Romney swings at Obama's auto bailout, hits himself
Romney swings at Obama's auto bailout, hits himself
Naturally, Romney's ad doesn't stop there. It goes on to claim that the administration "sold Chrysler to Italians who are going to build Jeeps in China." Although Italian automaker Fiat did buy Chrysler (as well as the federal government's stake in the company), the claim about China is "simply not true," according to FactCheck.org, citing a statement by Chrysler. The company says it's exploring ways to increase production of Jeeps in China and "has no intention of shifting production of its Jeep models out of North America" (emphasis in the original).
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More than that, it's beyond cynical for a supposed defender of free-market capitalism to complain about a privately owned company's decision to locate manufacturing assets where they best serve the company's interests. But Romney's been stung by reports that the private-equity firm he ran, Bain Capital, invested in numerous companies that sent jobs overseas -- reports that Obama and his allies have touted throughout the campaign. Clearly, demagoguery about offshoring isn't the exclusive province of Democrats in this campaign.
Obama's handling of the auto bailout provides plenty of material for critics; the administration was deeply involved in the decisions about how losses would be allocated among the creditors, and some creditors argue that their interests were subordinated for political reasons. Romney should stick to the issues where there's a real dispute, rather than trying to make Obama look like a villain for doing the very things Romney would have done.
http://www.latimes.com/news/opinion/opinion-la/la-ol-mitt-romney-auto-bankruptcy-commercial-20121029,0,6711758.story
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