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.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Comment pages: 1 2

We as in government certainly would not have.

Bmore on October 23, 2012 at 7:25 PM

He’s such a filthy liar.

changer1701 on October 23, 2012 at 7:25 PM

I hate hyperbole. I hope the rest of America is as fed up with it as me. Click.

David Shane on October 23, 2012 at 7:26 PM

If Romney had been president, we’d have cats and dogs living together!!!

portlandon on October 23, 2012 at 7:26 PM

Erika is you O key busted?

Bmore on October 23, 2012 at 7:26 PM

If Romney had been president, Americans might be willing to buy GM cars.

obladioblada on October 23, 2012 at 7:27 PM

Visualize: Aunt Esther Moochelle busting Dear Leader’s Balls on 7 Nov for ruining her gravy train.

Dingbat63 on October 23, 2012 at 7:27 PM

We? We who? The government?

FO BO

tom daschle concerned on October 23, 2012 at 7:28 PM

Did Romney actually write the headline for his opinion piece? Just asking.

SAZMD on October 23, 2012 at 7:28 PM

I don’t think Romney said “Let Detroit go bankrupt” I think that is the headline the NY times put on top if Mitt’s article.

birdwatcher on October 23, 2012 at 7:28 PM

(…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?

That would be great. :)

ThePrez on October 23, 2012 at 7:28 PM

Why can’t a Volt battery just blow up as he walks by…you know, to scare the carp out of him…he really only has the Low Info audience left, does he not?…geez..

hillsoftx on October 23, 2012 at 7:29 PM

If Romney had been president, we’d have cats and dogs living together!!!

portlandon on October 23, 2012 at 7:26 PM

Yes, but Senator Obungler would have dined on them, so it’s not really a plus.

Thomas More on October 23, 2012 at 7:29 PM

obama did not save detroit or the auto industry.

he screwed the bondholders and shareholders of gm and the dealerships and delphi and used billions of taxpayer money to takeover GM and give it to his cronies in the UAW.

besides, because 70% of GM’s cars are made overseas, they are hardly an american auto company at all. or at least no more american than the other dozen auto makers here are.

and none of them – not bmw or nissan or honda or toyota or ford – not one of them needed a bailout.

romney’s op-ed detailed a better way to have handled the GM crisis.

obama lied about it.

as he lies about everything; from benghazi to obamacare taxes to funding a robust pentagon.

if obama didn’t lie, then he’d have nothing to say.

reliapundit on October 23, 2012 at 7:30 PM

I don’t think Romney said “Let Detroit go bankrupt” I think that is the headline the NY times put on top if Mitt’s article.

birdwatcher on October 23, 2012 at 7:28 PM

Funny, Chris Wallace read it last nite verbatim and immed concluded “it looks like Mitt told the truth on this one tonight”….

hillsoftx on October 23, 2012 at 7:30 PM

Yeah. Pan Am and Braniff sure shut down the airline industry.

Lanceman on October 23, 2012 at 7:30 PM

Bankrupt the auto industry in America? What a piker. Try Bankrupting America itself, now that’s an agenda. Ain’t that right, Barry?

trubble on October 23, 2012 at 7:31 PM

And a bunch of Delphi employees might still have a pension.

scalleywag on October 23, 2012 at 7:31 PM

Obama lies about Romney’s position on auto bailouts, conservatives hit back
http://twitchy.com/2012/10/23/obama-lies-about-romneys-position-on-auto-bailouts-conservatives-hit-back/

The GOP and blogger Patterico, among others, sprinted in front of the lapdog media to debunk Obama’s claims. They drew attention to the 2008 op-ed Obama had alluded to last night. Contrary to Obama’s claims, in the op-ed, Governor Romney promoted tax reform and managed bankruptcy as alternatives to the auto bailout:

It is not wrong to ask for government help, but the automakers should come up with a win-win proposition. I believe the federal government should invest substantially more in basic research — on new energy sources, fuel-economy technology, materials science and the like — that will ultimately benefit the automotive industry, along with many others. I believe Washington should raise energy research spending to $20 billion a year, from the $4 billion that is spent today. The research could be done at universities, at research labs and even through public-private collaboration. The federal government should also rectify the imbedded tax penalties that favor foreign carmakers.

