Obama's politics of fraud on auto bailouts
The single biggest theme of President Obama’s reelection campaign has been a misleading attack-and-brag regarding the auto bailouts.Obama is now hammering Romney for repeating a statement by Chrysler's new owner Fiat that they planned to move some Jeep production to China. The media is all over this as some kind of misleading statement. Obama should have to list these guys for their in kind campaign contributions.
Obama and his partymates have attacked Romney a hundred times on the grounds that Romney wrote an op-ed with the headline “Let Detroit Go Bankrupt.” The implication of this attack is very clear:
(1) Obama didn’t let Detroit go bankrupt. and (2) Romney wanted to liquidate the failed automakers.
Both claims are false. And I’m not inferring too much here — Obama has made both of these false claims explicitly. “We didn’t let Detroit go bankrupt,” Obama said in a June fundraiser in Baltimore. “We refused to let Detroit go bankrupt,” Obama said in his radio address two weeks ago.
Here are Chrysler’s bankruptcy filings from April 2009. Here’s an MSNBC article from a month later, reading “General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration’s plan to shrink the automaker….”
So, Obama actually took GM & Chrysler into bankruptcy.
The second implication is that Romney wanted to drive GM & Chrysler out of business, and that he wouldn’t have bailed them out. Again, Obama repeatedly made this claim explicitly.
In the third debate, Obama said “You did not say that you would provide government help.” Later he said, “You were very clear that you would not provide, government assistance to the U.S. auto companies, even if they went through bankruptcy.” But Romney’s op-ed explicitly calls for federal loan guarantees and federal management of the bankruptcy.
It’s hard to consider this anything than a dishonest attack by Obama, and it’s kind of amazing that he got away with it, almost entirely, until Romney called him out on it in the third debate....