Obama gives press conference on 100th day

(AP) - President Barack Obama expressed optimism Wednesday night that Chrysler could remain a "going concern," possibly without filing for bankruptcy, a generally upbeatassessment on one of numerous challenges

News 12 Staff

Apr 30, 2009, 1:34 AM

Updated 5,553 days ago

Share:

(AP) - President Barack Obama expressed optimism Wednesday night that Chrysler could remain a "going concern," possibly without filing for bankruptcy, a generally upbeatassessment on one of numerous challenges he has confronted in a whirlwind first 100 days in office.
Obama said "unions and creditors have come up with a set of potential concessions that they can live with," adding, "All that promises the possibility that you can get a Chrysler-Fiat merger."
Obama made his remarks at a prime-time news conference that capped his 100th day in office, a time of national testing given a deep economic recession and unprecedented credit crunch.
At his news conference, Obama also said he had no second thoughts about having approved the release of Bush administration memos detailing the use of waterboarding and other harsh interrogation techniques used on terrorist suspects.
"I do believe that it is torture," he said flatly of waterboarding, which simulates drowning. He appeared to acknowledge that useful information had been obtained in interrogations in which it was used, as assessment made in a memo by his administration's top intelligence official.
Asked about Chrysler, he was notably more upbeat that an administration report issued nearly a month ago.
"I'm feeling more optimistic," he said.
Obama did not say so, but Italian automaker Fiat Group SpA is expected to sign a partnership agreement with Chrysler LLC by Thursday as part of negotiations to keep the struggling U.S. automaker alive without bankrupcty protection.
On a political matter, Obama said he thought that Pennsylvania Sen. Arlen Specter's switch Tuesday from Republican to Democrat would "liberate him to cooperate on critical issues like health care, like infrastructure and job creation, areas where his inclinations were to work with us but he was feeling pressure not to."
Obama's intensive schedule for the day demonstrated the degree to which the administration saw both possibility and peril in the 100-day marker - a symbolic milestone since Franklin Roosevelt took office in the depths of the Great Depression in 1933.
Presidential aides have derided it as a media-created "hallmark holiday" in which the White House participates reluctantly. But they also recognize it is a time frame by which all modern presidents are judged, at least initially, and which can produce negative narratives that dog administrations for years. So the White House has jumped into the celebration with both feet, making high-level Obama advisers available anywhere they were needed over the last week and crafting the president's day to maximum advantage.


More from News 12
1:57
Stop & Shop to close 10 ‘underperforming’ locations across New Jersey

Stop & Shop to close 10 ‘underperforming’ locations across New Jersey

1:46
STORM WATCH: Chance of stormy weather tonight into Saturday for parts of NJ

STORM WATCH: Chance of stormy weather tonight into Saturday for parts of NJ

1:45
Police: Driver faces charges for striking man in hit-and-run road rage incident in Fair Lawn

Police: Driver faces charges for striking man in hit-and-run road rage incident in Fair Lawn

1:52
AT&T security breach hits nearly all cellular customers and landline accounts

AT&T security breach hits nearly all cellular customers and landline accounts

1:16
Prosecutor: Bergen County pastor charged with 21 counts of sexual offenses against teen

Prosecutor: Bergen County pastor charged with 21 counts of sexual offenses against teen

3:06
Jury ends first day of deliberations in Sen. Bob Menendez's corruption trial without a verdict

Jury ends first day of deliberations in Sen. Bob Menendez's corruption trial without a verdict

0:33
Jersey Proud: Jamesburg police ‘ticket’ children performing good deeds

Jersey Proud: Jamesburg police ‘ticket’ children performing good deeds

0:47
Point Pleasant Beach officials at odds with company over 5G cell towers

Point Pleasant Beach officials at odds with company over 5G cell towers

1:41
Heavy rain causes flooding in parts of southern New Jersey

Heavy rain causes flooding in parts of southern New Jersey

2:21
Ruptured pipe causes raw sewage to pour into Red Bank storm drains

Ruptured pipe causes raw sewage to pour into Red Bank storm drains

1:59
Coach USA cutting 20 NJ Transit bus routes in North Jersey

Coach USA cutting 20 NJ Transit bus routes in North Jersey

0:32
East Brunswick teen accused of plotting to destroy energy facilities to advance white supremacist views

East Brunswick teen accused of plotting to destroy energy facilities to advance white supremacist views

0:13
Sailor saved from capsized sailboat in Barnegat Bay

Sailor saved from capsized sailboat in Barnegat Bay

0:40
United Airlines flight from Miami to Newark diverted after passenger fights with flight attendant

United Airlines flight from Miami to Newark diverted after passenger fights with flight attendant

0:28
Fairfield police release new surveillance photos of missing 16-year-old

Fairfield police release new surveillance photos of missing 16-year-old

1:58
PSE&G: Roads reopen in Union City following emergency repairs on ruptured gas line

PSE&G: Roads reopen in Union City following emergency repairs on ruptured gas line

0:24
USDA: Health alert issued for ready-to-eat meat illegally imported from the Philippines

USDA: Health alert issued for ready-to-eat meat illegally imported from the Philippines

0:33
Caught on camera: Car burglar enters unlocked vehicles in Gloucester Township

Caught on camera: Car burglar enters unlocked vehicles in Gloucester Township

0:18
NJ Transit: North Jersey Coast Line rail service resumes; commuters frustrated over continued issues

NJ Transit: North Jersey Coast Line rail service resumes; commuters frustrated over continued issues

2:03
Paws & Pals: Moose now up for adoption with Brick City Rescue

Paws & Pals: Moose now up for adoption with Brick City Rescue