Michigan, are you listening? Debunking Obama’s Bankruptcy Spin on Auto Bailouts

Obama’s auto bailout ‘success’ is a disaster for taxpayers.

Like a toddler who likes to continually jabber a new phrase, Obama keeps blabbering “Romney said let Detroit go bankrupt! Romney said let Detroit go bankrupt!”

Here’s what our prattling President doesn’t want Americans to know:

Deceitful, smoke-’n-mirrors Obama ADOPTED Mitt Romney’s idea of a managed bankruptcy for American car makers. BUT, Obama’s mishandling of the process has proven very costly.

Romney Press – Oct 16, 2012:

Mitt Romney Will Help Our Auto Industry Become Stronger And More Competitive

As a Michigan native and the son of a car guy, Mitt Romney has always believed that a strong auto industry is an essential component of the nation’s economy. He has a plan that will help the auto industry move forward into a new era of innovation and dominance.

  • Domestic Energy Production That Aids Manufacturing: We are on the cusp of a manufacturing renaissance in the United States, and it will be made possible by an abundant supply of cheap, reliable energy within our borders. Mitt Romney will have a true all-of-the-above strategy that includes coal, natural gas, oil and other resources.

  • Trade That Works For Our Auto Industry: Our workers make the best cars in the world. We must develop markets abroad where our cars can be sold. Mitt Romney will open new markets to American automakers far more aggressively than this President has.
  • Stand Up To China And Level The Playing Field: Mitt Romney will stand up to countries like China that don’t play by the rules. Starting on day one, Mitt Romney will make clear to China that they must respect the intellectual property of American manufacturers and open their markets to American products.
  • Lower Our Corporate Tax Rate To Boost Competitiveness: Mitt Romney will reduce the corporate tax rate, so that our carmakers can compete on a level playing field both at home and around the world, and can afford to invest more in breakthrough products. He will also stop the foolish practice of imposing an extra tax on our automakers when they sell cars overseas so they can reinvest the profits here at home.
  • Get Government Out Of The Car Business: President Obama has told Detroit what kind of cars to build, implemented extraordinarily onerous regulations that will drive up the cost of each car by thousands of dollars, and to this day owns more than one quarter of General Motors. Mitt Romney will get the federal government out of the auto industry and eliminate regulations that distort the market and drive up costs.
  • A Reminder – Mitt Romney supported a managed bankruptcy process for our automakers, which is what President Obama ultimately agreed to support:

    Months After Taking Office, President Obama Finally Arrived At The Conclusion That Managed Bankruptcy Was Preferable To His Initial Strategy. “The Obama’s administration’s leading plan to fix General Motors Corp. and Chrysler LLC would use bankruptcy filings to purge the ailing companies of their biggest problems, including bondholder debt and retiree health-care costs, according to people familiar with the matter. … President Barack Obama’s task force has told both companies that the administration prefers this route … rather than the prolonged out-of-court process that has thus far frustrated administration officials.” (The Wall Street Journal, 3/30/09)

    The Obama Administration Ultimately Found Bankruptcy To Be The Only Way Forward. “The administration says a ‘surgical’ structured bankruptcy may be the only way forward for GM and Chrysler, and President Obama held out that prospect Monday. ‘I know that when people even hear the word ‘bankruptcy,’ it can be a bit unsettling, so let me explain what I mean,’ he said.” (The Wall Street Journal, 3/30/09)

    What did Governor Romney NOT support? Labor Union handouts, giving American companies to foreign owners, ill-considered dealership closings, and keeping government in the car business:

    President Obama’s Handling Of The Bailout Gave The United Auto Workers Union A Majority Ownership Stake In Chrysler. “The Obama administration’s decision to bail out Chrysler gave the union trust what was initially a majority ownership position of 55 percent of its shares.” (Reuters, 6/3/11)

