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

    HUGE Endorsement! Frm. John Kerry Supporter and Chrysler CEO Lee Iacocca Endorses Mitt Romney

    I can’t overstate the magnitude of this endorsement! Not only did Lee Iacocca endorse John Kerry in 2004 when Sen. Kerry was running against George W. Bush, but no one has first hand experience with auto bailouts like Mr. Iacocca. When Chrysler teetered on the brink of bankruptcy in 1979, the Government stepped up to help them in a much more responsible way than the Government did when GM and Chrysler needed help in 2008. Chrysler paid back every penny of the bailout and grew in an example of possibly the most successful bailout in U.S. history.

    The fact that Lee Iacocca is endorsing Mitt Romney tells us that the democrats have lied for years about what Mitt prescribed in his 2008 op-ed. Mitt only wants the best for the auto industry, and the democrats plan to use this issue against Mitt to protect their small lead in Michigan is unraveling.

    This endorsement comes on the heels of Mitt setting the record straight in Tuesday’s debate with President Obama as well as Mitt’s campaign releasing a forward-looking plan on what a Mitt administration will mean for the auto industry.

    UPDATE: Full op-ed of the endorsement below:

    Iacocca: America needs a turnaround, which is why I’m voting Romney

    I’ve seen a lot of situations that needed a turnaround in my time, and I know one when I see one. Trust me, America needs a turnaround.

    America is in deep trouble. After four years, economic growth is still anemic, our annual deficits were not cut in half as promised, and our staggering $16 trillion federal debt hangs over us and our kids like the plague. Our people are hurting, they can’t find jobs, they have lost a major part of their net worth, the number of Americans living in poverty is at unacceptable levels, and we just aren’t doing the things that would get our country back on the right track.

    Like any turnaround it must begin by honestly facing our problems; hope and speeches won’t get our people back to work. It will require experienced leadership that can create and lead policy change that will enable a more robust and competitive America. We need leadership that understands that government, just like American families, can’t continue to spend beyond its means. We must find leadership that won’t pander to the people, but rather will speak honestly to them about our situation, explaining in simple terms what we have to do to get back on the right track. And we need leadership that can bring us together in a sense of shared responsibility so that we can move forward as a team. All of us. As Americans.
    America needs new leadership

    Mitt Romney has successfully led both public and private sector turnarounds. He is a bright and successful man; he is a good man, a caring man, a man of integrity, family and faith. Importantly, he recognizes we are in a tough situation. With dozens of years of real world experience in the public and private sectors, he knows what he’s talking about. His policies will enable a stronger America, one in which all Americans can share. He was groomed and trained for this moment.
    The future of our country is at stake

    If you are out of work or worried about your job, having trouble making ends meet, are worried about your kids’ future or your own, or if you just have a nagging sense that as Americans we can do better than this, it’s time to wake up and stop just hoping it will all work out in a few more years. I hate to be the bearer of bad news, but it won’t!

    It’s time for straight talk.

    I’m asking you to vote for change that will get us moving in the right direction, and to be ready to be part of the solution. Everything depends on it. We don’t have time to waste. It’s time to make America great again.

    Vote for Mitt Romney for president.

    Coal Miners to Obama: Stop the lies!

    Thanks to the women at SWARM: Women for Truth (Smart Women Against Rampant Media), we have posted this open letter from the coal miners in Ohio where they publicly call out Obama and his campaign for their lies! I want these are guys on my side. An impressive sight. Obama has provoked the wrong guys.

    The massive crowds in Ohio are reflective of America’s want for change in Washington. Tens of thousands are gathering in support of Governor Romney, which contravenes the skewed media polls. These are the polls that matter. November isn’t coming soon enough for many in America.

    Shamelessly, Obama Continues to Distort Romney’s Economic Plan

    After Obama’s comatose debate performance last week, the very next day on the campaign trail, with teleprompter chugging along at full speed, wasn’t it amazing how Obama suddenly became animatedly bright-eyed and chatty? Without missing a beat or showing even a modicum of acknowledgment that he messed up royally, he continued and still continues to lie about Mitt Romney’s economic plan. Despite the fact that news outlets, and even Obama’s Deputy Campaign Manager, Stephanie Cutter, had to admit his false claim, Obama, his campaign officials, and his surrogates continue to flat-out call Romney a liar.

    Following his embarrassing, cringe-worthy performance, the President’s immediate day-after-debate mocking of Governor Romney was a “na-na-na-na-na-na” display of petulant, smirky, childish egoism. (Eastwood was right about the empty chair.)

    Brazen, boastful Barack…

    Obama’s display reveals what a small, character-stunted man he is.