The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.

In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.

Hmmm … call us crazy, but it sounds like Obama was full of it.

Conservative Twitterers agreed. They saw right through the president’s lies and called on the media to do their job:

Colbyjack on October 23, 2012 at 7:32 PM

Obama’s policies like bailouts and Dodd-Frank sure have a funny way of sh0wing it.

Snark?

Bmore on October 23, 2012 at 7:32 PM

If I were to go see the big Oaf speak at a campaign event I think I’d bring a bunch of straws to throw at him so he could have something to grasp besides his tired old talking points.

scalleywag on October 23, 2012 at 7:33 PM

Being from the Detroit area, I agree with Mitt 100%. And while I will NEVER purchase a GM product again, Ford, without Jug Ears help, is doing just fine. And yes, I’m the proud owner of 2 Escapes.

Finally, “Detroit” is going bankrupt spiritually, physically, emotionally, sociologically, and economically all without any intervention from Mitt Romney. So, Jug Ears, holding “Detroit” up as any kind of standard is one of the stupidest things you could do.

waterytart on October 23, 2012 at 7:33 PM

“Let Detroit Go Bankrupt,”

Umm, Mr. Preezy, that was the HEADLINE of the article. You need to get your lap dogs in the press to explain to you WHO writes the HEADLINE. Here’s a hint—it’s usually not the author of the article.

dirtseller on October 23, 2012 at 7:34 PM

The elephant in the room, of course, is that GM is going to go bankrupt again (they’re run by a government and a union; they can do nothing else) and Obama is implicitly campaigning to bail them out again.

HitNRun on October 23, 2012 at 7:34 PM

If Obama hadn’t been president we might have had a middle class about now. But no. We allz gone get down in on some welfahe.

FUBO.

And goodbye.

Key West Reader on October 23, 2012 at 7:35 PM

Kinda funny to think if Obama had been mean and nasty to GM he would have one very big success story to run on, instead he decided to dump on the taxpayers. Yee-haw.

txhsmom on October 23, 2012 at 7:35 PM

And if Obama weren’t president we might have had a solar industry.

Chuck Schick on October 23, 2012 at 7:36 PM

The elephant in the room, of course, is that GM is going to go bankrupt again (they’re run by a government and a union; they can do nothing else) and Obama is implicitly campaigning to bail them out again.

HitNRun on October 23, 2012 at 7:34 PM

I don’t want to get cocky (h/t Prof Reynolds), but can we just call this what it is?

/I just erased what I really wanted to say, because I’m an American and I feel a sudden sense of sympathy… and relief. Go, Obama.. Go!

Key West Reader on October 23, 2012 at 7:38 PM

Did Romney actually write the headline for his opinion piece? Just asking.

SAZMD on October 23, 2012 at 7:28 PM

\

I read somewhere that the NY Times slapped that headline on Mitt’s article. I’m so damn tired of the lies coming from Obama. It just never ends.

TarheelBen on October 23, 2012 at 7:38 PM

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

Fixed.

farsighted on October 23, 2012 at 7:39 PM

Thankfully, Obama is not as bright a socialist star as he thought.

PattyJ on October 23, 2012 at 7:41 PM

Key West Reader on October 23, 2012 at 7:38 PM

Lol! ; )

Bmore on October 23, 2012 at 7:42 PM

When John Kerry president, people like Christopher Reeve gonna git up and walk agin.

Lanceman on October 23, 2012 at 7:42 PM

For someone with a law degree, Obama is pretty dumb. Sheesh, was he out chooming the day they discussed bankruptcy reorganization in his business law class?

mpthompson on October 23, 2012 at 7:46 PM

B for Big Bird, binder, bayonet, and bankruptcy. O is really out of ideas.

