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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMitt Romney wants a round of applause for saving the auto industry (updated)
Last edited Tue May 8, 2012, 09:47 AM - Edit history (1)
by Jed Lewison
Get a load of this:
That claims comes in spite of his stance that Detroit should have been allowed to go bankrupt.
Okay, pick your jaw back up off the floor ... but get ready to lose it once again:
This is pure, unadulterated bullshit. Romney repeatedly opposed the emergency loans (aka, "bailouts" that prevented the collapse of the American auto industry in late 2008 and early 2009 and he repeatedly criticized the way in which the Obama administration used managed bankruptcy to restructure GM and Chrysler.
Here's Mitt Romney in March of 2009 on the emergency loans issued by President Bush at the request of then President-elect Obama:
That statement is an emphatic reminder that Romney opposed the emergency bailout loans that came before the managed bankruptcies of Chrysler and GM. His plan was to simply let Detroit go bankrupt. If the government stepped in to help the companies before their bankruptcy, he said, "you can kiss Detroit goodbye."
- more -
http://www.dailykos.com/story/2012/05/08/1089675/-Mitt-Romney-wants-a-round-of-applause-for-saving-the-auto-industry
President Obama's rescue of the auto industry is a big problem for Republicans
http://www.democraticunderground.com/1002622822
Updated to add:
Since penning a 2008 op-ed calling for letting Detroit go bankrupt, Romney has desperately tried to spin the eventual auto rescue as his idea, ignoring that he doubled down on his original op-ed by writing in February, The president tells us that without his intervention things in Detroit would be worse. I believe that without his intervention things there would be better.
Romneys plan for a bankruptcy devoid of government financing has been blasted by auto industry insiders and reporters as truly reckless, detached from reality, and dishonest. Romneys take just doesnt square with the facts as I lived them, said Yahoo! Autos reporter Justin Hyde. The Economist wrote that Romney conveniently ignores history with his position on the rescue.
Even Republicans who have endorsed Romney disagree with his take on the auto rescue. There was no one that could have picked up those pieces other than the federal government, said Rep. Fred Upton (R-MI). But Romney keeps trying to spin the rescue as a success for himself, rather than a case in which he got the policy exactly wrong.
http://thinkprogress.org/economy/2012/05/08/479889/romney-credit-auto-industry/
JoePhilly
(27,787 posts)geckosfeet
(9,644 posts)Fabrications and outright lies.
I would expect nothing less from this sniveling snake in the grass republican't.
Arkana
(24,347 posts)JoePhilly
(27,787 posts)Nice line - he has definitely morphed from acting like a hard right lunatic to now trying to be what BO is ...
There was something about him that was vaguely respectable at one point, but he has fallen into the craven drive to be president to a point where he will say ANYTHING, literally, with no regard to reality or what he has said in the past.
JoePhilly
(27,787 posts)cali
(114,904 posts)catbyte
(34,514 posts)And I was i high school when Nixon was president. Romney makes my skin crawl. That creepy "laugh" of his is absolutely unbearable.
liberalmuse
(18,672 posts)This guy is a belly flopper. He's taking play by play right out of J. Goebbel's handbook, because truth be told, his supporters are so feeble-minded that they will actually believe him. Unfortunately for him, his supporters were against the auto industry bailout, LOL.
hobbit709
(41,694 posts)Courtesy Flush
(4,558 posts)So unfair.
Princess Turandot
(4,787 posts)apparently were the same: Elect Barack Obama!
"You saved the auto-industry, Mitt? You voted for Mr. Obama?"
southernyankeebelle
(11,304 posts)with tea party and he is riding the crazy train. Geezzzzzzzzzzzzzzzzzz
hifiguy
(33,688 posts)Ain't happenin for you either. This has to be one of the great stories in the annals of chutzpah, right up there with the guy who murdered his parents and then threw himself on the mercy of the court "because I'm an orphan, your honor!"
Generic Other
(28,979 posts)Lying bunkapotomus!
marmar
(77,109 posts)nt
annabanana
(52,791 posts)Every time he makes one of the cockamamie statements he should be laughed right out of the hall. Scornful guffaws should meet his every ridiculous utterance. He is a buffoon.
aint_no_life_nowhere
(21,925 posts)He assures us he would have gotten OBL, too, as a routine matter of course. Now he's concocted a fiction whereby he's the one who saved the U.S. auto industry. Rove's theory of picking your opponent's strengths in their record and going after those strengths has taken on a new twist: appropriating the strengths in your opponent's record as your own.
