Wednesday, April 29, 2009

The Auto Industry question

Obama calls on the Detroit Press and they predictably ask about whether Obama supports bankruptcy for Chrysler and how he feels about progress at GM.
He says he's more "optimistic" about Chrysler than he was 30 days ago but that there's still a lot of work to do and a lot of negotiations going on.
Says he wants to get the "American government out of the auto industry as soon as possible." Parses his words carefully on continuing government intervention, leaves the door open for either option and doesn't rule out that more federal money will be needed, he does say that there's "tough choices" being made on all sides.

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