“As long as you’ve got an ounce of fight left in you, I’ll have a ton of fight left in me.” – President Barack H. Obama
TRANSCRIPT:
THE PRESIDENT: How’s it going, UAW? (Applause.) It is good to be with some autoworkers today! (Applause.) All right. Everybody have a seat, get comfortable. Go ahead and get comfortable. I’m going to talk for a little bit. (Applause.)
First of all, I want to say thank you to one of the finest leaders that we have in labor — Bob King. Give it up for Bob. (Applause.) I want to thank the International Executive Board and all of you for having me here today. It is a great honor. I brought along somebody who is proving to be one of the finest Secretaries of Transportation in our history — Ray LaHood is in the house. Give Ray a big round of applause. (Applause.)
It is always an honor to spend time with folks who represent the working men and women of America. (Applause.) It’s unions like yours that fought for jobs and opportunity for generations of American workers. It’s unions like yours that helped build the arsenal of democracy that defeated fascism and won World War II. It’s unions like yours that forged the American middle class — that great engine of prosperity, the greatest that the world has ever known.
So you guys helped to write the American story. And today, you’re busy writing a proud new chapter. You are reminding us that no matter how tough times get, Americans are tougher. (Applause.) No matter how many punches we take, we don’t give up. We get up. We fight back. We move forward. We come out the other side stronger than before. That’s what you’ve shown us. (Applause.) You’re showing us what’s possible in America. So I’m here to tell you one thing today: You make me proud. (Applause.) You make me proud.
Take a minute and think about what you and the workers and the families that you represent have fought through. A few years ago, nearly one in five autoworkers were handed a pink slip — one in five. Four hundred thousand jobs across this industry vanished the year before I took office. And then as the financial crisis hit with its full force, America faced a hard and once unimaginable reality, that two of the Big 3 automakers — GM and Chrysler — were on the brink of liquidation.
The heartbeat of American manufacturing was flat-lining and we had to make a choice. With the economy in complete free fall there were no private investors or companies out there willing to take a chance on the auto industry. Nobody was lining up to give you guys loans. Anyone in the financial sector can tell you that.
So we could have kept giving billions of dollars of taxpayer dollars to automakers without demanding the real changes or accountability in return that were needed — that was one option. But that wouldn’t have solved anything in the long term. Sooner or later we would have run out of money. We could have just kicked the problem down the road. The other option was to do absolutely nothing and let these companies fail. And you will recall there were some politicians who said we should do that.
AUDIENCE: Booo —
THE PRESIDENT: Some even said we should “let Detroit go bankrupt.”
AUDIENCE: Booo —
THE PRESIDENT: You remember that? (Applause.) You know. (Laughter.) Think about what that choice would have meant for this country, if we had turned our backs on you, if America had thrown in the towel, if GM and Chrysler had gone under. The suppliers, the distributors that get their business from these companies, they would have died off. Then even Ford could have gone down as well. Production shut down. Factories shuttered. Once-proud companies chopped up and sold off for scraps. And all of you, the men and women who built these companies with your own hands, would have been hung out to dry.
More than one million Americans across the country would have lost their jobs in the middle of the worst economic crisis since the Great Depression. In communities across the Midwest, it would have been another Great Depression. And then think about all the people who depend on you. Not just your families, but the schoolteachers, the small business owners, the server in the diner who knows your order, the bartender who’s waiting for you to get off. (Laughter.) That’s right. (Applause.) Their livelihoods were at stake as well.
And you know what was else at stake? How many of you who’ve worked the assembly line had a father or a grandfather or a mother who worked on that same line? (Applause.) How many of you have sons and daughters who said, you know, Mom, Dad, I’d like to work at the plant, too? (Applause.)
These jobs are worth more than just a paycheck. They’re a source of pride. They’re a ticket to a middle-class life that make it possible for you to own a home and raise kids and maybe send them — yes — to college. (Applause.) Give you a chance to retire with some dignity and some respect. These companies are worth more than just the cars they build. They’re a symbol of American innovation and know-how. They’re the source of our manufacturing might. If that’s not worth fighting for, what’s worth fighting for? (Applause.)
So, no, we were not going to take a knee and do nothing. We were not going to give up on your jobs and your families and your communities. So in exchange for help, we demanded responsibility. We said to the auto industry, you’re going to have to truly change, not just pretend like you’re changing. And thanks to outstanding leadership like Bob King, we were able to get labor and management to settle their differences. (Applause.)
We got the industry to retool and restructure, and everybody involved made sacrifices. Everybody had some skin in the game. And it wasn’t popular. And it wasn’t what I ran for President to do. That wasn’t originally what I thought I was going to be doing as President. (Laughter.) But you know what, I did run to make the tough calls and do the right things — no matter what the politics were. (Applause.)
And I want you to know, you know why I knew this rescue would succeed?
AUDIENCE MEMBER: How did you do it? (Laughter.)
THE PRESIDENT: You want to know? 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 the American worker. (Applause.) And I’ll make that bet any day of the week. (Applause.)