Obama blames Bush for economic downturn in speech to autoworkers Associated Press - February 13, 2008 11:45 AM ET
JANESVILLE, Wis. (AP) - Barack Obama blamed President Bush today for the economic downturn in remarks to General Motors workers in Janesville.
The automakers are among 74,000 GM employees considering a buyout offer.
The Democratic presidential candidate is speaking at the Janesville plant a day after the company reported the largest annual loss ever for an American automaker - nearly $39 billion in 2007.
Obama says it's failed leadership and imagination in Washington that caused economic struggles, including the housing crisis.
Obama is promising to end tax breaks for companies who ship jobs overseas and not to sign trade agreements unless they include protections for the environment and American workers.
He criticizes Bush for giving tax cuts to corporations and the rich while spending billions on the war in Iraq. Obama also rebukes Democratic rival Hillary Rodham Clinton, and Republican front-runner John McCain for supporting the war.