Maybe Romney should have reminded the president that GM and Chrysler did go through a bankruptcy.

toolnutz on October 23, 2012 at 7:48 PM

I am so sick and tired of journalists, the MSM, Obama, his surrogates and his administration claiming that they “saved” the “Auto Industry”.

The only thing he saved were the jobs held by the union workers.

He decimated 100+ years of contract laws by refusing the claims by 1st lien creditors going against hundreds of years of bankruptcy laws (Chrysler), he allowed for the annihilation of the salaried workers jobs and pension plans (GM Delphi) and he stood by as hundreds of privately owned car dealer franchises were taken away and FORCED to close (along with the thousands of jobs that went along with them).

What remained was the unions and THEIR jobs who received ALL their jobs back, 100% of their benefits and even partial ownership of the post bankruptcy entities co-owned, by the way with Fiat, an ITALIAN company!

And what in God’s name do these big brains like even consider the “US Auto Industry”? GM & Chrysler? What about Ford? What about the autos manufactured in the right-to-work states? Cars like Mercedes, BMW, Subaru, Hyundai, Honda, Toyota, Nissan, Mazda, Volkswagen Mitsubishi and KIA?

What…..Ford and all these other car makers combined are not to be included in the “US Auto Industry?

The next time anyone claims that this President saved “the US Auto Industry”, they should do the research and report the TRUTH.

http://www.caranddriver.com/features/a-graphic-representation-of-whats-really-made-in-america-feature

Opposite Day on October 23, 2012 at 7:48 PM

Ginning up the TURNOUT for his audience of takers and morons.

Do you shake your head as much as I do wondering how in the world this man is not at 25% in the polls?

Are Americans that lost?

PappyD61 on October 23, 2012 at 7:49 PM

The bankrupt meme is perfect for dumb liberals. People and companies go bankrupt all the time only to return to own homes and businesses.
Brayam eats this shite up.

CW on October 23, 2012 at 7:49 PM

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.

WRONG, WRONG, WRONG.

Romney didn’t write the title. The New York Times did.

ABC News:

In 2008, Romney wrote an op-ed in the New York Times opposing a taxpayer-funded bailout of GM and Chrysler, calling instead for a “managed bankruptcy,” which ultimately occurred. The article’s title, “Let Detroit Go Bankrupt,” was written by the paper, not Romney.

The Huffington Post:

Romney is right on one front. In his infamous New York Times op-ed, titled by the paper “Let Detroit Go Bankrupt,” he did say that government money should be made available for automakers if they needed help emerging from bankruptcy.

National Journal:

In a 2008 New York Times op-ed, “Let Detroit Go Bankrupt” (a headline he did not write), Romney suggested a “managed bankruptcy” for the auto industry.

Please correct your post. It is INTELLECTUALLY DISHONEST for Obama to claim that Romney EVER said “Let Detroit Go Bankrupt.” He didn’t.

Resist We Much on October 23, 2012 at 7:49 PM

When President Doublespeak says ‘auto industry’, he means autoworker Unions.
When President Doublespeak says ‘teachers’, he means teachers’ unions’.
When President Doublespeak says ‘police’, he means police unions.
When President Doublespeak says ‘robust middle class’, he means unions.
Those are the ONLY higher paying jobs he gives a flying f about, because those are the only jobs that fund his campaigns.

And when President Doublespeak says, ‘green energy’ he means fraudulant shell corporations set up by key donors so that OUR money can be given to his political cronies as a 1000-fold return on their investment in his campaign.
Name ONE of Chu’s Picks that’s turned a profit, remained solvent, produced the marketable product that they received millions of our tax dollars to produce. Name ONE that went more than a year after receiving our money before filing for bankruptcy after vanishing the cash. Name ONE that wasn’t run by big donors / bundlers for teh Obama campaign.

rayra on October 23, 2012 at 7:50 PM

Appealing to the base.

