Obama: 'I didn't run for president to get into the auto business'

President Obama spoke to 400 auto workers and Chrysler Group executives and random people Friday in Toledo. He used $20 bills from his pocket to spur the local economy by buying everything from gardening gloves to hot dogs to Faygo red pop. He listened intently and spoke forthrightly of the resurgence of the auto industry. What follows is the complete text of his prepared remarks.

Thank you. Thank you, everybody. Thank you. Everybody, please have a seat. Please have a seat.

It is good to be back in Toledo. (Applause.) It is good to be with all of you. Now, for those of you who I’ve met up close, I just want you to know that I stopped by Rudy’s -- (laughter) -- had two hot dogs, two chili dogs with onions. So I’ve been looking for a mint backstage. (Laughter.) It tasted pretty good going down though.

It is wonderful to see you. We’ve got some outstanding public servants who are here who’ve been working hard on behalf of working Americans their entire careers. One of the finest senators that I know of, Senator Sherrod Brown, is in the house. (Applause.) Congresswoman Marcy Kaptur is in the house. (Applause.) Your mayor is in the house. Give him a big round of applause. (Applause.)

I just took a short tour of the plant and watched some of you putting the finishing touches on the Wrangler. Now, as somebody reminded, I need to call it the “iconic” Wrangler. (Laughter.) And that’s appropriate because when you think about what Wrangler has always symbolized. It symbolized freedom, adventure, hitting the open road, never looking back -- which is why Malia and Sasha will never buy one. (Laughter.) Until maybe they’re 35. (Laughter.) I don’t want any adventure for them.

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