President Obama delivered a fiery speech at the United Autoworkers Convention in Washington on Tuesday morning, defending his actions to "rescue" the auto industry:
And you know why I knew this rescue would succeed? It wasn’t because of anything the government did. It wasn’t just because of anything management did. It was because I believed in you. I placed my bet on American workers. And I’d make that same bet again any day of the week. Because three years later, that bet is paying off for America. Three years later, the American auto industry is back.