Ryan Blames Obama For Retroactively Not Saving A Plant That Closed Under Bush

[SunsetDreams]

Paul Ryan slammed President Obama on Thursday for failing to rescue an auto factory in his Wisconsin district — one that closed in 2008, under President George W. Bush.

The latest attack highlights the complicated politics of the auto rescue for Ryan, who was one of only a handful of Republicans to vote in favor of the 2008 bailout that President Bush signed as a stopgap measure to prevent the industry from going under.

...

The Detroit News noted that Obama said during a visit in early 2008 that government help and some restructuring could keep the plant open. But after the financial crisis and a collapse in demand for the SUVs the factory produced, it shut down in December 2008 in the waning days of Bush’s second term. It’s still owned by GM, but has been closed ever since.

Both Ryan and Romney have unconventional positions on the auto bailout, although they reached them from different directions. In 2008, Ryan supported the Bush loans that Romney famously opposed in an editorial titled “Let Detroit Go Bankrupt.”

http://2012.talkingpointsmemo.com/2012/08/paul-ryan-slams-obama-for-not-saving-auto-plant----in-2008.php?ref=fpa

[Berlum]

1. Republican stupidity - or -- another damn deliberate Republican lie?

[Flashmann]

5. Republican stupidity - or -- another damn deliberate Republican lie?

Both....Ryan is lying,confident that the stupids will buy it.......And they will....

[TeamPooka]

2. The GOP never met a lie it didn't like.

[Ship of Fools]

3. Maybe I'm late to the dance,

but this is what makes me the most nervous. Still lots of time to spend
LOTS of $$ outright lying about PBO & admin's record. Ad after ad
of lies, putting them on defence and sucking up all the $$ all at once...

[brush]

4. Huh?

That retroactive thing again. With that concept Mitt, Ryan and the repugs can go back and rewrite their whole history . . . Refalca could now be a gold medal winner, Ryan's budget would have already passed and ailing seniors would already be at hospital emergency rooms as their meager healthcare vouchers run out. And veteran benefits would cause some vets to become homeless while Mitt and the 1%, with their huge tax cuts, could buy another home. What a concept! Trickle down you say? They're going to let the wealth trickle down to us peons and boost the economy? Forget about it, hasn't happen in the 30 years since St. Reagan and Jack Kemp introduced it (the repugs ignore the non-trickle down but economically booming Clinton years) It didn't work then and doesn't work now. Seems like it's easier to buy another Caddy or two to keep the car elevators in good working order than to invest money into a new hire, what with all the training, insurance and wage issues. And there's that new yacht to consider. The current one only sleeps 16.