Iycee Charles de Gaulle Summary President Obama’s Bailout of American Car Makers Essay

President Obama’s Bailout of American Car Makers Essay

When President Barack Obama visits Ohio, a swing state heavily dependent on the auto industry, he says his bailout of American car makers saved tens of thousands of jobs and argues that Republican presidential nominee Mitt Romney would have “let Detroit go bankrupt. ” Now that he’s heading to Nevada, the swing state hit hardest by the housing crisis, Obama Saturday morning raised the memory of Romney’s similar statements on housing foreclosures. I know there are some who think that the only option for homeowners is to just stand by and hope that the market has hit bottom,” Obama said in his weekly radio address. “I don’t agree with that. ” Obama didn’t name Romney or quote him directly. But some attuned listeners may recall Romney’s interview with the Las Vegas Review-Journal’s editorial board in October 2011. Discussing the foreclosure crisis, he said, “Let it run its course and hit the bottom. “

His words stung many distressed homeowners in the state, and the Obama campaign hopes they haven’t forgiven Romney. But it’s now clear Romney’s point wasn’t simply to let the market hit bottom. In August, Review-Journal editorial writer Glenn Cook printed the unedited version of the Romney response of 10 months prior: “There are things you can do to encourage housing,” Romney said, according to the transcript. “One is, don’t try and stop the foreclosure process. Let it run its course and hit the bottom.

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Allow investors to buy homes, put renters in them, fix the homes up and let it turn around and come back up. The Obama administration has slow-walked the foreclosure process that has long existed, and as a result, we still have a foreclosure overhang. ” Romney went on to say he thought the idea of “helping people refinance homes to stay in them is one that’s worth further consideration, but I’m not signing on until I find out who’s going to pay and who’s going to get bailed out, and that’s not something which we know all the answers to yet. “

Speaking in Las Vegas recently, Romney clearly had changed his tone, talking not about the “bottom” but about how to “reignite” the housing economy, get credit flowing again and spark housing sales. Obama’s solution for continued recovery, reiterated in the radio address Saturday, is for Congress to pass his plan to cut red tape so responsible homeowners can save thousands on their mortgages by refinancing at today’s historically low interest rates. As Obama heads to suburban Las Vegas on Sunday, he clearly plans to promote his housing plan with voters there.

Obama will spend three days preparing for his first debate with Romney, which will take place Wednesday night in Denver. Romney, who is also doing debate prep, has surely focused on the likelihood that Obama will allude to insensitive comments in the past. The president has his own ill-phrased points in his recent past? ENG101 QIN GANG A: author want to change the attitudes about the food. It was stated explicitly. B1~4 paragraph 5~7 paragraph 8~9 paragraph C the author used allusion analogy assertion and authority in his article. I think it was not to much.

Because all of the evidence were strong enough. D about the diction, the author used intelligent way. And used simple sentences and question wat in tone. E: warner examines argument against government intervention in American’s eating habit and concludes that those habits won’t change without a significant cultural shift in attitudes about food. Introduce Background in beginning, and say some thesis, also use some sentences from author speaking, after that, put my special rhetorical choices carefully. at last make a intelligent summary.