Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
Mitt Romney and Bain Capital purchased a factory in China that took on the demand from outsourcing from other US companies. So they profited by increasing profits from companies they owned by shipping jobs overseas and they profited from other companies shipping jobs overseas by doing the work that used to be done in cities and towns across America.
W. Mitt Romney’s campaign is struggling to get some simple facts straight. When did he leave Bain? Why is his signature on new business documents in 2002 if he “retroactively retired” in 1999? Why is the sworn testimony he provided at his 2002 ballot access hearing in Massachusetts in conflict with his financial disclosure documents?
When it comes to the candidates’ pasts, Obama – not Romney – should be on the defensive. Obviously, questions about Obama have been unanswered for a longer period of time than Romney’s.
Down to the trademark “W”, W. Mitt Romney is literally the second coming of the George W. Bush: the economic strategy that led to the worst American economy since the Great Depression and the Bush legacy of secrecy in the face of questions from the American public.
Mitt Romney’s contortions to differentiate offshoring from outsourcing don’t matter to those who lost their jobs because of it.