“It’s good to remember that the fact that there were some folks who were willing to let this industry die. Because of folks coming together, we are now back in a place where we can compete with any car company in the world.” — President Obama
In giving this claim a two-Pinocchio rating, the Fact Checker writes, "Okay, out of 300 million Americans, maybe there were “some folks” who felt the auto industry should die. But Obama appeared to be suggesting that GOP lawmakers were willing to let the auto industry collapse. On that basis, the evidence is not very strong. The quotes we received — and others we researched — were mostly questions of tactics. As the administration’s internal debate suggests, the answers were not clear. Certainly, some top administration officials thought at least one car company should die. Obama deserves credit for making some tough calls on the auto industry, building on difficult decisions by George W. Bush and his team. A good chunk of the billions of dollars in taxpayer funds may never be recovered but both GM and Chrysler are still in business, selling cars. The dire predictions of opponents have turned out to be incorrect."