22044 on October 23, 2012 at 7:50 PM

Actually, the auto bailout strategy is a very smart one. It’s kept him in the lead in Ohio and the firewall is strong as long as that state is in his column.

gumbyandpokey on October 23, 2012 at 7:51 PM

I believe the real sticking point last night was Obama’s contention that Mitt had not offered government help after a managed bankruptcy. Obama was shown to be lying by Chris Wallace directly after the debate by directly quoting the article.

a capella on October 23, 2012 at 7:52 PM

Let’s recap the exchange between Romney and the boy king last night.

ROMNEY: I’m a son of Detroit. I was born in Detroit. My dad was head of a car company. I like American cars. And I would do nothing to hurt the U.S. auto industry. My plan to get the industry on its feet when it was in real trouble was not to start writing checks. It was President Bush that wrote the first checks. I disagree with that. I said they need — these companies need to go through a managed bankruptcy. And in that process, they can get government help and government guarantees, but they need to go through bankruptcy to get rid of excess cost and the debt burden that they’d — they’d built up.

And fortunately…

(CROSSTALK)

OBAMA: Governor Romney, that’s not what you said…

(CROSSTALK)

OBAMA: Governor Romney, you did not…

ROMNEY: You can take a look at the op-ed…

(CROSSTALK)

OBAMA: You did not say that you would provide government help.

ROMNEY: I said that we would provide guarantees, and — and that was what was able to allow these companies to go through bankruptcy, to come out of bankruptcy. Under no circumstances would I do anything other than to help this industry get on its feet. And the idea that has been suggested that I would liquidate the industry, of course not. Of course not.

(CROSSTALK)

OBAMA: Let’s check the record.

Yes, let’s check “the record.”

It is not wrong to ask for government help, but the automakers should come up with a win-win proposition. I believe the federal government should invest substantially more in basic research — on new energy sources, fuel-economy technology, materials science and the like — that will ultimately benefit the automotive industry, along with many others. I believe Washington should raise energy research spending to $20 billion a year, from the $4 billion that is spent today. The research could be done at universities, at research labs and even through public-private collaboration. The federal government should also rectify the imbedded tax penalties that favor foreign carmakers.

But don’t ask Washington to give shareholders and bondholders a free pass — they bet on management and they lost.

The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.

In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.

Flora Duh on October 23, 2012 at 7:53 PM

Actually, the auto bailout strategy is a very smart one. It’s kept him in the lead in Ohio and the firewall is strong as long as that state is in his column.

gumbyandpokey on October 23, 2012 at 7:51 PM

Lying is smart strategy? Thanks for confessing this godless reprobate.

tom daschle concerned on October 23, 2012 at 7:54 PM

The Utter Bankruptcy of Barack Obama

Maybe, Obama’s slogan should be:

“The UAW is alive and the UMW is dead!!!”

Resist We Much on October 23, 2012 at 7:55 PM

gumbyandpokey on October 23, 2012 at 7:51 PM

Will you be with us right up through the election? I wonder how soon you will fade from view. Shouldn’t be long, now.

a capella on October 23, 2012 at 7:55 PM

Gawd, how I look forward to not hearing from this lying little punk every day.

petefrt on October 23, 2012 at 7:56 PM

Actually, the auto bailout strategy is a very smart one. It’s kept him in the lead in Ohio and the firewall is strong as long as that state is in his column.

gumbyandpokey on October 23, 2012 at 7:51 PM

Says who?

Chuck Schick on October 23, 2012 at 7:56 PM

I feel sorry for these desperate people who will say anything to get elected. The taxpayers would not be out about a trillion dollars; Chrysler would be an American company, not an Italian company and its suppliers would not have been bankrupted and forced out of business; GM would be retooling its business; Saab may still be alive; successful car dealers would still have their dealerships instead of being shut down; tens of thousands of non-union auto industry workers might have jobs and would still have pensions.

My, Barry: It’s time for you to see a shrink. You just cannot control these delusional outbursts.

