Updates:
- Romney attempts to scare Ohio auto workers into thinking Jeep was moving their facilities to China
- Romney Auto Bailout Ad Tells Four Myths In 30 Seconds
As the 2012 election approaches, there will be much talk on both sides regarding the Obama administration’s role in saving the American automotive industry. You don’t have to take the Obama administration’s word for this, The Economist (initially against government help for the auto industry) has since issued an apology. And GM is once again the largest auto maker in the world.
From The Economist:
- Government Motors no more: An apology is due to Barack Obama: his takeover of GM could have gone horribly wrong, but it has not
- A Detroiter in his own mind
First, here are a few charts which show a clear correlation between the Obama administration’s actions and activity in the auto industry.
Because the above fact looks good for the Obama campaign, it looks bad on Republicans, especially Mitt Romney who suggested allowing Detroit to go bankrupt. So Republicans have a list of “reasons” why the auto bailouts were still a bad idea. I have organized them below and provided responses to them.Continue reading