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President Barack Obama Weekly Address October 13, 2012 (Video/Transcript)
Remarks of President Barack Obama
The White House
October 13, 2012
Every year around this time, American car companies start rolling out
their newest, shiniest models, hoping to entice you into buying one.
It’s Detroit’s chance to show you what they’ve been working on – the
latest and greatest. And this year is no exception. They’ve got some
pretty good-looking cars coming out.
But something is different this time around – and it starts with the auto companies themselves.
Just a few years ago, the auto industry wasn’t just struggling – it
was flatlining. GM and Chrysler were on the verge of collapse. Suppliers
and distributors were at risk of going under. More than a million jobs
across the country were on the line – and not just auto jobs, but the
jobs of teachers, small business owners, and everyone in communities
that depend on this great American industry.
But we refused to throw in the towel and do nothing. We refused to
let Detroit go bankrupt. We bet on American workers and American
ingenuity, and three years later, that bet is paying off in a big way.
Today, auto sales are the highest they’ve been in more than four
years. GM is back. Ford and Chrysler are growing again. Together, our
auto industry has created nearly a quarter of a million new jobs right
here in America.
And we’re not just making more cars and trucks – we’re making better ones.
After 30 years of inaction, we raised fuel standards so that by the
middle of the next decade, cars and light trucks will average almost 55
miles per gallon – nearly double what they get today. That means you’ll
only have to fill up every two weeks instead of every week. It’s good
for your wallet, it’s good for our economy, and it’s good for the
The technology that makes it happen will also help America stay on
the cutting edge for decades to come. Just this week, GM announced they
plan to hire 1,500 workers for a new research center in Michigan to help
make sure the high-tech cars of tomorrow are designed and built right
here in America.
I’ve also signed new bipartisan trade agreements into law, because I
want to see more cars on the road in places like South Korea imported
from Detroit and Toledo and Chicago.
All of this is something the American people can and should be proud
of. It’s a reminder that when the American people put their mind to
something, there’s nothing we can’t do.
So next time you see one of those brand new 2013 models on TV or on
the lot, think about how far we’ve come together. Think about how –
thanks to the hard work and can-do spirit of the American people – more
of those cars and trucks are being manufactured by American workers at
American companies in communities all across the country. And they’re
going to save you more money at the pump.
That’s what America is all about. When we get knocked down, we get
back up. We come back stronger. And as long as I’m President, that’s
what we’ll keep doing.