Philly on October 23, 2012 at 7:57 PM

Stupid Hopey,hes still stuck in the ditch,with the gear-selection
in (D),for Digging ForWard,

ever Deeper!!!

canopfor on October 23, 2012 at 7:58 PM

Actually, the auto bailout strategy is a very smart one. It’s kept him in the lead in Ohio and the firewall is strong as long as that state is in his column.

gumbyandpokey on October 23, 2012 at 7:51 PM

Again there’s gumby talking like he knows something when in actuality he knows absolutely nothing. I grew up in Marysville Ohio, aka home of the very first Honda plant in the United States. The campaign meme about the auto bailout “bailing out” Obama in Ohio is WRONG!!!

The majority of the auto industry jobs in Ohio are directly and indirectly the result of Honda, not Government Motors. It’s ironic that he’s talking about this in Dayton when GM and Delphi no longer exist in Dayton (Moraine to be exact). Of course Obama isn’t smart so it shouldn’t surprise me.

MobileVideoEngineer on October 23, 2012 at 7:58 PM

FOWARD!!!!!

jukin3 on October 23, 2012 at 7:58 PM

“The UAW is alive and the UMW is dead!!!”

Resist We Much on October 23, 2012 at 7:55 PM

How well we know it, here in coal country, PA.

petefrt on October 23, 2012 at 7:59 PM

Gawd, how I look forward to not hearing from this lying little punk every day.

petefrt on October 23, 2012 at 7:56 PM

Obama or gumby?

Flora Duh on October 23, 2012 at 7:59 PM

We might not have a UAW to deal with under Romney, especially a UAW that, if they can figure out how to cash out of Fiat America (nee Chrysler) before they bleed it dry, will recover somewhere north of $40 billion on a mere $30 billion of pre-bankruptcy-seizure obligations GM and Chrysler owed it.

Steve Eggleston on October 23, 2012 at 8:01 PM

Isn’t that what Al Gore wanted. We are all going to die because of the internal combustion engine.They can’t even get their talking points down from year to year.

Hummer53 on October 23, 2012 at 8:01 PM

Here’s the question: will my liver live for the next 14 days?

Dingbat63 on October 23, 2012 at 8:01 PM

Actually, the auto bailout strategy is a very smart one. It’s kept him in the lead in Ohio and the firewall is strong as long as that state is in his column.

gumbyandpokey on October 23, 2012 at 7:51 PM

That the Obama camp is even talking about losing Ohio is a stunning turn of events.

No wonder, then, that Romney seemed like the man who was winning last night. When he spoke, you thought “energy in the executive.” When Obama spoke, the words that came to mind were “fatigue,” “apathy,” “frustration.” In his closing statement the president was clearly rattled, lamely reciting talking points we’ve heard too often before, not even pretending to care about what he was saying — simply wanting it to be over. It was as though a light had gone out. Was he disconcerted by the smoothness of Romney’s performance? Or is his campaign’s internal polling in Ohio less pretty than his people are letting on?

Bye gumby

Conservative4ev on October 23, 2012 at 8:01 PM

The bankrupt meme is perfect for dumb liberals. People and companies go bankrupt all the time only to return to own homes and businesses.
Brayam eats this shite up.

CW on October 23, 2012 at 7:49 PM

Add Gumby to the list. Sheesh the amount of dumb people never fails to amaze me.

CW on October 23, 2012 at 8:05 PM

Obama has the arrogance of someone who thinks the way the world works is simple, and that he knows everything about it.

Socratease on October 23, 2012 at 8:05 PM

…JugEars can outright lie on national TV and know there will be no consequences…doesn’t that scare anybody?

KOOLAID2 on October 23, 2012 at 8:07 PM

Did Romney actually write the headline for his opinion piece? Just asking.

SAZMD

Nope. And here’s another little tidbit….Detroit, aka GM, DID file for bankruptcy, despite the implication by Obama that it didn’t.

xblade on October 23, 2012 at 8:07 PM

I’m waiting to write a check for my Fiskar’s Coupe as we type…….

