US President Barack Obama wasted little time in taking a sharp jab at Republican candidate Mitt Romney Tuesday evening, accusing his rival of making a statement about the car industry bailout that "just isn't true", DPA reported.
The exchange came in a question about high unemployment, after Obama took credit for saving jobs by helping the carmakers. Romney said Obama had taken the companies through a bankruptcy reorganization, much as he said he had advocated.
Obama countered that Romney would have shuttered the industry without the federal bailout money that accompanied the reorganization process, and disparaged the former Massachusetts governor's economic plans.
"Governor Romney doesn't have a five-point (economic) plan, he has a one-point plan," Obama said, "and it's to make sure that people at the top play by a different set of rules."