Third Presidential Debate: Full Transcript

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OBAMA: Governor Romney, that's not what you said...

(CROSSTALK)

OBAMA: Governor Romney, you did not...

ROMNEY: You can take a look at the op-ed...

(CROSSTALK)

OBAMA: You did not say that you would provide government help.

ROMNEY: I said that we would provide guarantees, and -- and that was what was able to allow these companies to go through bankruptcy, to come out of bankruptcy. Under no circumstances would I do anything other than to help this industry get on its feet. And the idea that has been suggested that I would liquidate the industry, of course not. Of course not.

(CROSSTALK)

OBAMA: Let's check the record.

(CROSSTALK)

ROMNEY: That's the height of silliness...

(CROSSTALK)

OBAMA: Let -- let -- let's...

(CROSSTALK)

ROMNEY: I have never said I would liquidate...

(CROSSTALK)

OBAM: ...at the record.

(CROSSTALK)

ROMNEY: ...I would liquidate the industry.

(CROSSTALK)

OBAMA: Governor, the people in Detroit don't forget.

(CROSSTALK)

ROMNEY: ...and -- and that's why I have the kind of commitment to ensure that our industries in this country can compete and be successful. We in this country can -- can compete successfully with anyone in the world, and we're going to. We're going to have to have a president, however, that doesn't think that somehow the government investing in -- in car companies like Tesla and -- and Fisker, making electric battery cars. This is not research, Mr President, these are the government investing in companies. Investing in Solyndra. This is a company, this isn't basic research. I -- I want to invest in research. Research is great. Providing funding to universities and think tanks is great. But investing in companies? Absolutely not.

(CROSSTALK)

OBAMA: Governor?

ROMNEY: That's the wrong way to go.

(CROSSTALK)

OBAMA: The fact of the matter is...

(CROSSTALK)

ROMNEY: I'm still speaking. So I want to make sure that we make -- we make America more competitive.

OBAMA: Yeah.

ROMNEY: And that we do those things that make America the most attractive place in the world for entrepreneurs, innovators, businesses to grow. But you're investing in companies doesn't do that. In fact it makes it less likely for them to come here...

OBAMA: Governor?

ROMNEY: ...because the private sector's not going to invest in a...

(CROSSTALK)

OBAMA: I'm -- I'm -- I'm happy.

(CROSSTALK)

ROMNEY: ...company...

(CROSSTALK)

OBAMA: ...to respond to you...

(CROSSTALK)

ROMNEY: ...if -- if you're...

(CROSSTALK)

OBAMA: ...you've had the floor for a while.

(CROSSTALK)

ROMNEY: ...get someone else's. OBAMA: The -- look, I think anybody out there can check the record. Governor Romney, you keep on trying to, you know airbrush history here. You were very clear that you would not provide, government assistance to the U.S. auto companies, even if they went through bankruptcy. You said that they could get it in the private marketplace. That wasn't true. They would have gone through a...

(CROSSTALK)

ROMNEY: You're wrong...

(CROSSTALK)

OBAMA: ...they would have gone through a...

(CROSSTALK)

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