Don’t need no stinking American hybrid. I’m going full boat socialist vehicle…

UAW member? Retired already? Don’t worry, you’ve raided enough of the Union and the Industry’s future to keep yourself afloat for 3 or 4 years.

UAW not retired yet? You are screwed.

oldroy on October 23, 2012 at 8:08 PM

Hmmmmmmmmmmmmmmmmmm…..lets review….

On Wall Street: Chrysler saga sets dangerous precedent
May 1, 2009 8:15 pm
********************

Regardless of its literary influences, the Obama administration’s decision to give unions a big stake in the ailing Chrysler while strong-arming banks into forgiving a huge portion of debt is a sign of the times.(More….)

http://www.ft.com/intl/cms/s/0/f4d04d3e-3675-11de-af40-00144feabdc0.html#axzz2AAbjJZtV
=====================================

canopfor on October 23, 2012 at 8:09 PM

Even if this were true, how can you morally and ethically defend economic “beauty contests” where a group of politicians gets to decide which businesses get to succeed with special favors, and which do not? By what legal and moral right does the federal government get to ‘loan’ money at special rates to certain businesses?

If I recall, Romney said something similar last night, something about the government giving money to one business creates an unfair advantage and causes private investors to flee the market.

cep on October 23, 2012 at 8:11 PM

Gumby look up …you’re needed in the ABC/Wapo poll thread…HURRRY!!!

CW on October 23, 2012 at 8:11 PM

Again there’s gumby talking like he knows something when in actuality he knows absolutely nothing. I grew up in Marysville Ohio, aka home of the very first Honda plant in the United States. The campaign meme about the auto bailout “bailing out” Obama in Ohio is WRONG!!!

The majority of the auto industry jobs in Ohio are directly and indirectly the result of Honda, not Government Motors. It’s ironic that he’s talking about this in Dayton when GM and Delphi no longer exist in Dayton (Moraine to be exact). Of course Obama isn’t smart so it shouldn’t surprise me.

MobileVideoEngineer

Yeah, but if GM went bankrupt, there would be no car parts, so Honda wouldn’t have survived either.

/sarc

xblade on October 23, 2012 at 8:13 PM

If only Barky could have saved Studebaker and Hudson.

chewmeister on October 23, 2012 at 8:17 PM

Just shows Barry’s desperation. More and more, nothing comes out of his mouth but bullshit to fire up his base.

His base is not enough to get him re-elected.

GarandFan on October 23, 2012 at 8:18 PM

The taxpayer wouldn’t be on the hook for a truly crap investment (we’re at least 50% underwater on our ‘investment’ and don’t hold your breath)

The bond holders would still have their cash (nobody steals like a government).

And GM would most certainly have survived a managed Chapter 11. (God willing you’re about to see one with American Airlines.)

———————

These are axiomatic facts.

But Barky had to buy off the unions WITH YOUR MONEY.

Mitt says it much more nicely than I do, however.

CorporatePiggy on October 23, 2012 at 8:23 PM

Are they even trying anymore?

Truth-telling requires little effort. Not that anybody at Hot Air would know.

Constantine on October 23, 2012 at 8:23 PM

We’d all have to ride horses!

slickwillie2001 on October 23, 2012 at 8:23 PM

UAW not retired yet? You are screwed.

oldroy on October 23, 2012 at 8:08 PM

Currently a UAW worker…not in the auto industry though…

And yeah the union is worthless. THey take from my earnings and act like they have our backs. We have a tiered pay schedule, and lose benefits every time a contract is renewed…

Looking to get out in the next year or two.

tom daschle concerned on October 23, 2012 at 8:23 PM

Oh, and GM’s fundamentals are still screwed.

We stuck the taxpayer’s finger into the dyke.

It’s still set to fail.

CorporatePiggy on October 23, 2012 at 8:24 PM

I know it’s way too early and that he doesn’t deserve it but I’m beginning to pity this fool.

