Romney campaign aide claims auto bailout was Romney's idea !!

Romney campaign aide claims auto bailout was Romney's idea
By Brendan Sasso - 04/28/12 01:28 PM ET -- The Hill

A top Romney adviser is claiming that Obama's decision to bailout Chrysler and General Motors was actually Romney's idea in the first place !!!! WHAT ??

Well it seems there is something to it and there is also some irony to go along.

Romney himself wrote and article in the NY Times (Published: November 18, 2008, after the elections that year).

In the article he makes a few contradictions, but in the last paragraphs, he points out the need for what looks like just what happened !

Keep in mind that the UAW Union now owns a good part of GM as a result of the Obama bailout.
UAW RETIREE MEDICAL BENEFITS TRUST -- 160,150,000 GM shares source
(make note of the largest institutional stockholders)
The UAW is the largest stockholder in GM now.

One of Mitt Romney's top advisers said Saturday that President Obama's decision to bailout Chrysler and General Motors was actually Romney's idea.

"[Romney's] position on the bailout was exactly what President Obama followed. I know it infuriates them to hear that," Eric Fehrnstrom, senior adviser to the Romney campaign, said.

"The only economic success that President Obama has had is because he followed Mitt Romney's advice."

The claim appears to be a shift from Mitt Romney's November 2008 op-ed in The New York Times, headlined, "Let Detroit go bankrupt."

Keep in mind, GM did in fact go through a "managed" bankruptcy under the Obama plan

But on Saturday, Fehrnstrom pointed out that in the op-ed, Romney called for a "managed bankruptcy" to get the auto companies back on stable financial footing.

"The fact that the auto companies today are profitable is because they've shed costs," Fehrnstrom said. "The reason they shed those costs and have got their employee labor contracts less expensive is because they went through that managed bankruptcy process. It is exactly what Mitt Romney told them to do."

Romney's article Published: November 18, 2008 "Let Detroit Go Bankrupt"

IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.

Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.


......The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.

In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.

The Romney Article

A Romney Boondoggle ?

Romney is the definition of an assclown. Not Obama, Not Bush, Not Clinton, Not Bush, Not Regan, Not Carter

I can not, when researching previous presidents, find one, ONE who flips as much as Romeny. It would be unconscionable for anyone to vote for such a man. Even if Obama is considered "bad" he's not Romney. (I'd pick the big Dubbya over Romney any day)

reply to post by xuenchen


This is just further proof that they are really on the same side, both patting each others backs in private, with the same interests and establishment backers. The whole media charade of voting "republicans vs democrats" and the false impression they want to give at being at each others throats, is just a charade, aimed at misleading the masses into believing they are a part of it.

Ron Paul 2012, the only one not in cahoots with the establishment, and the only one we can trust!

Originally posted by TheOneElectric
Romney is the definition of an assclown. Not Obama, Not Bush, Not Clinton, Not Bush, Not Regan, Not Carter

I can not, when researching previous presidents, find one, ONE who flips as much as Romeny. It would be unconscionable for anyone to vote for such a man. Even if Obama is considered "bad" he's not Romney. (I'd pick the big Dubbya over Romney any day)

True, although Obama may not flip-flop as much, he is a liar instead, breaking promises or holding off on them "until later". He is a master manipulator with words though, anyone hearing him for the first time will think he is a great man, a great speaker, an impressive individual. After you hear the same BS 10 times in a row with no results though, the opposite happening... you know his true face as the great deceiver and giver of false promises that he is.

Ummm... I first saw this story thinking it was a former aid dumping dirt on Romney. Then I realized they are saying this as a point to BRAG about?? Are they just outright mentally challenged?! Do they not GET IT that a large portion of the nation think ALL of the bailouts were flat out wrong and unconstitutional??

This is why I have never liked Romney and feel sick we are left with THIS... It's 2008 all over again. We have Obama and a sandbagger for the Repub side to insure there IS no real choice from that end at all! This guy was Ted Kennedy's pet Governor. No one should be shocked when the claims for credit on things against Obama become overlapping......

reply to post by NeoVain
Please, please, please show me the difference between flip flopping and lying? When you are finished with that, show me a politician that doesn't lie.

Originally posted by saturnsrings
reply to post by NeoVain

 

Please, please, please show me the difference between flip flopping and lying? When you are finished with that, show me a politician that doesn't lie.

Flip-Flopping is more changing ones mind. You might have had the genuine intention to do what you say at the time, but due to "the wind blowing the other way", you simply changed your mind to better fit into the popular opinion. This is something Romney have been proven to do countless times already on several issues.

Lying is saying things you have no intention of doing in the first place. Things you know are either impossible, not true, not likely to happen, or whatever. How do we know Obama is Lying instead of Flip-Flopping? Well, he is the President, he would have the power to do the things he said he would numerous times already, but he didn´t. He is eihter a puppet or a liar, simple as that. And even if he is a puppet, he is also a liar.

What they both have in common is they do it with the same agenda: gaining support to either getting elected or re-elected. Most people are stupid/naive enough to believe them when they hear them speak, at lest the first time. That is the natural reaction we have as a species, unfortunately, Something people of their ilk have learned to abuse.

Originally posted by saturnsrings
reply to post by NeoVain

 

Please, please, please show me the difference between flip flopping and lying? When you are finished with that, show me a politician that doesn't lie.

Not to take a thing away from Neo's explanation, but if I might offer another angle to add to the perspective?

In my opinion on these things... Lying and Flip Flopping are entirely different. Lying means the politician actually KNEW what he was saying at the time was outright false and he/she has every intention of doing just the opposite. They'd piling the crap on deep and the little Citizen Mushrooms don't even smell what's falling.


I think Flip-Flopping covers the state of honest confusion and general lack of caring to saying what they mean or meaning what they say as a way of daily life.

Lying requires something they really CARE about enough to put the work into a lie to begin with. lol...I don't know too much our Pols on the screen really care about among their topics, eh?

reply to post by xuenchen


You gotta love Romney's etch-n-sketch! How dumb does he think Americans are?

A little fact checking helps..

Romney shot back by saying he advocated for a managed bankruptcy much earlier than the ones General Motors and Chrysler eventually went through -- "They finally realized I was right"

In a debate fact-check, the Associated Press takes issue with Romney's assertion that the administration took the course of action he'd been pushing:

Romney did propose a bankruptcy process for the automakers before the government opted for that course.

But there was a tremendous difference between the course he advocated and the one that was taken.

GM and Chrysler went into bankruptcy on the strength of a massive bailout that Romney opposed.

Neither Republican President George W. Bush nor Democratic President Barack Obama believed the automakers would have survived without that backup from taxpayers.

Romney held out the possibility at the time of the government giving certain loan and warranty guarantees that would not have approached the nearly $85 billion bailout.

www.mlive.com...