the big three for their jobs, directly or indirectly, so they should not be consigned to court-supervised bankruptcy as some people have suggested. ————————— agreed
Mar 26, 2009
What obama told is really true..The backbone of U.S is car industries..Its his duty to save..
reverse mortgage lender
Mar 27, 2009
Its true..Car industries are the backbone of the nation..Hope obama will save the car industries from economic crisis..
reverse mortgage lender