Mason on October 23, 2012 at 8:26 PM

Actually, the auto bailout strategy is a very smart one. It’s kept him in the lead in Ohio and the firewall is strong as long as that state is in his column.

gumbyandpokey on October 23, 2012 at 7:51 PM

Says who?

Chuck Schick on October 23, 2012 at 7:56 PM

Andy Stern. David Axelrod. And the puppet-marxist’s handler, Valeria Jarrett.

rayra on October 23, 2012 at 8:27 PM

Add Gumby to the list. Sheesh the amount of dumb people never fails to amaze me.

CW on October 23, 2012 at 8:05 PM

Not dumb. Just deeply dishonest. To both themselves and their audiences.

rayra on October 23, 2012 at 8:30 PM

“They act like they’re permanent residents of some unicorn ranch in Fantasy land.” – Sarah Palin

Pork-Chop on October 23, 2012 at 8:31 PM

I don’t think Romney said “Let Detroit go bankrupt” I think that is the headline the NY times put on top if Mitt’s article.

birdwatcher on October 23, 2012 at 7:28 PM

Of course, and little Bammie being a seventh-grade level reader (as he writes) only read the title.

slickwillie2001 on October 23, 2012 at 8:31 PM

Truth-telling requires little effort. Not that anybody at Hot Air would know.

Constantine on October 23, 2012 at 8:23 PM

And look at this lying moron, peddling a video from that venal dwarf Robert Reich, the advocate for the White Male Disemployment campaign. The LIAR who throughout the 2004 campaign was lying about a strong economy with a 5% unemployment rate – long held to be ‘full’ employment – calling it a Depression in his fluffer service to the Kerry campaign. You’re an f’n shill Constantine and you should be flensed.

rayra on October 23, 2012 at 8:35 PM

Don’t forget all the Chrysler and GM dealerships owned by evil white Republicans that got shafted. To fix that outrage we will need an FBI investigation and likely a billions-of-dollars settlement.

slickwillie2001 on October 23, 2012 at 8:36 PM

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

Did Obama forget that Mitt’s father was part of the auto industry.
It’s where the money Obama hates so much came from. Mitt talks about being a “car guy” all the time.
Fool

bluealice on October 23, 2012 at 8:37 PM

No, we’d all be riding horses and carrying bayonets.

RoadRunner on October 23, 2012 at 8:39 PM

Again, let him go slowly… into the great light of Havayee. Getting him out of office means Peace.

Key West Reader on October 23, 2012 at 8:42 PM

I, and most people I know simply wanted GM to go thru the proper channels to right the ship. The bail out was simply a disguise to pay off union money. Ford did not accept money and is as strong as ever.

jaywemm on October 23, 2012 at 8:44 PM

close to every arguement obama makes is nothing more than a high school level strawman. jeezzzzzz

zdpl0a on October 23, 2012 at 8:46 PM

One word.

F O R D

MityMaxx on October 23, 2012 at 8:49 PM

And look at this lying moron, peddling a video from that venal dwarf Robert Reich, the advocate for the White Male Disemployment campaign. The LIAR who throughout the 2004 campaign was lying about a strong economy with a 5% unemployment rate – long held to be ‘full’ employment – calling it a Depression in his fluffer service to the Kerry campaign. You’re an f’n shill Constantine and you should be flensed.
rayra on October 23, 2012 at 8:35 PM

It still amazes me how a difference of opinion inspires such rage, name-calling and ridicule of peoples’ appearance, sexual orientation, etc. You may disagree with Reich, but Bush’s policies pulled our country into the economic crapper. No disputing that, so what’s your problem?

Constantine on October 23, 2012 at 8:51 PM

Obama is either absolutely inept or he’s a blatant unforgiving liar. I hope he understands that his house of cards could crumble at any second,

rplat on October 23, 2012 at 8:52 PM

Obama is either absolutely inept or he’s a blatant unforgiving liar.

rplat on October 23, 2012 at 8:52 PM

Perhaps both?

