In a speech to a convention of United Auto Workers, President Obama vigorously defended his administration's bailout of the auto industry.

Without naming his Republican opponents, a combative President Obama took shots at their opposition to the bailout.

"It's been funny to watch some of these folks completely try to rewrite history, now that you're back on your feet," Obama said. At first, Obama said, Republicans opposed the auto bailout saying it would mark the end of the American auto industry. Then, he said, after the bailout turned out to be a success, they said his administration did it to bail out the union.

"Now, they're saying we were right all along," he said. "Even by the standards of this time, that's a load of you know what."