    It’s astonishing to behold.

    There was no lying from Romney. And, important to note, there was no post-debate gloating from Governor Romney.

    New ad:

    Here’s a fact Obama doesn’t want you to know: Under his economic plan, taxes will increase on the middle class by $4,000. Add this to your long list of reasons why Americans absolutely cannot afford or stand four more excruciating years of Obama’s fiascoes.

    By Michael Ramirez


    After nearly four deficient, failed years, Obama is blatantly showing a bit of the worst of himself in a repugnant attempt to convince Americans he now knows what’s best for our broke, broken nation.

    By Rick McKee

    Absolutely not.


    Follow Jayde Wyatt on Twitter @YayforSummer

    Foreign Policy #ObamaIsntWorking

    If President Obama did as bad as he did in the debate on domestic policy, what is going to happen when the debates turn to the topic of foreign policy?

    USA Growth & Opportunity? Vote for Romney/Ryan! Hannity Interview (VIDEO)

    By Ken Catalino – Oct 5, 2012

    After Governor Mitt Romney cleaned Obama’s clock at the first presidential debate in Denver, America’s Comeback Team, Mitt Romney and Paul Ryan, took time out from campaigning yesterday to talk with FOX News’ Sean Hannity. Here’s the interview:

    Part :



    Part :



    We’ve seen the palpable, patriotic energy that exists between Romney and Ryan; it’s always great to see them together. Also evident is that they understand and respect each other. Competence recognizes competence. Mitt and Paul also genuinely enjoy each other’s company and that, combined with holding the House and taking back the Senate, is going to make for an outstanding, productive presidency. How fortunate we are that they are a dynamic, dynamite duo! Democrats are stuck with their two dingbats. No fluke the two of them ended up together; a knave needs another knave to cover his tracks. And, one can’t speak without a teleprompter and the other can’t be prompted to shut up.

    Obama and Biden are conspiring, failed desperadoes. Without a blink, they and their fellow conspirators keep churning out lie after lie to hide that fact.

    Romney/Ryan’s competence and commitment to actually solve the plethora of grievous problems Obama/Biden have foisted on us – to strengthening the principles our nation was founded on and making life better for 100 per cent of the American people – is the message we MUST broadcast non-stop.

    Illustration by Erin Bonsteel

    Fib-squibbers forever!


    Follow Jayde Wyatt on Twitter @YayforSummer

    Biden: “Middle Class BURIED Last Four Years”, Couldn’t Have Said it Better for Romney/Ryan (New AD)

    VP Joe’s moment of clarity!

    Talk about timing!

    On the eve of the first Presidential debate, Veep Joe dramatically, fiercely, earnestly spewed a truth out of his lying lips:

    This is deadly earnest, man. This is deadly earnest… How they can justify — how they can justify — raising taxes when the middle class has been buried the last four years… How in Lord’s name… — Vice President Joe Biden, spreading the conservative message at a campaign event in Charlotte, North Carolina, Oct 2, 2012.

    Contrary to all the lies shooting out of the Obama/Biden calumny camp, Governor Romney will NOT raise taxes on the middle class. He and Paul Ryan are CHAMPIONING the middle class AND the poor; they will kick-start Obama’s cardiac-arrest economy and create upward mobility for all.

    Under Obama/Biden, 23 million fellow citizens DO NOT HAVE JOBS, one in six Americans now find themselves in POVERTY, food stamp and disability enrollments have exploded, and average Americans have lost income to the tune of $4,000. Many lucky enough to have a job are often overworked for less pay and are afraid a pink slip is just around the corner. Under spend-’n-go Barack and Joe, gasoline and food prices have flown out the roof!

    Romney’s tax plan – from his website:

    Individual Taxes

    America’s individual tax code applies relatively high marginal tax rates on a narrow tax base. Those high rates discourage work and entrepreneurship, as well as savings and investment. With 54 percent of private sector workers employed outside of corporations, individual rates also define the incentives for job-creating businesses. Lower marginal tax rates secure for all Americans the economic gains from tax reform.

    Make permanent, across-the-board 20 percent cut in marginal rates
    Maintain current tax rates on interest, dividends, and capital gains
    Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
    Eliminate the Death Tax
    Repeal the Alternative Minimum Tax (AMT)

    Without going into specifics right now because they’re outlined on his website and because The Gov will speak more on his plan at tonight’s debate in Denver, Romney will also CLOSE TAX LOOPHOLES for the wealthy.

    From Team Romney/Ryan:

    The Obama economy has crushed the middle class—with more than 23 million Americans struggling for work.

