"As for our auto industry, everyone recognizes that years of bad
decision-making and a global recession have pushed our automakers to the
brink. We should not, and will not, protect them from their own bad
practices. But we are committed to the goal of a retooled, re-imagined auto
industry that can compete and win. Millions of jobs depend on it. Scores of
communities depend on it. And I believe the nation that invented the
automobile cannot walk away from it."
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