    The Obama Administration Handed Over Control Of Chrysler To Fiat, An Italian Automaker. “Chrysler LLC, for years America’s third-biggest automaker, survived perhaps the most dire of its periodic near-death experiences in 2008 and 2009, when the federal government forced it into bankruptcy, pumped in $10 billion in taxpayer funds and put it under the control of the Italian automaker Fiat, with the auto workers union as the company’s biggest shareholder.” ((The New York Times, 7/30/12)

    President Obama’s Auto Task Force Pressed GM And Chrysler To “Close Scores Of Dealerships Without Adequately Considering The Jobs That Would Be Lost.” “President Obama’s auto task force pressed General Motors and Chrysler to close scores of dealerships without adequately considering the jobs that would be lost or having a firm idea of the cost savings that would be achieved, an audit of the process has concluded.” The New York Times, 7/18/10)

    The Obama Administration “Contributed To The Accelerated Shuttering Of Thousands Of Small Businesses” And Potentially Added “Tens Of Thousands Of Workers” To The Unemployment Lines. (CNN Money, 7/19/10)

    General Motors Now Wants The Government To Sell Its Stake In The Company, But The Obama Administration Is Resisting. “The Treasury Department is resisting a push by General Motors Co. to sell the government’s entire stake in the auto maker – the latest source of tension between two unlikely partners thrust together at the depths of the financial crisis. U.S. taxpayers kept the nation’s largest auto maker by sales afloat with a $50 billion bailout in 2009 and now own 26.5% of the Detroit company. But GM executives have grown increasingly frustrated with that ownership and the stigma of being known as ‘Government Motors.’” (The Wall Street Journal, 9/17/12)

    Taxpayers Are Taxpayers Are Currently Projected To Lose More Than $25 Billion On The Bailouts Of Auto Industry. (U.S. Treasury Department, 8/12)

    Now, you have the truth.

    Michiganders, help Mitt Romney and Paul Ryan obtain your 16 electoral votes. CAll NOW to get started. Readers, you, too, can help.

    By Lisa Benson



    Follow Jayde Wyatt on Twitter @YayforSummer

    Before Debate Ended, Obama Cronies Concocted ‘Liar’ Meme Against Romney


    10 minutes before Barack Obama’s presidential debate face-plant ended, his panicked, damage-control, political toadies pressed speed-dial – pronto!

    Before Barack Obama and Mitt Romney even gave their closing statements, the conclusion of that cobbled-together, conspiratorial conference call was: The only way to stop Romney is to relentlessly label him – LIAR:

    New York Times:

    On the conference call convened by aides in Denver and Chicago even as the candidates were still on stage, there was no debate in the Obama campaign about the debate. None of the advisers fooled themselves into thinking it was anything but a disaster. Instead, they scrambled for ways to recover. They resolved to go after Mr. Romney with a post-debate assault on his truthfulness. Ad makers were ordered to work all night to produce an attack ad.

    Rich Lowry, in yesterday’s New York Post, writes: Team O’s pathetic ‘liar, liar’ attack

    Credit President Obama’s aides with discernment. Even before the first presidential debate was over, they knew they needed to come up with an excuse, and fast. They settled on one they haven’t stopped repeating: Mitt Romney lied his way to victory.

    [insert sarcasm] The president would’ve rebutted Romney’s gross deceptions, except he was too focused on answering questions about the country’s future and too taken aback by Romney’s brazenness to answer in real time. Although once he had a day or two and his witty rejoinders were cued up in a teleprompter, he was absolute hell on Romney.

    The case that Romney lied so brazenly that it undid the president rests, first, on the idea that the Republican misrepresented his own tax-reform plan. Obama said that Romney proposes to cut taxes by $5 trillion over 10 years. Romney denied it. The president’s team responded, with its customary civility and nuance: “Liar!”

    But this isn’t even a close call. Romney wants to cut income-tax rates 20 percent across the board and make up the revenue by closing loopholes and deductions. This isn’t a tax cut; it’s a wash. It’s been Romney’s plan ever since he proposed it during the primaries. It’s such a simple concept that only willful obtuseness keeps the president or his team from understanding it.

