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PRESIDENT OBAMA: Let's check the record.
MR. ROMNEY: That's the height of silliness.
PRESIDENT OBAMA: Let's — let's check the record.
MR. ROMNEY: I have never said I would — I would liquidate the industry. I want to keep the industry growing and thriving.
PRESIDENT OBAMA: Governor, the people in Detroit don't forget.
MR. ROMNEY: And — and that's I have the kind of commitment to make sure that our industries in this country can compete and be successful. We in this country can compete successfully with anyone in the world. And we're going to. We're going to have to have a president, however, that doesn't think that somehow the government investing in — in car companies like Tesla and — and Fisker, making electric battery cars — this is not research, Mr. President. These are the government investing in companies, investing in Solyndra. This is a company. This isn't basic research. I — I want to invest in research. Research is great. Providing funding to universities and think tanks — great. But investing in companies? Absolutely not. That's the wrong way to go.
PRESIDENT OBAMA: Governor, the fact of the matter is —
MR. ROMNEY: I'm still speaking.
PRESIDENT OBAMA: Well — (chuckles) —
MR. ROMNEY: So I want to make sure that we make — we make America more competitive —
PRESIDENT OBAMA: Yeah.
MR. ROMNEY: — and that we do those things that make America the most attractive place in the world for entrepreneurs, innovators, businesses to grow. But your investing in companies doesn't do that. In fact it makes it less likely for them to come here —
PRESIDENT OBAMA: All right, Governor —
MR. ROMNEY: — because the private sector's not going to invest in a — in a — in a solar company if —
PRESIDENT OBAMA: I'm happy — I'm — I'm — I'm happy to respond —
MR. ROMNEY: — if you're investing government money and someone else's.
PRESIDENT OBAMA: You've held the floor for a while. The — look, I think anybody out there can check the record. Governor Romney, you keep on trying to, you know, airbrush history here.
You were very clear that you would not provide government assistance to the U.S. auto companies even if they went through bankruptcy. You said that they could get it in the private marketplace. That wasn't true. They would have gone through a —
MR. ROMNEY: You're wrong. You're wrong, Mr. President.
