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From factcheck.org

"Janesville Plant Closing

Ryan cited the closing of a GM plant in his hometown of Janesville, Wis., as evidence of Obama’s failing to deliver on promises made in the 2008 presidential campaign. But as it happens, the plant closed before Obama even took office.

Ryan: My own state voted for President Obama. When he talked about change, many people liked the sound of it, especially in Janesville, where we were about to lose a major factory.

A lot of guys I went to high school with worked at that GM plant. 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.

Here’s what Obama told workers during a campaign stop at the struggling GM plant in Janesville back in 2008:

Obama, Feb. 13, 2008: And 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. The question is not whether a clean energy economy is in our future, it’s where it will thrive. I want it to thrive …

It’s true that the plant didn’t last another year, as Ryan said. In fact, the Business Journal in Milwaukee wrote that the assembly plant shut down on Dec. 23, 2008, at the tail end of the Bush administration, a victim of the financial crisis and dwindling demand for the SUVs produced at the plant. That’s nearly one month before Obama was sworn into office.

About 100 workers were kept on in 2009 to finish a truck order and help shut down the plant, according to the Associated Press."

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