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Under the Mountain Bunker

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    dropfox:

Steve Doocy says that as he recalls, Mitt Romney’s plan saved the auto industry. Seriously.

    dropfox:

    Steve Doocy says that as he recalls, Mitt Romney’s plan saved the auto industry. Seriously.

    — 1 year ago with 8 notes
    #Ohio  #Mitt Romney  #Barack Obama  #auto industry 
    No, Mitt Romney, Jeep is not shipping our jobs to China →

    demnewswire:

    In his latest attempt to distort President Obama’s consistent record of successfully betting on the American worker, Mitt Romney shamelessly tried to scare voters into thinking that Jeep is moving production to China and taking American jobs with it. The claim is blatantly false: As Chrysler made clear, “Jeep has no intention of shifting production of its Jeep models out of North America to China.”

    — 1 year ago with 27 notes
    #Mitt Romney  #Romney  #Jeep  #Auto Industry  #Jobs  #Election 2012 

    Maddow Blog: It’s a good thing we didn’t let Detroit go bankrupt: “U.S. auto sales are on pace for the best showing since 2007 and a third straight year of at least 10 percent gains, only the fourth such streak since the Great Depression, as more-confident buyers return to showrooms.”

    (Source: underthemountainbunker.com)

    — 1 year ago with 2 notes
    #news  #politics  #economy  #auto industry  #mitt romney  #let detroit go bankrupt  #president obama  #bail out  #experiencing gains  #more buyers returning  #good for america  #detroit 
    MITT ROMNEY: “I’ll take a lot of credit” for auto industry recovery — Romney said his views helped save the industry. “I pushed the idea of a managed bankruptcy,” Romney said. “And finally, when that was done, and help was given, the companies got back on their feet. So I’ll take a lot of credit for the fact that this industry’s come back.” […] Romney’s stance on the bailouts and his infamous 2008 New York Times op-ed “Let Detroit Go Bankrupt,” have come up throughout the campaign, especially ahead of February’s primary in Michigan. In that editorial, Romney argued that a government bailout for ailing auto giants Chrysler and General Motors would do more harm than good. […] Romney also spoke out on his opposition to the government loaning money to the industry in 2009, placing some of the blame on Bush. —HuffPo [image: drunkonstevphen]
John Kerry laughed: “I just – he cannot be serious.”
Former auto czar Steve Rattner reacts to Mitt Romney taking credit for the auto bailout: “I’ve read, I think, everything Romney’s had to say on this subject, and the level of flip flopping and dissembling is truly mindboggling. He’s been on every side of the auto rescue at different times and said different things, so it’s hard to know what he honestly thinks.”
Another point – Before we even got to the managed bankruptcy in 2009 that Romney says he called for all along, there were a series of emergency loans in late 2008 to the carmakers from the federal government that Romney opposed. […] If Romney’s position had prevailed, there would have been no emergency loans and no auto industry left to put through a managed bankruptcy.

Image: “This is outside Romney’s Lansing event,” Reuters correspondent Sam Youngman tweets. – reuters

    MITT ROMNEY: “I’ll take a lot of credit” for auto industry recovery — Romney said his views helped save the industry. “I pushed the idea of a managed bankruptcy,” Romney said. “And finally, when that was done, and help was given, the companies got back on their feet. So I’ll take a lot of credit for the fact that this industry’s come back.” […] Romney’s stance on the bailouts and his infamous 2008 New York Times op-ed “Let Detroit Go Bankrupt,” have come up throughout the campaign, especially ahead of February’s primary in Michigan. In that editorial, Romney argued that a government bailout for ailing auto giants Chrysler and General Motors would do more harm than good. […] Romney also spoke out on his opposition to the government loaning money to the industry in 2009, placing some of the blame on Bush. —HuffPo [image: drunkonstevphen]

    • John Kerry laughed: “I just – he cannot be serious.”
    • Former auto czar Steve Rattner reacts to Mitt Romney taking credit for the auto bailout: “I’ve read, I think, everything Romney’s had to say on this subject, and the level of flip flopping and dissembling is truly mindboggling. He’s been on every side of the auto rescue at different times and said different things, so it’s hard to know what he honestly thinks.”
    • Another point – Before we even got to the managed bankruptcy in 2009 that Romney says he called for all along, there were a series of emergency loans in late 2008 to the carmakers from the federal government that Romney opposed. […] If Romney’s position had prevailed, there would have been no emergency loans and no auto industry left to put through a managed bankruptcy.
    • Image: “This is outside Romney’s Lansing event,” Reuters correspondent Sam Youngman tweets. – reuters
    — 1 year ago with 238 notes
    #mitt romney  #politics  #news  #takes credit for auto recovery  #auto industry  #lol  #what a maroon  #republicans  #let detroit go bankrupt  #bailouts  #loans  #president obama  #george w bush 
    Mitt Romney doubles down on his fail →

    Keep going, Mitt. You’re doing great!

    Romney condemns auto-industry rescue

    In a new Detroit News op-ed, the former Massachusetts governor says he’s glad the industry still exists, but proceeds to complain anyway about the way in which Obama rescued GM and Chrysler from an imminent collapse.

    Three years ago, in the midst of an economic crisis, a newly elected President Barack Obama stepped in with a bailout for the auto industry. The indisputable good news is that Chrysler and General Motors are still in business. The equally indisputable bad news is that all the defects in President Obama’s management of the American economy are evident in what he did.

    Instead of doing the right thing and standing up to union bosses, Obama rewarded them…. By the spring of 2009, instead of the free market doing what it does best, we got a major taste of crony capitalism, Obama-style.

    It takes a fair amount of chutzpah to face a crisis, get it wrong, then whine about the way in which the other guy got it right.

    This is a subject Romney would be better off ignoring. After all, in 2009, he famously urged policymakers to “let Detroit go bankrupt.” Romney was so certain Obama’s policy would fail, he said Americans could “kiss the American automotive industry goodbye” if Obama’s policy moved forward in 2009. Indeed, at the time, Romney called the administration’s plan “tragic” and “a very sad circumstance for this country.” He wrote an April 2009 piece in which he said Obama’s plan “would make GM the living dead.”

    Yep. Shoulda let ‘em go bankrupt. Can’t imagine why Santorum is ahead in Michigan.

    Let’s take another look at that satirical take on “It’s Halftime America” – the if-Romney-had-his-way, alternate-reality GM Super Bowl commercial:


    Well are ya? 

    — 2 years ago with 1 note
    #news  #politics  #unemployment  #war on the middle class  #lol  #fail  #auto industry  #Detroit  #General Motors  #GM  #it's halftime in america  #LOL  #michigan  #Mitt Romney  #new op-ed on letting auto industry go bankrupt