    Yesterday, Vice President Biden finally admitted that the last four years have “buried” the middle class.

    We couldn’t have said it better ourselves.

    Couldn’t Say it Better:

    The only thing Biden is earnest about is deceiving Americans.

    Oh… Ol’ Joe’s usage of the Lord’s name to emphasize his lie that Romney will raise taxes on the middle class? Earnestly shameful.

    Follow Jayde Wyatt on Twitter @YayforSummer

    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]


    American Values: “In God We Trust” — “Liberty” — “E Pluribus Unum”

    Twitter Follow: @VicLundquist – Dedicated to all members of The United States military and their families

    Obama, Failing American Families

    Below are two of Mitt Romney’s latest ads, mostly broadcast in swing states. There is no doubt about the battle ahead: Mitt Romney, principles, integrity and freedom vs Barack Obama, the mainstream media, Labor Unions, lies (say and do whatever it takes to retain power), dependency and debt. The lines are drawn and America will have a clear choice. Even so, Obama and his cronies will conform their message with guile and duplicity to try and purchase our society. The agendas are clear, and so must be the message. Obama will shade his message to appeal to all with a “flaxen cord” approach trying to reel us in before binding us in untenable chains of debt and subordination. Romney will deliver a message of reason, rationale and hope for restoring what made America great and exceptional; a strong and free economy; a strong and free America that defends freedom around the world. Romney will also have to call Obama out for his lies and those of the media. The cause is freedom and it is worth the fight!

    The messaging of these two ads are indicative of some of what we will see in the future. You have to ask the question, how do you feel when viewing the ads?

    Further, the upcoming debates will have a profound affect on the hearts and minds of American’s. Our prayers should be with Governor and Mrs. Romney, and Paul Ryan and their advisors, that they might be endowed with discernment in knowing how to communicate their messages of light and truth that will resonate with American’s and the world, and further how to expose the lies and deceit of those who seek to flatter America to its demise.

    Obama In His Own Words! Truth Revealed! VIDEO

    Obama’s double speak and duplicity have no bounds! The fact’s remain that ultimately truth proves itself out in one’s actions and in consequence. In spite of a tacit coordination by the Obama campaign and the massive mainstream media to shield the public from truth, there are no exceptions as time will ultimately reveal truth. Watch the video below and judge for yourself!

    Appreciating that any criticism of the ‘anointed one’ draws the ire of the mainstream media, this self-appointed public relations advocacy group has a clear agenda: 1) protect Obama, 2) promote Obama, and 3) diminish any who oppose Obama. What is disconcerting is the acceptance of Obama’s lies and distortions by the media and others. Why? Rather than vet the truth, they prefer to perpetuate the lies and distortions. Instead of being disciplined in independent discovery of facts (which they can be very good at), they ignore facts to comport with their advocacy. It has been said, that distortions left unchecked become reality in the minds of people. Therefore it is imperative that the American people demand truth and hold people accountable for their lies and distortions.

    We live in interesting times. As evidenced with the events of this past week, we live amid tumult and commotion. If ever there was a time for truth, it is now! If ever there was a time for a leader to lead our nation with substance over flattering words, truth over distortion, competence over ego and pride, and promises kept – it is now! Unfortunately, that leader is NOT Barack Obama.

    The above video is revelatory in its substance and in Obama’s own words. His promises, which he never intended to be kept, are revealed in his duplicity and guile. As an American concerned for my children and grandchildren’s future, my prayers and petitions Heavenward are that American will WAKE UP and realize that Barack Obama is not who he purports to be; he does not have their interests first; he is self absorbed; he is committed to create an America where our freedoms and liberties are undermined; and among many other things, he is committed to socialize our society with overburdened debt and dependency on a sovereign state. What is frightening is that the messenger of America’s dissembling is charismatic and charming, and with flattering words that have shielded his ideologic agenda, he leads America down a path of pacification and bondage.

    Again, in my book, On The Brink, America’s Choice 2012, I offer a quotation by Alexander Tyler, a Scottish history professor in the late 1700′s: “A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury.

    From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

    The average age of the world’s greatest civilizations from the beginning of history has been about 200 years. During those 200 years, those nations always progressed through the following sequence:

    1. from bondage to spiritual faith
    2. from spiritual faith to great courage
    3. from courage to liberty
    4. from liberty to abundance
    5. from abundance to complacency
    6. from complacency to apathy
    7. from apathy to dependence
    8. from dependence back into bondage

    Obama’s words are deceptive, but his actions are clear; the more apathetic and dependent we become as a nation, we will ultimately return to the bondage that our forefathers sought independence from! WAKE UP AMERICA!