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Sat Apr 28, 2012, 08:44 PM

President Obama's rescue of the auto industry is a big problem for Republicans

Mitt Romney's delusional attempt to take credit for the rescue (http://www.democraticunderground.com/1002622596) comes right after reports that Chrysler posted it's best quarter in 13 years (http://www.democraticunderground.com/1014107283).

President Obama literally rescued the entire industry, including the suppliers.

<...>

Before the domestic auto rescue, President Obama made$5 billion in Federal loans available to small auto parts suppliers:

The Treasury Department announced a $5 billion program to aid struggling auto-parts suppliers, raising the likelihood the government will extend more aid to General Motors Corp. and Chrysler LLC.

What a lot of folks, including politicians, don't seem to realize is that GM and Chrysler merely ASSEMBLE cars. They don't make the parts.

<...>

Obama rescued the Domestic Auto Industry.

But BEFORE that. BEFORE that. BEFORE he sent the domestic auto industry into structuered bankruptcy, he made sure the LITTLE GUYS....the SMALL manufacturing companies that make SPRINGS or BOLTS or LATCHES or TINY WIDGETS were able to stay afloat so that when GM got back on its feet again it didn't have to look to CHINA or MEXICO to make those parts because the previous suppliers had gone belly up.

- more -

http://www.dailykos.com/story/2012/02/29/1069618/-What-Happened-Before-the-Rescue-of-the-Domestic-Auto-Industry


As Romney's desperate attempt proves, any mention of the success of the auto bailout causes Republicans to lose their minds.

Karl Rove’s hissy fit: “Offended” by Chrysler ad

<...>

Karl Rove heard echoes of Obama’s rhetoric too, and implicit optimism about the direction of the country, and cried foul.

“I was, frankly, offended by it,” Rove said on Fox News Monday. “I’m a huge fan of Clint Eastwood, I thought it was an extremely well-done ad, but it is a sign of what happens when you have Chicago-style politics, and the president of the United States and his political minions are, in essence, using our tax dollars to buy corporate advertising.”

<...>

The flap over the ad confirms the GOP’s serious branding problem: The problem for Rove and the rest of the GOP is that their party’s narrative has become relentlessly negative, pessimistic and uninspiring. They’ve left the language of optimism and resilience, higher ground and common ground, to the Democrats, and lately President Obama has grabbed every opportunity to employ that language...the fact is the president saved the auto industry at a time when Republicans, most notably Mitt Romney, urged him to let it die. If he gets credit for that unpopular decision, that’s because he deserves it.

http://www.salon.com/2012/02/06/karl_roves_hissy_fit_offended_by_chrysler_ad/singleton/

President Obama's rescue of the auto industry is literally driving Republicans nuts!

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Arrow 15 replies Author Time Post
Reply President Obama's rescue of the auto industry is a big problem for Republicans (Original post)
ProSense Apr 2012 OP
monmouth Apr 2012 #1
ProSense Apr 2012 #2
monmouth Apr 2012 #3
cwydro Apr 2012 #13
banned from Kos Apr 2012 #4
Old and In the Way Apr 2012 #5
banned from Kos Apr 2012 #7
lunatica Apr 2012 #6
ProSense Apr 2012 #8
Tarheel_Dem Apr 2012 #9
Iliyah Apr 2012 #10
Botany Apr 2012 #11
LynneSin Apr 2012 #12
ProSense Apr 2012 #14
ProSense May 2012 #15

Response to ProSense (Original post)

Sat Apr 28, 2012, 08:46 PM

1. And Osama is still dead. n/t

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Response to monmouth (Reply #1)

Sat Apr 28, 2012, 08:59 PM

2. Yup, but

Romney doesn't want anyone to mention that either: http://www.democraticunderground.com/1002617193

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Response to ProSense (Reply #2)

Sat Apr 28, 2012, 09:06 PM

3. I hope it is constantly mentioned. I wouldn't be surprised if the President mentions it

in his speech tonight. Something along the lines of "This time last year..."...The applause will be awesome and romney will cry.

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Response to ProSense (Reply #2)

Sun Apr 29, 2012, 01:35 AM

13. Yeah and Wall Street was rescued by our man Obama too...

but the country is on life support.

I voted for him once.

Period.

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Response to ProSense (Original post)

Sat Apr 28, 2012, 09:06 PM

4. yes. The standard GOP lie is that SOMEONE would have provided DIP funding for GM

 

There is no truth to that lie at all

DIP for GM cost over $40 billion. No one would do that - except Obama.

k/R

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Response to banned from Kos (Reply #4)

Sat Apr 28, 2012, 09:13 PM

5. No one could.

The banks were in a liquidity freeze. There was no money to lend for restructuring or working capital. The automotive industry was hammered on 2 fronts....declining sales and no availability of short term cash.

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Response to Old and In the Way (Reply #5)

Sat Apr 28, 2012, 09:16 PM

7. Right. We were in a liquidity freeze. The Fed made McDonalds PAYROLL

 

with a loan (among others) for crying out loud.

2008 was a toilet.

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Response to ProSense (Original post)

Sat Apr 28, 2012, 09:16 PM

6. Honey, that's just one of their problems

They have a lot of women pissed off too. They will definitely hear us roar.

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Response to lunatica (Reply #6)

Sat Apr 28, 2012, 10:07 PM

8. Yeah,

I'd love to see this clip go viral: http://www.democraticunderground.com/1002622616

It nails Romney and the Republicans.



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Response to ProSense (Original post)

Sat Apr 28, 2012, 10:17 PM

9. K&R

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Response to ProSense (Original post)

Sat Apr 28, 2012, 11:17 PM

10. Mittens is already

taking credit for it.

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Response to ProSense (Original post)

Sat Apr 28, 2012, 11:20 PM

11. Sure "they" are pissed and they have a problem w/ the auto LOANS (not a bailout)

And the problems are in:

Michigan
Ohio
Indiana
Illinois
Wisconsin
Iowa
Minnesota

all of which have auto makers or or auto part suppliers

not to mention steel, aluminum, auto glass, wiring, plastics, and auto computer manufacturers

but at least "they" have the states where trucks and trains "haul cars" to markets

In late November / early December of 2008 President elect Obama put together men and women
to work on saving the auto industry in the U.S. ....... all I can say is:


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Response to ProSense (Original post)

Sat Apr 28, 2012, 11:45 PM

12. Well Mitt Romney does have 13 Chyslers so I guess he could take some of the credit!

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Response to LynneSin (Reply #12)

Mon Apr 30, 2012, 11:35 AM

14. LOL! n/t

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Response to ProSense (Original post)

Thu May 3, 2012, 10:04 AM

15. GM reports $1 billion first-quarter profit, beating estimates

GM reports $1 billion first-quarter profit, beating estimates

GM (GM) posted a profit of $1 billion in the first quarter, beating Wall Street expectations on strong demand in its key North American market.

GM also said the U.S. economy was improving and it expected its core North American results in the second and third quarters to largely match the first quarter due to scheduled downtime at its large truck plants.

"We're clearly seeing some improvement in the (U.S.) economy," Chief Financial Officer Dan Ammann told reporters. "It's a modest underlying improvement, but it's patchy and it won't necessarily all go in a straight line."

The quarter included the impact of $800 million in higher vehicle pricing and lower consumer incentives, half of which came in North America. Last year, GM offered heavy consumer incentives to drive sales in the U.S. market, something it did not do this year.

- more -

http://bottomline.msnbc.msn.com/_news/2012/05/03/11518519-gm-reports-1-billion-first-quarter-profit-beating-estimates


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