    If Romney proposed a 1 percent across-the-board cut on rates and the elimination of all loopholes and deductions, surely Obama would accuse him of wanting to raise taxes, because people would be paying more in taxes despite lower rates.

    In fact, this is the approach of the president’s own Simpson-Bowles debt commission: It suggested lower rates and fewer deductions such that the federal government would garner more revenue.

    Obama’s thuggery team are falsely crowing that the real Romney didn’t show up at the debate.

    Yes, he did.

    67 million people saw Romney as he really is – smart, prepared, patriotic, competent, compassionate, hard-hitting while affable, and a true leader who can think on his feet. How satisfying it was to have the corrupt mainstream media manacled on the sidelines for 90 minutes! Where is the real Obama? He’s America’s magistrate of masquerade. Every time we turn around we see a different version of the man. For nearly four years, he’s gotten away with saying one thing and doing another. Remember when our contrived Commander-in-Chief called for greater civility in the public discourse?

    “At a time when our discourse has become so sharply polarized, at a time when we are far too eager to lay the blame for all that ails the world at the feet of those who think differently than we do, it’s important for us to pause for a moment and make sure that we are talking with each other in a way that heals, not a way that wounds.” – Barack Obama, January 11, 2012

    Oh, the sanctimony of phony baloney Barack… He laps up fawning words that cover for HIM; not so for the other guy. Blogger Doug Giles zings the excuses liberal talking heads dreamed up for Obama’s ignominious implosion (before getting the ‘liar Mitt’ memo):

    Another rather amusing post-debate kabuki show the Left put on was the ridiculous excuses for Obama’s feckless performance during that 90-minute flogging by Romney.

    One of my favorites was Al Gore’s “the high altitude got to him”… Obama wasn’t acclimated and thus he was a wee bit discombobulated. First off, Obama’s used to being high; he spent his entire college years Rocky Mountain high. Please. Secondly, didn’t he give his yippee-ki-yay DNC speech back in ‘08 in Denver? I think he did. Google it and get back to me, Al.

    Second on my list of favorite excuses regarding Obama’s clock getting cleaned came from Bob Woodward who surmised that Obama was abysmal that night because he received some heavy bad news prior to the debate that had him distracted and upset. This could be a legit reason. Maybe something in the Middle East had gone awry? Nah, that couldn’t be it because after the Benghazi massacre he was able to party with Jay-Z and Beyoncé and fly to Vegas with no problemo whatsoever.

    (more…)

    Obama’s Nasty Habit of Deception to Go Unchallenged? — Karl Rove

    Karl Rove (Photo: Twitter: @karlrove)


    Because of what I am about to write regarding President Obama, I must begin this post by stating this is my opinion alone and is not intended to reflect the opinion of my fellow MRC writers, Mitt Romney, or the Romney campaign.

    I’m not entirely sure why pundits, Romney surrogates, and other “political experts” are so reticent to call out Barack Obama for what he is: A liar. Five days ago I wrote this piece outlining four inherent advantages that Mr. Obama has over Mitt Romney. As President of the United States, prestige alone allows Mr. Obama to lie with impunity as the mainstream media covers for him. Many Americans trust their president implicitly and would never disbelieve him because of their respect for the office of president. Frankly, I strongly believe President Obama, Secretary Clinton, and other senior administration officials are actively involved in a cover-up to prevent disclosure of solid intel they had before the consulate attack in Libya, indicating it was pre-planned and was terrorism.

    Yesterday morning, Eric Fehrnstrom was outlining how Barack Obama had been deceptive and did so by providing excellent examples. When asked directly by the FOX anchor if he was calling Obama “a liar” he basically backed down and said “no.” What? Obama is not just dancing around the truth; he is outright lying and he is getting away with it! Before you get after me for writing this, I must say that I do think Governor Romney has definite plans to take care of Obama’s nasty habit of prevaricating.

