Readying for this week’s presidential debate, President Barack Obama practiced staying awake for 90 straight minutes while giving his weekly radio address. A large part of his comeback plans seems as if it might center on the controversial auto bailout. “We refused to let Detroit go bankrupt,” Obama said in his weekly radio address.
“We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way,” Obama said, presumably not referring to the at least $25 billion that the Treasury Department said in August the tax payer would lose over the auto bailout. Romney had and continues to oppose tax payer money going to the automakers.
In the weekly address, Obama also touted the trade agreements his administration has signed that will place more American cars on the roads in “places like South Korea.” He added that he was likewise proud of the fuel efficiency regulations he has helped put in place saying, “after 30 years of inaction, we raised fuel standards so that by the middle of the next decade, cars and light trucks will average almost 55 miles per gallon – nearly double what they get today.”