The video above is a new ad from the Romney campaign that says the auto bailout was bad. Here is Mitt Romney in Ohio on May 7 saying not only that the auto bailout was good, but that he deserves credit for its success...
ROMNEY: "My own view, by the way, was that the auto companies needed to go through bankruptcy before government help. And frankly, that’s finally what the president did. He finally took them through bankruptcy. That was the right course I argued for from the very beginning... I’ll take a lot of credit for the fact that this industry’s come back."
Mitt Romney: running campaign ads against himself.
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Very interesting. (which is the polite way to say WTF????) The fact that it's Romney vs. Romney isn't surprising...he does that every time he opens his mouth... but it's also one of the best arguments in favor of labor unions that I've heard/seen in a long time. I'm thinking this isn't the message Romney wanted to portray.
It's an interestingly uneducated way to look at things, this ad. Fact 1: GM goes out of business, so does Dephi. Now, they have no pension, or job.
Fact 2: Unions are good for workers. If they were in a union shop, they wouldn't have been completely at the mercy of their employer, because they would have had a union advocate.
Final verdict? It sucks if you don't have a union. I sucks even worse if you don't have a job either.
Damn straight! If you opt out of being in a union you can't then come back to the union and claim foul when you get the shaft. There is safety in numbers when dealing with the sharks too bad you though you little plastic flottie was enough to retire on.
Wow you guys are clueless, the union didn't protect its workers President Obama Protected the union workers. He took OUR tax money and payed it to the pensions of the people that he chose( namely the unions) then once he payed off those that supported him, GM still declared bankruptcy.
So the difference between Romney and President Obama is we wouldn't be paying 51 Billion in taxes to get the exact same result.
Your entire Party is clueless and obstructionist as well as sore losers.
is it just me, or when you watch o'donnell for more than 10 seconds, you wonder what incompetent television exec would fund nonsense like him, and has anyone looked into whether his faculties are all there...rumour is that after the election, comcast is going to clean that failure out and replace them with talent that can be watched and liked...i mean let's be serious, al sharpton??
I think you have confused MSNBC show with FOX news where they lie all the time so its expected that the viewers who watch that show doesn't know the truth because they never hear it. Lawrence and the rest of the show cast members act with not only the truth but with a good character. I could never understand people like you who hear this man that u fools want to be president lie after lie on television contradicting himself and is still in denial mabey u think JESUS has arrived I am so sick and tried of the people who will stand behind foolishness that they hear and let the republican party blow smoke up your ass even JESUS is trying to tell u people something OBAMA 2012
Did Romney finish Elementary school? No, seriously, did he? He makes Sarah Palin sound like a genius every time he opens his mouth!!!!!!!!!!!!!!!!!!!!!!
I agree and for Romney he is just out of touch and a crazy he will not be running the country the tea party they will and that scarey it frighten's me to even think about it.
Romney is such an IDIOT!!!!
Romney is such an IDIOT!!!
Agree. No argument from me!!!
Of course, the real issues here are that Romney was calling, as were a number of business executives and economists, for General Motors to go through a bankruptcy proceeding in a court of law. Instead what they got was the Democrat Administration assigning a CZAR to oversea the "bankruptcy like" workout, which was throwing the former GM Stock and Bond holders under the bus as they had no legal protection of their interests, while the Unions got the clean end of the stick. The $80 billion "invested" by the federal tax payers to shore up the International Mega Company that is General Motors with the Federal Government holding shares and warrents in the public firm for their monies ventured, and the smaller loans (since paid off) to the non-public Chrysler Corporation was the extent of the federal largesse here (if you don't include the "Cash for Clunkers" federal government subsidy to dealers and consumers). Only $29 billion of the $80 billion has been repaid to date by General Motors, and it is understood that some $24 billion may never be repaid, which is the amount that we have invested in warrents for the ability of the Federal Government to purchase even more stock. No court of law would have dealt with a bankruptcy proceeding in that manner.
Of course, there are 50,000 fewer workers in the auto industry today than there were in 2007 before things started to go South, with Ford Motor Company, which wanted no part of the federal takeover of their corporation, now doing the best of the Big Three. General Motors has 220,000 workers world wide, but the problem is that only 80,000 of them are employed here in the United States, so the much vaunted Federal Government intervention actually went to the benefit of other parts of the global economy, as a good number of the GM vehicles now being sold in the U.S. are produced in other countries.
Then, as the price of this workout included the independent dealers and franchised dealers who had to shut their doors, with the resulting layoffs of managerial, sales, clerical, and mechanical workers, and the loss of advertising dollars to the communities where the empty dealership buildings and lots can still be seen today, and you have perhaps a better understanding of the success (or lack of success) that the government forced terms of "bankruptcy workout" actually accomplished. Oh, and good luck finding investors now that are willing to put up monies for the GM stock and bond offerings of the future (not that they would want any part of being in partnership with the usurping Federal Government, or forced to have the success of their investments ultimately hinge on the success of the government dictated production goals of the "Chevy Volt".
The end of this story is yet to be written!
For those who want the facts rather than rants from Grandpa Fuzz's right wing hen party, try this...
http://www.nytimes.com/2012/02/26/opinion/sunday/a-million-jobs.html
The American economy was terrifyingly close to the brink in 2008 and 2009, and the impending collapse of General Motors and Chrysler threatened to be the final push.
Four years later, there are 1.45 million people who are working as a direct result of the $80 billion bailout, according to the nonpartisan Center for Automotive Research both at the carmakers and associated businesses downstream in the economy. Michigan’s unemployment level is at its lowest level in three years. G.M. is again the world’s biggest automaker, and both companies are reporting substantial profits.
This article is from February, 2012...
And Romney's analysis?
“The president tells us that without his intervention things in Detroit would be worse,” he wrote recently in the Detroit News. “I believe that without his intervention things there would be better.”
Maybe that's what his wife meant by saying he was a "prankster." Shoot, that guy sometimes does more comedy by accident than I do on purpose.
Here you go, history students... The famous "Let Detroit Go Bankrupt" op-ed...
http://www.nytimes.com/2008/11/19/opinion/19romney.html
Realistically, the country may lose some money on the auto bailouts. But I note the righties are noticeably silent on all that money spent over in Iraq to eliminate non-existent WMD's... Or the tax cuts that accompanied this horror... Man, pass the Pepto, please...
Of course, as usual, in no way dies your rebuttal quoting the "In the Bag for Obama" NY Times refute any if the facts and figures and history of the Obama Administration intervention into GM and the loan to Chrysler (a private company under management of a dreaded private equity firm) in my "rant" as you refer to it!
Get a Life, Cab Driver, and quit stalking me on this blog!
I'm too busy enjoying myself with those Freudian typos that keep creeping into your replies...
Your subconscious is definitely in there pitching with that "no way dies" my rebuttal...
Only graceful way out for you is admit you've been writing parody in hopes of landing a job with Stephen Colbert...
That ad made no sense at all...The dumbest ad ever.
LMAO ... once again, Lurch shoves his humongous foot into his humongous mouth ...