General Discussion

ProSense

(116,464 posts) Thu Aug 30, 2012, 03:13 PM Aug 2012

If Clint Eastwood speaks, is he going to talk about the auto bailout?

Mitt Romney's bailout problem

by Jed Lewison

Mitt Romney isn't against all bailouts. He's only against some of them. And in fact, he's really only against one in particular:

Bailouts approved by Mitt Romney:[font color="white" size="size" face="face"].............[/font]Bailouts opposed by Mitt Romney:
• Wall Street (2008)[font color="white" size="size" face="face"]...........................................[/font]• American auto industry (2009)
• Salt Lake City Winter Olympics (2002)
• GS Tech, owned by Bain (2002)
• Bain & Co. Consulting (1993)

So when it came to bailing out Wall Street or his own enterprises, Romney was thumbs up. And when it came to taking tens of millions in public subsidies for companies in which he invested, Romney was thumbs up too.

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http://www.dailykos.com/story/2012/02/17/1065790/-Mitt-Romney-s-bailout-problem

Romney Campaign Lies Again: "The GM Bailout was Mitt's Idea"

by joelgp

No, you can't make this stuff up. Remember when Romney wrote this in the New York Times: "If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed."

Well, Obama gave them the money, restructured the company and they are the strongest car company in the world. So how does an Etcha-a-Sketch so-called business expert "un-say" something that was so obviously wrong?

YOU JUST LIE, and hope no one notices. Thehill.com notices:

"One of Mitt Romney's top advisers said Saturday that President Obama's decision to bailout Chrysler and General Motors was actually Romney's idea.

&quot

Romney's) position on the bailout was exactly what President Obama followed. I know it infuriates them to hear that," Eric Fehrnstrom, senior adviser to the Romney campaign, said.

"The only economic success that President Obama has had is because he followed Mitt Romney's advice."

Wow!!

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http://www.dailykos.com/story/2012/04/28/1087214/-Romney-Campaign-Lies-Again-The-GM-Bailout-was-Mitt-s-Idea-

Karl Rove’s hissy fit: “Offended” by Chrysler ad

<...>

Karl Rove heard echoes of Obama’s rhetoric too, and implicit optimism about the direction of the country, and cried foul.

“I was, frankly, offended by it,” Rove said on Fox News Monday. “I’m a huge fan of Clint Eastwood, I thought it was an extremely well-done ad, but it is a sign of what happens when you have Chicago-style politics, and the president of the United States and his political minions are, in essence, using our tax dollars to buy corporate advertising.”

<...>

The flap over the ad confirms the GOP’s serious branding problem: The problem for Rove and the rest of the GOP is that their party’s narrative has become relentlessly negative, pessimistic and uninspiring. They’ve left the language of optimism and resilience, higher ground and common ground, to the Democrats, and lately President Obama has grabbed every opportunity to employ that language...the fact is the president saved the auto industry at a time when Republicans, most notably Mitt Romney, urged him to let it die. If he gets credit for that unpopular decision, that’s because he deserves it.

http://www.salon.com/2012/02/06/karl_roves_hissy_fit_offended_by_chrysler_ad/singleton/

And who knows, maybe the naysayers would finally come around and say that standing by America's workers was the right thing to do. (Applause.) Because, I've got to admit, it's been funny to watch some of these folks completely try to rewrite history now that you're back on your feet. (Applause.) The same folks who said, if we went forward with our plan to rescue Detroit, "you can kiss the American automotive industry goodbye." Now they're saying, we were right all along. (Laughter.)

http://www.whitehouse.gov/the-press-office/2012/02/28/remarks-president-uaw-conference

<...>

Before the domestic auto rescue, President Obama made$5 billion in Federal loans available to small auto parts suppliers:

The Treasury Department announced a $5 billion program to aid struggling auto-parts suppliers, raising the likelihood the government will extend more aid to General Motors Corp. and Chrysler LLC.

What a lot of folks, including politicians, don't seem to realize is that GM and Chrysler merely ASSEMBLE cars. They don't make the parts.

<...>

Obama rescued the Domestic Auto Industry.

But BEFORE that. BEFORE that. BEFORE he sent the domestic auto industry into structuered bankruptcy, he made sure the LITTLE GUYS....the SMALL manufacturing companies that make SPRINGS or BOLTS or LATCHES or TINY WIDGETS were able to stay afloat so that when GM got back on its feet again it didn't have to look to CHINA or MEXICO to make those parts because the previous suppliers had gone belly up.

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http://www.dailykos.com/story/2012/02/29/1069618/-What-Happened-Before-the-Rescue-of-the-Domestic-Auto-Industry