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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRomney Auto Bailout Ad Tells Four Myths In 30 Seconds
http://thinkprogress.org/economy/2012/10/28/1101491/romney-auto-bailout-ad-tells-four-myths-in-30-seconds/(snip)
1. Mitt Romney has a plan to help the auto industry. No specific plan is referenced in the ad, and Romneys campaign web site does not include a plan to help the auto industry. In 2008, Romney wrote a New York Times editorial titled, Let Detroit Go Bankrupt, and he re-upped his call against the auto rescue during the Republican primaries this year.
2. (Romney) is supported by Lee Iaccoca and the Detroit News. Chrysler Chairman Lee Iaccoca has indeed endorsed Romney. The Detroit News, a self-described conservative newspaper, endorsed him last week. But in that endorsement, the paper slammed Romneys wrong-headedness on the auto bailout.
3. Obama took GM and Chrysler into bankruptcy. Obama did take both companies into a managed bankruptcy, the path Romney says was originally his idea. Romney, however, supported private sector financing of the bankruptcy, a plan that was pure fantasy at the time since no private lenders could lend to the companies in the middle of the financial crisis. Without federal intervention, the companies would have almost assuredly collapsed, costing 1.3 million jobs, according to industry estimates.
4. (Obama) sold Chrysler to Italians who are going to build Jeeps in China. This week, Romney claimed he read a news story that said Chrysler was planning to moving all production to China. The Bloomberg News piece he referenced, though, made it clear that Fiat, the Italian company that now owns Chrysler, was opening new factories in China to make Jeeps for Chinese consumers. No American plants will be closed, and no American jobs will be lost. The ads claim may not be as false as Romneys previous statement, but it is certainly misleading.
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Romney Auto Bailout Ad Tells Four Myths In 30 Seconds (Original Post)
cal04
Oct 2012
OP
GoCubsGo
(32,100 posts)1. I wish they'd stop calling them "myths".
Just grow a spine and call them what they are: Flat-out LIES.
madokie
(51,076 posts)2. rMoney really has no honesty to campaign on
Everything rMoney is fake or an out right lie
Probably as close to a real POS as any of us will ever have heard of
jsmirman
(4,507 posts)3. #4 is a MASSIVE LIE
based on nothing but a reporter reading a press release egregiously badly.
Jeep is ADDING jobs in the Midwest.
Fucking liars.
yankeepants
(1,979 posts)4. OFA should do an ad for Romney's LPH (Lies Per Hour)
the could make it sound like a car ad and use a garish used car salesman and work in other scoundrelesque features.