Obama trumpets rebound of US auto industry

[October 15, 2012]  WASHINGTON (AP) -- President Barack Obama is hailing the rebound of the U.S. auto industry, pointing to progress since his administration rescued General Motors and Chrysler.

Obama says in his weekly radio and Internet address that auto sales are the highest they've been in more than four years and the industry has created nearly a quarter of a million new jobs.

Automakers are large employers in Ohio, one of the pivotal states in the race between Obama and Republican Mitt Romney.

Markwayne Mullin, an Oklahoma Republican running for Congress, says in the GOP address that the Obama administration has pushed regulations that make it difficult for businesses.

He says the economy "doesn't need more meddling -- it needs more certainty."

[Associated Press]

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