Obama: If Romney had been president, “we might not have an auto industry” right now

posted at 7:21 pm on October 23, 2012 by Erika Johnsen

Last night’s debate-focus was meant to stick to foreign policy, but President Obama managed to get in a few shots proudly touting his signature auto-industry bailout and criticizing how Mitt Romney would’ve handled the situation — which would’ve been fine, I suppose, if he hadn’t grossly mischaracterized how Mitt Romney would’ve handled the situation.

Team Obama must believe it’s an appealing theme — eager as they are to convince everyone that President Obama does in fact possess some semblance of economic capability — because the president hit on it again on the campaign trail today, first at a campaign stop in Florida and then in a later appearance in Ohio, via The Hill:

President Obama delivered an extended riff on his administration’s handling of the $80 billion bailout of the U.S. auto industry during his second campaign appearance of the day Tuesday in Ohio.

“Last night, Gov. Romney looked you right in the eye and tried to pretend that he never said ‘let Detroit go bankrupt,’ ” Obama said in a speech to supporters in Dayton, Ohio.

“He tried to explain that somehow I was taking his advice,” Obama continued, adding that if Romney had been president in 2008, the U.S. “might not have an auto industry today.”

I’m not even going to get started on the unabashed nonsense that is this “Romnesia” meme (…honestly though, do you reckon maybe they’ve realized that resistance is futile and just decided to ride out the campaign with some tongue-in-cheek fun or something? But, I digress…). It seems like Team Obama has long since decided to just go with the (admittedly politically inconvenient, but intellectually honest) title of Romney’s 2008 op-ed, “Let Detroit Go Bankrupt,” and is hellbent on making it sound as if that pretty much sums up the only blood you’d be able to squeeze from the cold-hearted, fat-cat stone that is Mitt Romney. I would wonder if Team Obama has actually bothered to read the full piece, except that’s probably giving them too much credit when I’m sure that they have zero qualms about purposefully misrepresenting his ideas.

If you haven’t ever read it before, I invite you to take a gander now (it speaks for itself) and direct you to National Review to highlight the liberties that President Obama takes with Romney’s actual plan, and just leave you with this parting thought on the many contradictions between President Obama’s rhetoric and his actual policies: The president has touted his stimulus and the auto-bailout as a grand success story, but General Motors is still flirting with dire financial woe. If GM were to find itself in a repeat situation, would the president’s plan of action be to continue on with the vicious cycle of throwing billions of our dollars at them instead of forcing the industry to face the free-market music? For somebody who professes to disprove of eeevil corporations who’ve gotten “too big to fail,” Obama’s policies like bailouts and Dodd-Frank sure have a funny way of showing it.


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Obama: If Romney had been president, “we might not have an auto industry” right now

IF Obama had been president on 9/11/2001, we definitely would have a president still trying to find someone to apologize to.

Which is why Benghazi attack happened, and we are all appalled at what the WH had done, and has been doing.

Sir Napsalot on October 24, 2012 at 8:19 AM

Facts have never bothered our current administration.

sadatoni on October 24, 2012 at 8:54 AM

GM building the Caddy in China.

Fiat owns Chrysler.

Who is outsourcing jobs?

elowe on October 24, 2012 at 8:57 AM

If Romney had been president in 2008, the U.S. might be four years closer to energy independence.

Finbar on October 24, 2012 at 9:00 AM

Obama’s statement is fully supported by the failure of all major US airlines, who all went out of business in the early 2000′s by filing for bankruptcy.

Wait…..you mean the airlines are still in business? How can this be? They filed for bankruptcy and everything.

BobMbx on October 24, 2012 at 9:57 AM

“Last night, Gov. Romney looked you right in the eye and tried to pretend that he never said ‘let Detroit go bankrupt,’ ” Obama said in a speech to supporters in Dayton, Ohio.
Well, yes Barky, Romney did not say that. He said let GM go through bankruptcy like any other company that seeks to reorganize under its protections.

“He tried to explain that somehow I was taking his advice,” Obama continued, adding that if Romney had been president in 2008, the U.S. “might not have an auto industry today.”
“Might”, such strong words from Obummer. An asteroid might hit the Earth today. A bus might flip over and kill everyone at the bus stop. George Soros might wake up and realize he needs to see firsthand if Hell is hot.
Why is Obama such a tool?

smfic on October 24, 2012 at 10:11 AM

If the car companies (except Ford who took no bail out $$) had been allowed to go bankrupt as a normal business routine, the unions would not now own a portion, gotten $7K Christmas bonuses, nor prevented everyone else from getting a bonus. So, Volt costs $44K…but Toyota newest small car gets 53 miles per gallon at $15K…their Prius costs less than Volt and is both gas and electric. The difference? No Volts from tax dollars, no $20K credits for Volt and GM might still be able to do better here in the USA….Fiat? Tessler? Solyndra? The list is endless with Obama…don’t help those who help themselves and everyone else…just help the lazy!!

sharinlite on October 24, 2012 at 11:08 AM

“And then, in the early 21st century, the American auto industry ceased to exist as Mitt Romney went on a job-killing rampage across America.”

Liberals. The bizarre, backward, little fantasy world in their heads they live in never ceases to intrigue my inner psychiatrist. Obama is a trough of stupidity and liberals feast from him like pigs.

CrustyB on October 24, 2012 at 1:01 PM

It’s doubtful the typical O-Bot dullard knows there is more than one form of bankruptcy. Romney should have used the term reorganization – that’s what he was really advocating.
Had the GM reorganized they might have been able to euthanize the UAW, thus putting it out of our misery for good.

Prop Gun on October 24, 2012 at 1:11 PM

Obama and the snarkey malarkey.

Obama pretends that GM and Chrysler had massive market share. If they combined had 25%, all the other brands could have stepped up production.

Had both liquidated, Johnson Controls and other OEM would have bought plants at a discount and expanded both shifts and lines.

seven on October 24, 2012 at 3:53 PM

Comment pages: 1 2