President Obama weighs in on Chris Flanagan's one-on-one interview with Gov. Mitt Romney

CLEVELAND - There are new developments on Republican candidate Mitt Romney's interview he gave to NewsChannel5's Chris Flanagan while at a campaign stop in Euclid Monday after it caught the attention of President Barack Obama.

Gov. Romney told Flanagan in a one-on-one interview that he takes some of the credit for the rebound of the American auto industry.

"The auto companies needed to go through bankruptcy before government help and, frankly, finally, that's what the president did. He finally took them through bankruptcy, that was the right course. I argued for it from the very beginning. It was the UAW and the president that delayed the idea of bankruptcy. I pushed the idea of a managed bankruptcy and finally when that was done and help was given, the companies got back on their feet. So, I'll take a lot of credit for the fact that this industry's come back," Romney said.

Romney has been criticized for those comments, because in 2008, he wrote a New York Times op-ed piece that said let Detroit go bankrupt and not get a bailout check.

President Obama, in an exclusive interview with Good Morning America's Robin Roberts, dismissed Romney's claim of taking credit. He called it one of Romney's "etch-a-sketch" moments.

"I don't think anyone takes him seriously. People remember his position which was let's let Detroit go bankrupt, so had we followed his advice at that time GM and Chrysler would have gone under and we would have lost a million jobs throughout the Midwest," President Obama said.

President Obama is making the revival of the auto industry a cornerstone of his re-election campaign. Watch the full interview with Romney by clicking on the video player above.

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