President Barack Obama said in two separate speeches in Colorado Thursday that what he did with the auto industry – a taxpayer bailout followed by bankruptcy and restructuring — “we can do it in manufacturing across America.”
This comes just a month after president called the auto bailout his theory of betting on American business.
Obama on Thursday did not mention a taxpayer bailout for other sectors of the manufacturing industry, but that is what the federal government did for General Motors and Chrysler when the two auto firms hit a financial crisis in 2008.
Read more.