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Mr. Romney, who has changed positions on too many other issues to count, clings to his insistence that Mr. Obama should not have invested taxpayer money in helping Chrysler and GM emerge from a managed bankruptcy. He says he would have been willing to provide federal “guarantees” of private investment in the troubled automakers.
Steven Rattner, the President’s chief adviser on the auto bailout, told The Blade’s editorial page this week that “there was no private money” on offer during the depths of the Great Recession to preserve either car company. He added that Republican President George W. Bush “understood that” and launched the bailout process as a result.
Mr. Rattner noted that the bailout was politically unpopular at the time, and that there was no guarantee it would work. But he said the GM job cuts cited in the Romney ad occurred before the bailout, and since then the auto sector has been responsible for 20 percent of the nation’s job growth. Without it, he added, both automakers would have collapsed.Romney first spun his fiction about Chrysler during a campaign stop in Defiance, Ohio: “I saw a story today that one of the great manufacturers in this state Jeep — now owned by the Italians — is thinking of moving all production to China.”
The story he referenced appeared in Bloomberg News. The story did not reflect what Romney had said.
So, how is the GOP presidential standard bearer responding to the widespread denunciation of his charge against the president? By refusing to withdraw the TV campaign commercial playing in Ohio, and even doubling down — with a radio spot that comes close to repeating the charge, and expanding it to include GM.
It does not seem to matter to Romney that every legitimate news organization that has reported on the story has reached the same conclusion: There is no truth to the claim that Chrysler will be eliminating jobs in Toledo and other plants in the U.S. so as to build Jeeps in China. Nor is there a basis for his saying that GM is cutting jobs in America and creating them in China.
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Democracy4Sale wrote: Translation: RMoney is a liar.
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Democracy4Sale wrote: Wow...You know, I feel the same way about Benghazi... If I had only known in time.....
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Raees wrote: Isn't Ohio one of those states Romney hopes to win?
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