Auto Industry Bailout, Mitt Romney | featured news

President Obama ripped Republican presidential nominee Mitt Romney on Friday for running a misleading TV ad implying that U.S. auto workers are going to lose their jobs because Chrysler is moving the production of Jeeps for Chinese consumers to China.

...The ad also comes on the heels of Mitt Romney’s mistaken claim in a speech last week that Chrysler was moving Jeep production to China — a statement immediately denied by the auto manufacturer. Yet the story apparently was too good for Romney to give up, because the ad repeats the claim, tweaked slightly to make it more accurate.

Under the bright lights of a high school football field in Defiance, Ohio, Mitt Romney's opposition to the 2009 auto bailout reared its head again as a campaign issue that could help decide the result of this critical swing state.

Clear Eyes, Full Hearts, Can't Use My Phrase! This is basically what Peter Berg told Romney in a letter, asking the politician to stop using the phrase "Clear Eyes, Full Hearts, Can't Lose."

Romney has been consistent on his position that a managed bankruptcy was the best course of action. But he keeps digging a bigger hole for himself when he claims that the path he recommended — which included no public assistance — would have been successful from the start. Both Presidents Bush and Obama rejected that advice, and there is little evidence the industry would have survived without the breathing room provided by public funds.

In seeking support in Michigan, Obama speaks frequently about how the federal bailout of General Motors Co. and Chrysler Group led to GM's resurgence as the world's No. 1 automaker and 32,000 more auto-related jobs in the state since the companies emerged from their 2009 managed bankruptcies. Romney opposed the move, even writing a New York Times opinion piece in 2008 that carried the headline "Let Detroit Go Bankrupt."

The super PAC behind President Obama is on the air in Michigan today with an ad slamming Mitt Romney and his opposition to the auto industry ...

Whether voters see a principled stand or ruthless capitalism in Mitt Romney’s 2008 opposition to the auto industry rescue will affect how he fares in Michigan’s primary and likely beyond.

Republican presidential candidate Mitt Romney defended himself Thursday against questions over why he opposed a federal bailout of General Motors and Chrysler two years ago.