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What Romney probably meant to say was that if he was running Chrysler or GM he would send the jobs to China (and bank the revenues in the Caymans) -- since that's the formula it seems he liked to work with when he was running Bain Capital. When that plan's exhausted, bankrupt her out and move on to the next vict--er, company.
This from the guy who advocated letting the U.S. auto industry go bankrupt before he changed his mind or whatever. It sure doesn't look like leadership to me, more like desperation to get a few votes from the auto workers of Ohio.
Mitt, like Michele Bachmann, suffers from delusions of grandeur and is a pathological liar. The Auto Industry, like the President is also blasting Romney for his pants on fire statements. What goes around comes around Mitt!
There is a critical need for gas, pumps and food in New York. These aren't novel and should have been addressed by FEMA in advance of a huge storm that it was well aware of. People are suffering, especially in Staten Island and Brooklyn.
How did our Commander in Chief handle it? After a well publicized photo op with Jersey's governor, he flew west. Just like he did seven weeks ago after our ambassador was killed in Libya.
you know what isn't a game? letting Americans die in Libya. Telling a general and an admiral to step down after they try to intervene and save American lives. Is that a game? Seems more serious than Mitt telling Obama how he failed the auto industry. Say, how's Ford doing lately? huh.
Would there even be a FEMA if Romney were President?
Obama did not save GM. You forget that GM did go bankrupt, and that taxpayers are still on the hook for $42 billion in monies funneled to GM and its financial arm Ally Capital – more than half the TARP funds that are still outstanding. Obama upended traditional (and legal) bankruptcy proceedings in order to rig the outcome heavily in favor of the UAW – payback for the $400 million in contributions from organized labor that fueled his 2008 campaign. For the UAW, each one percent ownership interest in GM cost $629 million; taxpayers paid $834 million and secured bondholders, the top of the credit chain, paid $2.7 billion for one percent of the company.
Bain Capital did invest in companies that outsourced work to others, both overseas and here in the U.S, and in companies that manufactured goods abroad. But the Obama campaign has failed to show that Romney was in charge of Bain when outsourcing decisions were made. The Obama camp’s examples pertain to companies in which Bain invested after Romney left the company in February 1999 to run the 2002 Winter Olympics. Official filings and contemporary news accounts show Romney was in charge in name only and never returned to Bain while he negotiated the financial terms of his severance. It’s also false to call Romney a “corporate raider.” Bain Capital did make money while loading some companies with debt. But a corporate raider is “one who mounts an unwelcome takeover bid by buying up shares (usu. discreetly) on the stock market.” Bain didn’t engage in hostile takeovers under Romney. Rather, it invested in new companies or in struggling businesses that it attempted to turn around and sell at a profit, with mixed success.
These aren't novel and should have been addressed by FEMA in advance of a huge storm that it was well aware of. People are suffering, especially in Staten Island and Brooklyn. How did our Commander in Chief handle it? ------------------------------------------- He got the highest praise possible from arguably one of his biggest opponents - New Jersey Governor Chris Christie! And your buddy Mitt wants to disband FEMA!
Chrysler Group LLC Chief Executive Sergio Marchionne. . . Chrysler as early as June 2011 had said it was considering adding Jeep production in China....."We are working to establish a global enterprise and previously announced our intent to return Jeep production toChina, the world's largest auto market, in order to satisfy local market demand, which would not otherwise be accessible," said Marchionne in the email on Tuesday.
So, it really is FACT, but Obama wants to nit pick wording and such. . . *Yawn*
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