Romulox
(25,960 posts)aint_no_life_nowhere
(21,925 posts)I assume people understand that. I could have used GM instead.
Romulox
(25,960 posts)aint_no_life_nowhere
(21,925 posts)fishwax
(29,149 posts)SunSeeker
(51,784 posts)Any Mormons out there correct me if I'm wrong, but as I understand it, lying is just as much of a sin in the Mormon religion as in Chritianity. So if he feels so free to lie, I guess he doesn't really believe in what his religion teaches him. I could say that about a LOT of Christians as well.
Muskypundit
(717 posts)Getting elected would probably be furthering the Mormon church.
Scuba
(53,475 posts)<a href="http://imgur.com/GQ3l8"><img src="" title="Hosted by imgur.com" alt="" /></a>
SidDithers
(44,228 posts)yeah, that's the ticket.
Sid
Gidney N Cloyd
(19,847 posts)SidDithers
(44,228 posts)Sid
obxhead
(8,434 posts)when Romney is one of 2 choices for POTUS.
and that's all I have to say about that!
JohnnyRingo
(18,673 posts)He's lying when he claims he was in favor of a "managed bankruptcy".
The reason he was against the loan was so the UAW contracts would be shredded in a complete failure and piecemeal resale of the industry. He (and others) claimed there were investors out there that would restart the car companies after they got rid of "legacy costs". They claimed the car plants could be sold off individually.
The pension check that allowed me to retire after 30 years at GM is the "legacy cost" Mitt Romney saw as a drain on the industry. In the weeks before and after the election I was frantically exploring my options in the job market in case I needed to start a new career (It turns out welfare is no longer an option in Ohio).
My chances were just as bleak as GM finding the money to keep building cars. GM couldn't even find a buyer for the Hummer brand in the sickened Bush economy, let alone the entire company.
Thank you President Obama for saving the pension check that I worked half my life for, and fuck you Mitt romney for trying so desparately to rob me of it. I have a personal reason to volunteer for Team Obama this year.
We in the UAW have not forgotten.
Bake
(21,977 posts)All they see is ideology. We're screwed, unless there's more of us than there are of them.
Bake
lpbk2713
(42,772 posts)It's as if they think no one is paying attention. Apparently Mittens is of the opinion that the entire
electorate is as willfully ignorant as the pathetic mouth breathers he meets at the various GOP
gatherings he attends and he assumes they will all fall for any line of bullshit he wants to deliver.
1gobluedem
(6,664 posts)For immediate release: May 8, 2012
Statement by UAW President Bob King on Mitt Romney and the recovery of the domestic auto industry
The Republican presidential candidate, Mitt Romney, is taking credit for the success of the American auto industry, yet he opposed federal loans for U.S. automakers - loans that ultimately saved more than a million American jobs - in a 2009 New York Times editorial, "Let Detroit Go Bankrupt."
Romney has been vocally opposed to the auto loans for the past 3 years. He criticized President Obama as recently as February, 2012 in his opinion article in the Detroit News saying, "The president tells us that without his intervention things in Detroit would be worse. I believe that without his intervention things there would be better." But now he's claiming credit for President Obama's intervention to save the industry.
President Obama and Democrats in Congress provided emergency bridge loans for an auto industry that was a casualty of a collapsed credit market, when no private investors or companies would provide financing.
The loans - which were predicated on painful sacrifices by workers, management and other stakeholders - enabled the companies to return quickly to profitability and repay the loans years ahead of schedule.
Moreover, the industry has added more than 200,000 jobs in the last few years and 2011 was the strongest year of industry job growth since 1994. None of this would have happened if Romney had been the one making the decisions.
The successful recovery of the American auto industry is a great national success story that most Americans are very proud of. It's an example of how business, labor and the government can work together to find solutions to some of the nation's most difficult problems. Mitt Romney's values of profits-over-people are wrong for Michigan, wrong for workers and wrong for all Americans who value hard work, shared sacrifice and shared prosperity.
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lamp_shade
(14,850 posts)ProSense
(116,464 posts)perfect caricature.