ClintACK on October 23, 2012 at 9:10 PM

Nothing to say other than … this guy is full of shiite … is it any wonder his eyes are so brown?

ORrighty on October 23, 2012 at 9:11 PM

So Romney is a bad guy in the pockets of big business and he wouldn’t have thrown away hundreds of billions of dollars bailing out big businesses like Obama did.

So support Obama, who will promise to throw billions more at corporations; and not the Romney guy in the pocket of corporations who won’t throw billions of dollars of your money at businesses.

If that was supposed to make sense… I don’t have Romnesia, but I might have just had a stroke or something.

Did that sound like unintelligible gibberish to anyone else? Or should I go see a doctor?

gekkobear on October 23, 2012 at 9:23 PM

What’s wrong with the headline “Let them go bankrupt”? Many many companies go through bankruptcies every year and come out in better shape than they entered. What Obama did was to lock in the fiscal problems that GM had with his meddling ways and hurt all of the people who had helped GM out buy buying their bonds and stock. The people that hurt GM, the UAW and the many supplier unions took no hit and were allowed to keep their inflated salaries and benefits. So now the US is out $50 billion and the unions are still overpaid with pensions and healthcare costs that are way out of proportion to their value as workers and GM is on the path to bankruptcy. Had they gone through normal bankruptcy they would now be in good shape to survive the real world competition. Most businesses that go bankrupt never miss a day of production or layoff their workers. If they do it is the fat that caused the problem in the first place. Obama has shown his ignorance of business matters and the sooner we get rid of him the better.

inspectorudy on October 23, 2012 at 9:28 PM

After the snarky lecture Obama gave Romney last night about boats, bayonets, and donkeys or whatever, Romney should totally feel within his rights to give Obama a lecture on the meaning of the word “bankruptcy.” The difference would be that Romney would actually be telling Obama something he doesn’t already know.

smellthecoffee on October 23, 2012 at 9:37 PM

It still amazes me how a difference of opinion inspires such rage, name-calling and ridicule of peoples’ appearance, sexual orientation, etc. You may disagree with Reich, but Bush’s policies pulled our country into the economic crapper. No disputing that, so what’s your problem?

Constantine on October 23, 2012 at 8:51 PM

Actually, if you go look at the facts, the dems took over control in 2007, and things went downhill from there. You are not an honest person, and neither is Reich or Obama or any other leftist I’ve ever seen. There is no disputing that.

Night Owl on October 23, 2012 at 9:38 PM

LOL, comically pathetic.

Midas on October 23, 2012 at 9:42 PM

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.

Which they probably wouldn’t be if they hadn’t been allowed to follow Romney’s advice and undergo a reorganization bankruptcy. Sigh. Do you think Obama skipped those classes at Harvard Law?

talkingpoints on October 23, 2012 at 9:43 PM

If Romney had been president, we’d have cats and dogs living together!!!

portlandon on October 23, 2012 at 7:26 PM
Yes, but Senator Obungler would have dined on them, so it’s not really a plus.

Thomas More on October 23, 2012 at 7:29 PM

No! No! No! Barky only eats dogs! He’d have to bring ALF along to eat the cats.

Benedict Nelson on October 23, 2012 at 9:52 PM

Again, let him go slowly… into the great light of Havayee. Getting him out of office means Peace.

Key West Reader on October 23, 2012 at 8:42 PM

No, Unacceptable. He and his co-conspirators, cronies and criminals must be held accountable. They must pay, be humiliated, such that none ever want to have anything to do with them or their treasonous political party. Ever. Again.

The notion that he/they will be allowed to simply waltz off to a semi-private luxurious existence somewhere is simply intolerable and unacceptable if want to a) consider this a nation of laws for *all*, and b) don’t want to invite the same and worse in the future by choosing to tolerate it now.

Midas on October 23, 2012 at 10:01 PM

Comment pages: 1 2