During a recent speech engagement in front of the joint session of the U.S. Congress, President Barack Obama holds accountable the car manufacturers for their bad practices that pushed them to the brink while fighting the current recession.

The US President promised though to help them regain their grounds to be able to compete again and win the auto industry. Obama also pinpointed the millions of jobs depending on car manufacturing.

The Obama led government is taking actions to help revive the ailing car industry. The US President backed up the plans of former president George W. Bush in pushing for the emergency loans amounting to $17.4 billion to GM and Chrysler LLC.

The federal government has activated several taskforce to study the restructuring plans of the car manufacturers which are asking for an additional loan of $21.6 billion. They are also looking into the call for help coming from suppliers amounting to $18.5 billion.

During this first appearance before the Congress, Obama presents the focus of his budget. The president explained that the government cannot attempt to solve every problem but would rather deal on the most critical issues on health care, energy, and education.

Obama foresees renewable energy as the dictating force of the future. He looks at China as one of the current stalwarts to make their economy energy efficient. The 44th US president also cites the US as the front runner of solar energy but is now falling behind Japan and Germany. He also mentioned hybrid vehicles made by Americans but running on Korean-made batteries.

The speech of the president paints the picture of reality and at the same time re-enkindles hope for everyone including the auto manufacturing industry.