    Yesterday, Karl Rove published his weekly opinion piece entitled, “Obama’s Biggest Opponent Is the Truth.”

    When George Stephanopoulos asked Mitt Romney in a Sept. 14 “Good Morning America” interview what he’s learned about President Obama as a debater, the former Massachusetts governor replied, “I think he’s going to say a lot of things that aren’t accurate.”

    If Mr. Obama’s debate performance mirrors his campaign, Mr. Romney’s prediction will be dead on. To get a sense of how comprehensive the president’s assault on the truth has been, consider some of his false claims in recent speeches and ads.

    One Obama spot says, “To pay for huge, new tax breaks for millionaires like him, Romney would have to raise taxes on the middle class: $2,000 for a family with children.”

    That claim has been thoroughly discredited, including by PolitiFact Virginia and editorials in this newspaper. [...]

    Another ad says, “As a corporate raider, [Mr. Romney] shipped jobs to China and Mexico.” In response, the Washington Post editorialized, “On just about every level, this ad is misleading, unfair and untrue.” As recently as Sept. 17, Mr. Obama claimed in Ohio that Mr. Romney’s “experience has been owning companies that were called ‘pioneers’ in the business of outsourcing jobs to countries like China.” But that claim, too, is a fabrication.
    [...]
    Candidates always have disagreements, arguing over the meaning of events or evidence. But Mr. Obama has taken ordinary political differences beyond anything we’ve seen. Every day, it seems, he attempts to disqualify his opponent through deliberate and undeniable falsehoods.

    [VL: I call "falsehoods" ------> "lies"]

    Barack Obama plans to be re-elected through cunning deceit…lying

    This is only one side of a two-sided coin. The president can’t tell the truth about his own record either.

    For example, Mr. Obama said at a Univision Town Hall on Sept. 20 that his biggest failure “is we haven’t gotten comprehensive immigration reform done.” The president then did what is second nature to him: He pinned the blame on Republicans. The problem with this excuse is that the Democrats controlled Congress by huge margins in the first two years of his presidency—and Mr. Obama never introduced an immigration bill or even provided the framework for one.

    In the same interview, Mr. Obama claimed that his Justice Department’s botched “Fast and Furious” gunrunning program was “begun under the previous administration.” This time it was ABC’s Jake Tapper correcting the record, pointing out, “it was started in October 2009, nine months into the Obama presidency.”

    The most troubling recent example of Mr. Obama’s serial dishonesty is his administration’s effort to deny that the attack on our consulate in Benghazi was a premeditated terrorist assault, as if the truth would somehow tarnish Mr. Obama’s foreign-policy credentials.

    Voters expect politicians to stretch the truth. But when the offender is as persistent with mistruths, half-truths and no-truths as Mr. Obama is, voters expect the other candidate to blow the whistle. They want their leaders to show toughness and be competitive. Which brings us back to the coming Oct. 3 debate, to be followed by two others on Oct. 16 and 22.

    During these widely watched events, Mr. Romney must call out the president. That is not so easy: Mr. Romney can’t call Mr. Obama a liar; that’s too harsh a word that would backfire. Mr. Romney must instead set the record straight in a presidential tone—firm, respectful, but not deferential. And a dash of humor is worth its weight in gold.

    While Mr. Romney must point out the president’s misrepresentations, he can’t take on the role of fact-checker-in-chief. He should deal comprehensively with several of Mr. Obama’s untruths and, having done so, dismiss the rest as more of the same.

    By carefully calling into question the president’s veracity, Mr. Romney will have the opportunity to provide context: Mr. Obama doesn’t shoot straight because he can’t defend his record and has no agenda for the future except the status quo, stay the course.

    What exactly about the past four years do Americans like? And why would they want four more years like them? Mr. Obama knows how most Americans would answer these questions, which is why he is being so fast and loose with the truth. Mr. Romney’s job is to shine a light on this for voters.

    [emphasis added]


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