Yes, Ryan accurately depicted what Obama said

From Senator Obama’s February 2008 campaign speech at Janesville, WI: “I believe that if our government is there to support you, and give you the assistance you need to re-tool and make this transition, that this plant will be here for another hundred years.

[…]

“We need to maintain our competitive edge in a global by ensuring that plants like this one stay open for another hundred years, and shuttered factories re-open as new industries that promise new jobs. And we need to put more Americans to work doing jobs that need to be done right here in America.”

From Republican Vice-Presidential Candidate Paul Ryan’s August 2012 speech at the 2012 RNC: “‘Right there at that plant, candidate Obama said: ‘I believe that if our government is there to support you…this plant will be here for another hundred years.’ That’s what he said in 2008.

“Well, as it turned out, that plant didn’t last another year. It is locked up and empty to this day. And that’s how it is in so many towns today, where the recovery that was promised is nowhere in sight.”

The plant closed on April 23. 2009, though its pending closing was announced by GM in June 2008.

“In October 2008, following the announcement that the Janesville plant was closing even earlier than anticipated, Obama reiterated the latter promise, saying, ‘As president, I will lead an effort to retool plants like the GM facility in Janesville so we can build the fuel-efficient cars of tomorrow and create good-paying jobs in Wisconsin and all across America.’ As the still-shuttered Janesville plant attests, that pledge was not followed through on” (redstate.com)

See my post GM: From Jaynseville to Jilin

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