Obama Calls for Aid to U.S. Auto Industry, With Conditions
President-elect Barack Obama said the government needs to provide help to U.S. automakers on condition that management, labor and lenders come up with a plan to make the industry “sustainable.”
Auto Show “For the auto industry to completely collapse would be a disaster in this kind of environment — not just for individual families but the repercussions across the economy would be dire,” Obama said in an interview broadcast this evening on CBS News’s “60 Minutes.” Government aid could come in the form of a “bridge loan,” he suggested.
Obama reiterated his intention to close the U.S. detention center at Guantanamo Bay, Cuba, and ban torture during interrogation of suspected terrorists as part of “Auto Show an effort to regain America’s moral stature in the world.”
He said that after he takes office, he will begin executing a plan to draw down U.S. troops in Iraq and send some to Afghanistan, “which has continued to worsen.”
Obama said it is “a top priority for us to stamp out al- Qaeda once and for all,” and that a critical aspect will be capturing or killing Osama bin Laden. The terrorist group’s leader is “not just a symbol” but remains “the operational leader of an organization that is planning attacks against U.S. targets,” the president-elect said.
Tags: Auto Show, barack obama, bridge loan, cbs news, critical aspect, government aid, guantanamo bay cuba, interrogation, management labor, operational leader, president elect, repercussions, troops in iraq
